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Robinhood’s prediction revenue tops crypto as Bitcoin and gold demand expands

Robinhood's prediction market business generated 173 million dollars in third-quarter revenue, compared with 120 million dollars from cryptocurrency trading, according to results cited in The Block's data. The company identified Bitcoin and gold contracts as expanding areas of demand, while sports remains its largest prediction category.

Robinhood generated 173 million dollars in third-quarter revenue from its prediction market business, exceeding the 120 million dollars produced by cryptocurrency trading, according to CoinPaper, citing results in The Block’s data.

The figures put prediction markets ahead of crypto trading as a revenue source for the quarter. They do not establish whether that ordering will persist.

Sports leads, with demand expanding elsewhere

Sports remains Robinhood’s largest prediction category, according to the reporting. The company also identified Bitcoin and gold contracts as areas of expanding demand.

That distinction matters: demand for contracts linked to Bitcoin sits within the prediction market business, while cryptocurrency trading is reported separately in the revenue comparison. The supplied figures do not break down prediction revenue by category.

What it means for prediction markets

  • Revenue significance: Prediction markets generated more quarterly revenue for Robinhood than cryptocurrency trading, highlighting their importance within that comparison.
  • Category mix: Sports remains the largest prediction category; expanding demand for Bitcoin and gold contracts does not establish that either is approaching sports.
  • Limits of the snapshot: Without category-level revenue or figures for earlier periods, the reported results cannot establish growth rates or how broadly revenue is distributed across contracts.
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Sources & attribution

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    CoinPaper
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