Robinhood’s prediction market saw 3.9 billion event contracts in May, with an annualized revenue of approximately $470 million

Odaily Planet Daily reported that Dragonfly investor Omar posted on X, stating that Robinhood released data today showing that May was its prediction market's highest-volume month ever, with 3.9 billion event contracts traded, a 22% month-over-month increase. Based on a fee of $0.01 per contract, the prediction market’s annualized revenue is approximately $470 million. Additionally, due to the World Cup being held in the United States, the platform’s trading volume in June is expected to hit a new all-time high.