Robinhood hits $1.4 billion revenue record as profit falls 14% and crypto trails prediction markets

Robinhood reported record revenue of $1.4 billion, but profit fell 14%, which the story attributes to hidden portfolio losses. Prediction markets brought in $173 million in Q3 versus $120 million from crypto, showing crypto is no longer the company's biggest growth driver. Traders should watch how the ongoing state-federal regulatory fight affects both segments, since prediction markets now outearn crypto for Robinhood.