Ethereum · CryptoSlate
Robinhood’s expanding crypto bet meets a faster-moving prediction market boom
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Robinhood is pushing deeper into crypto infrastructure with the launch of its own blockchain network, tokenized stocks and decentralized lending products, even as one of its fastest-growing revenue opportunities may be forming outside crypto.
Key facts
- The report cited about 12.3 billion event contracts traded through June 25
- That figure would put prediction markets within reach of Robinhood’s first-quarter crypto transaction revenue, when the company reported $134 million
- Chief Executive Officer Vlad Tenev has described the company as near the beginning of a prediction-market cycle, and Robinhood executives have pointed to a $500 million annual revenue run rate
- On July 1, the brokerage launched the public mainnet for Robinhood Chain at a London event, marking its most direct move yet into onchain financial infrastructure
Summary
01 Robinhood launched the public mainnet for Robinhood Chain, its Ethereum layer-2 built on Arbitrum, plus tokenized stocks and lending products. 02 The push gives Robinhood more control over tokenized assets and new revenue lines beyond volatile crypto trading. 03 But prediction-market volumes may be event-driven, while Rothera’s regulatory path and post-World Cup demand remain uncertain. On July 1, the brokerage launched the public mainnet for Robinhood Chain at a London event, marking its most direct move yet into onchain financial infrastructure.