Robinhood CEO predicts crypto event-contracts will surpass sports markets

Robinhood CEO Vlad Tenev stated that crypto-linked event contracts are capturing a significant share of the platform's prediction market business. He expects sports-related wagers to become a minority within a few years as crypto contracts grow, largely avoiding the legal challenges currently facing sports-betting platforms like Kalshi and Polymarket. Robinhood is also expanding its infrastructure, including a joint venture with Susquehanna to acquire the crypto exchange MIAXdx.