Robinhood Reports Record 16.4B Event Contracts, Crypto Revenue $120M

The mix here is the story: record event-contract volume and a new $100 million line show Robinhood's diversification engine is working, while crypto revenue's 55% year-over-year decline underscores how much of its earlier crypto boom has faded even as sequential growth returns. For a platform increasingly defined by prediction markets rather than digital assets, the question is whether event contracts can keep scaling without inviting the regulatory scrutiny that has shadowed both segments. The earnings miss alongside record activity also hints that volume growth isn't translating cleanly to the bottom line — worth watching as the product mix shifts further from crypto.