Prediction markets become a bigger revenue line for Robinhood and Coinbase
BROBROK News · Based on reporting by CryptoSlate ·
Robinhood said event contracts generated $173 million in the third quarter, more than its crypto revenue for the period. Coinbase also said its prediction markets business has passed a $200 million annualized net revenue milestone, while Gemini's contribution remained much smaller.
Key points
- Robinhood generated $173 million from event contracts in Q3.
- Crypto revenue at Robinhood fell 55% from a year earlier.
- Coinbase said prediction markets topped $200 million in annualized net revenue.
- Gemini reported $524,000 in prediction-market revenue in Q2.
- Other venues, including Crypto.com, Bybit, Phemex and OKX, also expanded prediction offerings.
Why it matters
The results show prediction markets are emerging as a meaningful revenue source for some trading platforms, helping diversify away from crypto transaction fees. The scale, however, remains uneven across exchanges and apps.
Original headline: “Prediction markets bring Robinhood $173 million as crypto revenue slumps”
Read the original on CryptoSlate
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.