Robinhood's prediction market business hit $415M ARR in 2025

Robinhood's prediction market business generated more than $415 million in annual recurring revenue in 2025, with over 1 million customers trading event contracts during the year, according to disclosures. The company processed 12 billion event contracts on its platform in 2025 and 8.8 billion in Q1 2026 alone, while April 2026 operating data showed 3.2 billion event contracts traded, up 7% from March. Average daily volume reached 107 million contracts in April, up 10% month-over-month. Separately, Robinhood reported no meaningful churn from its prediction market user base as it explained its event contract strategy. The company does not build the markets or liquidity itself. Rep. Ritchie Torres is introducing another prediction market bill, though Robinhood's $147 million event contract business likely survives the pending congressional activity.