Robinhood calls event contracts its fastest-growing product line
Robinhood has identified prediction and event contracts as its fastest-growing product line, with the segment breaking the stock's historic correlation with Bitcoin price movements. The brokerage reported first-quarter revenue of $1.07 billion, up 15% year over year, and said average daily volumes in equities, options, and event contracts reached record highs in June 2026. Wall Street has begun pricing Robinhood differently as a result, moving the company beyond its 'meme broker' label toward a platform driven by event contracts, net-interest income, Gold subscriptions, and crypto trading. The shift underscores Robinhood's continued diversification beyond its core cryptocurrency business.
Robinhood's breakout event-contract growth, paired with its new Rothera exchange, lets it keep retail flow in-house rather than share fees with Kalshi. For Kalshi, losing that pipeline leaves it rebuilding US retail access while fighting tribal lawsuits and CME litigation on sports contracts.