Robinhood prediction markets bring in $173 million as crypto revenue slumps
AI summary
Robinhood generated $173 million from prediction markets in its latest quarter, a bright spot as its crypto revenue declined. The excerpt contrasts this with Coinbase's annualized milestone and Gemini's smaller Q2 business, highlighting how unevenly crypto firms are diversifying beyond trading fees. Traders should watch whether prediction markets become a durable revenue stream for retail brokers as crypto volumes cool.
