According to ME News, on July 30 (UTC+8), Robinhood’s prediction market revenue for the second quarter surpassed its cryptocurrency and stock trading revenues, driving total trading revenue up 44% year-over-year to $776 million. Specifically, event contract revenue reached $156 million, cryptocurrency trading revenue was $100 million—a 38% year-over-year decline—and stock trading revenue amounted to $129 million. Robinhood’s total net revenue for the second quarter rose 32% year-over-year to $1.31 billion, while net profit increased 48% year-over-year to $573 million. Cryptocurrency notional trading volume totaled $40 billion, including $22 billion from Bitstamp. Robinhood entered the prediction market in October 2024, launched its Prediction Market Hub in March of this year, and introduced Rothera, a CFTC-licensed exchange, in June. (Source: ODAILY)
Robinhood Q2 Market Prediction Revenue Reaches $156M, Trading Revenue Up 44%
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Summary
Robinhood’s Q2 trading volume surged as market prediction revenue exceeded crypto and stock trading income. Total trading activity reached $776 million, a 44% year-over-year increase. Event contract revenue hit $156 million, while crypto trading income fell 38% to $100 million and stock trading revenue amounted to $129 million. Net revenue rose 32% to $1.31 billion, with net profit increasing 48% to $573 million. Crypto trading volume reached $400 billion, including $220 billion from Bitstamp. Robinhood launched its prediction market in October 2024, introduced a prediction market hub in March, and rolled out Rothera in June.
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