Gemini’s event contracts remain a small contributor to quarterly revenue
CryptoNews reports Gemini's second-quarter filing showed 524,000 dollars in prediction-market revenue for the three months ended June 30, about 1.2 percent of its 45 million dollars in total revenue, with first-half prediction revenue of 968,000 dollars. The share is far smaller than at Robinhood, where event contracts accounted for about 12.1 percent of third-quarter net revenue.
Gemini generated 524,000 dollars in prediction-market revenue in the second quarter, according to CryptoNews, citing the company’s filing. The figure covers the three months ended June 30.
A modest share of Gemini’s business
Prediction markets accounted for about 1.2 percent of Gemini’s 45 million dollars in total revenue for the quarter. That leaves the segment a small contributor to the company’s overall revenue.
For the first half, Gemini recorded 968,000 dollars in prediction-market revenue, according to CryptoNews. The second-quarter amount represented more than half of that six-month total.
Robinhood comparison spans different quarters
At Robinhood, event contracts contributed about 12.1 percent of third-quarter net revenue, according to CryptoNews. That proportion was substantially higher than Gemini’s reported prediction-market share.
The comparison has limits: Gemini’s figures cover the second quarter and use total revenue, while Robinhood’s cover the third quarter and use net revenue. The percentages indicate different levels of revenue exposure, rather than a matched-period comparison.
What it means for prediction markets
- Gemini’s figures show prediction markets generating revenue while remaining a small part of its business.
- Robinhood’s higher reported share points to a greater revenue contribution from event contracts within its own business.
- The different reporting periods and revenue measures limit conclusions about the platforms’ relative prediction-market performance.
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