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Robinhood's prediction markets outpace crypto trading with $156 million in Q2 revenue

7/30/2026

A newer product category knocked cryptocurrency off the top of Robinhood's revenue table in the second quarter.

Event contracts, financial instruments whose payouts depend on real-world outcomes rather than asset prices, generated $156 million for the trading platform.

Cryptocurrency trading brought in $100 million over the same period, placing it second. Equities trading fell below both.

What an event contract is A trader takes a yes-or-no position on whether a specific event will occur, such as the outcome of an election or a sports championship.