Robinhood's May prediction market event contracts reach 3.9 billion, annualized revenue approximately $470 million

Odaily Planet Daily News: Dragonfly investor Omar stated on the X platform that Robinhood released data today, showing that May was its largest trading month for the prediction market. The trading volume of prediction market event contracts reached 3.9 billion, a month-over-month increase of 22%. Calculated based on a commission of 1 cent per contract, the annualized revenue of its prediction market is approximately $470 million. Additionally, with the World Cup being held in the United States, the platform's June trading volume is expected to hit a record high.