Robinhood said its prediction markets business is expanding quickly, with Chief Brokerage Officer Steven Quirk stating the company’s annualized revenue run rate has reached $500 million. According to Odaily, during the second quarter through June 25, Robinhood’s active contract trading volume totaled about 12.3 billion contracts.
Based on a standard fee rate of $0.01 per contract, Robinhood’s prediction market revenue for the quarter is estimated to be at least $1.23 million.
Odaily reported that Robinhood’s recently launched Rothera prediction market platform recorded more than 900 million trades in its first week, contributing nearly 60% of the increase in active contract trading volume.
At the same time, Robinhood’s cryptocurrency trading volume declined amid weak institutional trading activity, and second-quarter crypto revenue is expected to be below $134 million.
Odaily said prediction market revenue could surpass cryptocurrency revenue as soon as this quarter and become a faster-growing revenue source.
Robinhood Says Prediction Markets Are Growing as Crypto Trading Revenue Declines
2026-06-29 02:53:40
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