Robinhood Made $173 Million From Prediction Markets Last Quarter, More Than From Crypto. Can That Carry the Stock?

Robinhood's prediction market (event contracts) business surged 6x year-over-year to $173 million in Q3 2026, exceeding crypto revenue and helping offset a 55% decline in the crypto segment. While the prediction market business shows strong growth potential and could reach $1 billion+ in annual revenue, regulatory risks remain as the industry operates in a 'Wild West' phase with potential for future disruption.