Robinhood CEO Vlad Tenev Predicts Crypto Will Outpace Sports in Prediction Market Trading
Robinhood Markets' CEO, Vlad Tenev, has stated that crypto-related contracts are becoming a larger share of prediction market trading and could soon surpass sports betting. In Q2 2026, Robinhood generated $156 million from its prediction markets—a more than tenfold increase year-over-year—and by August 2026, event contract volume was up fifteen times compared to the previous year. Kalshi, a key partner in Robinhood's contracts and another major player in this space, reported that crypto-related trading on its platform surged from $337 million in January 2026 to around $7.5 billion by August of the same year. In early September 2026, Bitcoin accounted for 13% of Kalshi's volume while sports contracts represented only 21%, with bundled outcome bets making up most of the rest. Despite this growth in crypto prediction trading, experts caution that these markets are speculative and not a substitute for traditional investing. A study found an average pre-fee loss per contract of 20% on Kalshi, suggesting high risk for individual traders.
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Topics: crypto trading Kalshi market trends prediction markets Robinhood