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News/Regulation
Regulation● Neutral

Robinhood hits record $1.4B revenue as prediction markets outpace crypto

TradingGain NewsroomTradingGain Newsroom··28 Oct 2026, 20:50 UTC

Robinhood reported record revenue of $1.4 billion, but its profit fell 14%, according to CryptoSlate. In Q3, prediction markets brought in $173 million, more than crypto's $120 million, while a state-federal regulatory fight over these markets continues.

Why it matters

  • Prediction markets earned more than crypto on Robinhood in Q3, $173 million versus $120 million.
  • A 14% profit drop suggests costs or losses are eating into record revenue.
  • The ongoing state-federal fight could raise compliance risks for prediction market activity.

What to watch next

Watch for any ruling or decision in the state-federal dispute over prediction markets, since it could shape how these products are offered.

This brief is written by TradingGain from public reporting by CryptoSlate.Read original ↗
Robinhood hits record $1.4B revenue as prediction markets outpace crypto
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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.