Stocks
Bernstein projects Robinhood prediction market revenue to hit $586M in 2026
Bernstein projects Robinhood's prediction market revenue will climb from $150 million in 2025 to $586 million in 2026, driven by record trading volumes during the World Cup. The forecast implies a nearly fourfold increase in a single year.
Why this matters?
A $586 million revenue line would make prediction markets a material driver of Robinhood's overall business, validating the product category for other brokerages considering similar launches.
The bigger picture
Third sell-side firm to embed Robinhood prediction markets into equity research after Cantor and Deutsche Bank, as Bernstein's $586 million 2026 revenue forecast turns event-contract traction into a valuation input analysts can no longer ignore.