Robinhood’s prediction bets more than double as crypto crashes
Robinhood’s prediction-market exchange Rothera hit $100m annualised revenue in its first full quarter, the firm says.
The hit
Robinhood customers traded 5.9 billion event contracts in October 2026, up 136% from a year earlier, the company said in monthly operating data released Thursday. Crypto notional volume fell 48% to $17.0 billion over the same period. Shares closed at $81.35 on November 12, down 3.82%, in a session that ended before the release.
Why it matters
For bettors on event contracts, the numbers show real momentum: daily volume up 135% year-on-year & non-sports contracts growing as a share of the total. But Robinhood didn’t report October revenue by product, so there’s no proof yet that prediction markets can replace lost crypto income.
The record
| October event contracts traded | 5.9bn, up 136% year-on-year (Robinhood) |
|---|---|
| Crypto notional volume | $17.0bn, down 48% from $32.5bn a year earlier (Robinhood) |
| Rothera prediction-market exchange revenue | $100m+ annualised in its first full quarter (Robinhood, October 27 call) |
| Crypto revenue decline | $268m (Q3 2025) to $100m (Q2 2026) (Robinhood) |
| Net deposits | $15.1bn in October, up from $6.1bn in September, including a $6bn Dell family gift to Trump Accounts (Robinhood) |
What happens next
Watch Robinhood’s November operating data. A repeat drop in crypto volume alongside falling event contracts would undercut the offset argument.
Sources: Robinhood’s Prediction-Market Bets More Than Doubled as Crypto Trading Crashed – 24/7 Wall St.
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