Crypto-related contracts are taking a disproportionate share of Robinhood’s prediction-market activity, CEO Vlad Tenev said, as the platform expands beyond sports. Robinhood reported $156 million in event-contract revenue in the second quarter of 2026, more than ten times the year-earlier level, making it the company’s fastest-growing business line. Contracts traded 4.7 billion times in August, about 15 times the year-earlier volume, while existing topic data puts second-quarter volume at 13.6 billion contracts. Tenev said sports contracts initially helped attract users and liquidity but would become a minority of the market within a few years. Robinhood launched its prediction-market offering through Kalshi, later added Rothera, its CFTC-licensed joint venture with Susquehanna, and recently took minority stakes in Crypto.com and its prediction-market spinoff OG.com. Sports contracts face legal challenges from states that classify them as gambling, while crypto contracts face fewer of those disputes. Tenev cited a market on the Clarity Act as an example of how users can trade views on crypto policy; Polymarket odds that the bill would pass fell from 35% to 11% before its failed cloture vote. The newsletter also linked renewed crypto volatility and market interest to stronger demand for crypto-related prediction contracts.