Chief Brokerage Officer Steven Quirk said contract activity reached 12.3 billion in the second quarter through June 25, while weaker institutional trading is expected to push crypto revenue below $134 million.
Robinhood’s prediction markets business has reached a $500 million annualized revenue run rate, Chief Brokerage Officer Steven Quirk said, underscoring how event-based trading is becoming a more meaningful revenue stream for the platform. In the second quarter through June 25, active contract volume was about 12.3 billion, implying at least $1.23 million in prediction market revenue at a 1-cent fee. The recently launched Rothera platform also generated more than 900 million trades in its first week, suggesting strong early user engagement. The report also pointed to softer conditions in digital assets, saying weaker institutional activity has reduced crypto trading volume and left second-quarter crypto revenue expected below $134 million.