Robinhood Expects New Business Revenue to Surpass Crypto Business, Stock Rallies

Robinhood (HOOD) experienced a surge in overnight trading as the company projected that revenue from its new Rothera Prediction Markets Platform will exceed the revenue generated from its cryptocurrency business. This marks a significant shift in Robinhood's business focus and revenue streams.

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User Discussion

HOOD is shifting gears — Prediction Markets just overtook Crypto Robinhood just showed something big in the numbers. In Q2, revenue from its prediction markets (event contracts) hit $156 million.
Crypto trading brought in only $100 million. That’s the first time prediction markets have beaten crypto at Robinhood. And a big part of the jump came from Rothera — the CFTC-licensed prediction market exchange they launched with Susquehanna in late May/June. Rothera processed over 3.5 billion contracts in a very short time and quickly became one of the top platforms. World Cup volume helped a lot, and now football season is kicking in. Management is routing more and more flow through Rothera so they keep a bigger piece of the economics instead of sharing it with third-party exchanges. This is not
avatarGehlot
07-13
$Robinhood(HOOD)$   $HOOD Is Evolving Into a Full-Service Financial Platform: $HOOD is expanding well beyond its roots as an online brokerage, steadily building a comprehensive financial ecosystem with multiple long-term growth drivers. Key catalysts include: * Tokenized stocks available 24/7 across 120+ countries * Robinhood Chain Layer 2 mainnet now live * Trustee for Trump Accounts, providing $1,000 for eligible children born between 2025 and 2028 * Removal of the PDT rule, eliminating the $25K minimum for active traders * Rapid growth in prediction markets, with 3.9 billion contracts traded in May * International expansion across Canada, the UK, Europe, and Singapore * Perpetual futures trading with up to 10x leverage in Europe * US