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Robinhood’s prediction markets outpace crypto trading in Q2 revenue
In Q2, Robinhood generated $156 million from event contracts, compared with $100 million from cryptocurrency trading.
Robinhood’s prediction markets produced more revenue than its cryptocurrency trading business in the second quarter, The Block reports.
According to the outlet, the platform earned $156 million from event contracts in Q2, while cryptocurrency trading brought in $100 million.
The Block characterizes the results as showing prediction markets becoming the bigger revenue driver within Robinhood’s broader trading activity.
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