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Robinhood prediction market revenue rises to 173 million dollars in Q3 on a record 16.4 billion event contracts, The Wealth Advisor reports
- Robinhood prediction market revenue rises to 173 million dollars in Q3 on a record 16.4 billion event contracts, The Wealth Advisor reports — Robinhood reported record third-quarter revenue of 1.42 billion dollars, with prediction markets generating 173 million dollars, up more than 500 percent from a year earlier, as customers traded a record 16.4 billion event contracts. Event contract revenue exceeded cryptocurrency revenue for the second consecutive quarter, while crypto revenue fell 55 percent to 120 million dollars. (The Wealth Advisor)
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