Robinhood's Prediction Markets Revenue May Overtake Crypto for First Time, Bernstein Says

A Bernstein analyst projected in July 2026 that Robinhood's prediction markets revenue could exceed its crypto trading revenue in the quarter ending June 2026 — a potential first. The projection, reported by Bloomberg, signals how rapidly event-contract volume has grown relative to crypto fees. Crypto revenue remains cyclical, tied to digital-asset price action; prediction markets follow event cycles with their own cadence.