Robinhood profit beat driven by options and prediction markets as crypto revenue falls 38%
Robinhood's second-quarter profit beat estimates on strength in equities, options, and event contracts, while crypto revenue fell 38%. Prediction-markets revenue contributed to trading revenue growth that offset the decline in digital-asset income, according to Finimize. Yahoo Finance reported that prediction markets revenue overtook crypto trading revenue, though neither source provided specific financial figures or guidance.
Robinhood's event contracts now generate more revenue than crypto, flipping its growth narrative. That shift gives Robinhood leverage to squeeze supplier terms or pull volume onto its Rothera exchange entirely. Kalshi faces margin compression as flow migrates in-house. The platform that wins Robinhood's long-term volume will shape how brokerages source prediction markets across the sector.