The Block reports that Robinhood's prediction markets generated $156 million in revenue during Q2, exceeding the platform's cryptocurrency trading revenue of $100 million. Event contracts have become the platform's leading revenue source ahead of its crypto and equities trading offerings.
If prediction markets are now out-earning crypto trading on a mainstream platform, that's a signal that event contracts have crossed from novelty into a core revenue line, and regulatory attention will likely follow the money. For anyone building consumer trading or wallet products, it's worth watching whether users treat prediction markets as adjacent to crypto or as a substitute for it. The onchain angle to check is whether this demand pulls settlement or liquidity toward chains like Base, or stays inside centralized custody.
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