Robinhood CEO says crypto may overtake sports in prediction markets

Robinhood CEO Vlad Tenev said cryptocurrency-related contracts could account for a larger share of prediction markets than sports in the future, according to Decrypt. Tenev said crypto-linked contracts already make up a notable portion of Robinhood’s prediction market business, while the share of sports-related contracts could fall below half within the next few years. He added that non-sports segments, including crypto, are expanding faster than expected and the market’s composition could shift significantly.