Robinhood Prediction Market Revenue Could Reach $1.7B by 2028

Robinhood’s prediction market business is attracting optimistic forecasts from analysts. One such example comes from Bernstein, which is expecting revenue from event contracts to go over the company’s cryptocurrency trading income by 2028. Analyst Gautam Chhugani reiterated his forecast that Nasdaq-listed Robinhood Markets could generate $1.7 billion in prediction market revenue in 2028, thus positioning the figure slightly ahead of the $1.6 billion projected from cryptocurrency trading. In a report released at the start of the week, the analyst also raised his overall revenue estimates for Robinhood by 3% for 2026, 4% for 2027 and 3% for 2028.

Source: GamblingNews