Prediction market revenue at Robinhood outpaces crypto trading in third quarter
Robinhood's prediction market business generated 173 million dollars in third-quarter revenue, ahead of the 120 million dollars it made from crypto trading, according to SignalPlus coverage of the sector's October growth. The same report notes Kalshi posted about 65 billion dollars in October volume and Polymarket US about 10 billion dollars, both monthly records.
Prediction markets outpace crypto at Robinhood
Robinhood generated 173 million dollars in third-quarter revenue from its prediction market business, exceeding the 120 million dollars earned from crypto trading, according to SignalPlus.
The figures put prediction market revenue 53 million dollars above crypto trading revenue for the quarter. Within that comparison, event-based trading was the larger revenue source.
October volumes reach records
SignalPlus also reported that Kalshi recorded about 65 billion dollars in October volume, while Polymarket US recorded about 10 billion dollars. Both figures represented monthly records.
The report, covered on Oct 31, 2026, points to growth across the sector, but the measures are distinct: Robinhood’s figures describe third-quarter revenue, while the Kalshi and Polymarket US figures describe October trading volume. They do not provide a direct comparison of earnings across the three businesses.
What it means for prediction markets
- Robinhood’s results show prediction markets generated more revenue than crypto trading at the company during the third quarter.
- Record October volumes at Kalshi and Polymarket US add evidence of expanding trading activity, according to SignalPlus.
- Volume and revenue should be assessed separately; the reported figures do not establish comparable profitability or whether the growth will persist.
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