Robinhood's prediction market revenue may surpass crypto in Q2

Revenue from Robinhood's prediction market business could surpass that of its cryptocurrency division as early as the second quarter of this year. According to Artemis Data, the volume of prediction market contracts on the platform for the second quarter reached approximately 12.3 billion as of June 25. This is estimated to have generated around $123 million in revenue, based on an average fee of $0.01 per contract. The figure is close to the $134 million in revenue generated by Robinhood's crypto division in the second quarter of last year.