Robinhood's prediction markets revenue jumped 10x year-over-year to $156M in Q2 2025, now exceeding stock trading revenue.
DeFi & Yields ·
Robinhood's prediction markets business generated $156 million in revenue during the second quarter of 2025, representing a more than tenfold increase from the same period a year earlier. The growth was significant enough that prediction markets revenue exceeded the company's stock trading revenue for the first time.
The surge reflects mounting user interest in event-based betting products at a time when traditional crypto and equity trading volumes have faced cyclical pressures. Robinhood demonstrated resilience during the crypto market slowdown, with its diversified revenue streams insulating it from the volatility that other platforms experienced as trading activity softened.
The shift underscores a potential structural change in Robinhood's revenue mix, though the sustainability of prediction markets' growth trajectory and whether it will remain the company's primary revenue driver remain to be tested in future quarters.