CoinScoopRobinhood CEO Predicts Shift in Prediction Markets Toward Crypto and Away from Sports
Robinhood CEO Vlad Tenev stated that prediction markets are expanding beyond sports, with crypto-related contracts gaining significant share. He expects sports to become a minority of the market within a few years. In Q2 2026, Robinhood's event contract revenue reached $156 million, surpassing its crypto trading revenue. The company's proprietary exchange, Rothera, launched in June and processed over 3.5 billion contracts by the end of July.
Summaries are written by AI from the original article. Not investment advice.