TREE NEWS reports: Robinhood CEO Vlad Tenev said crypto-related prediction contracts are taking a growing share of the platform’s prediction market and that sports contracts could shrink to a minority within a few years. Robinhood’s event-contract revenue rose more than 10x year over year to $156 million in Q2 2026, while contract trades hit 4.7 billion in August, about 15x the year-earlier level. Robinhood runs its prediction market on Kalshi and offers services through Rothera, a joint venture with Susquehanna, and has taken stakes in Crypto.com and its prediction market subsidiary OG.com.
Robinhood CEO Says Crypto Prediction Contracts to Overtake Sports Bets
AI take
Tenev's framing matters less as a forecast than as a signal about where a retail brokerage sees durable demand: crypto-linked event contracts rather than sports, which is the more crowded and seasonally volatile category. The revenue and volume figures show prediction markets have moved from novelty to a material line for Robinhood, and its web of stakes and joint ventures suggests it wants infrastructure exposure, not just order flow. Whether that growth holds once the current crypto cycle cools — and how regulators treat event contracts at this scale — is the open question.
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