Share Continues to Expand, Robinhood CEO Expects Crypto Prediction Contracts to Surpass Traditional Sports Betting Within Years

Odaily reports that Robinhood CEO Vlad Tenev stated that cryptocurrency-related prediction contracts are taking an increasingly large share of Robinhood's prediction market, and he expects sports-related contracts may decline to a minority within the next few years. Robinhood's event contract revenue in the second quarter of 2026 grew more than 10x year-over-year to $156 million, with contract trading volume reaching 4.7 billion trades in August, approximately 15 times that of the same period in 2025. Robinhood currently builds its prediction market on Kalshi and provides related services through Rothera, a joint venture established with Susquehanna, while also having taken a stake in Crypto.com and its prediction market subsidiary OG.com.