Gemini · Coinbase · CryptoSlate
Prediction markets bring Robinhood $173 million as crypto revenue slumps
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
Coinbase reported Oct. 29 that its prediction markets business had surpassed $200 million in annualized net revenue, adding another income stream as crypto trading platforms seek growth beyond digital asset transactions.
Key facts
- Gemini's second-quarter filing reported $524,000 in prediction-market revenue for the three months ended June 30, about 1.2% of total revenue of $45 million
- First-half prediction revenue of $968,000 implies a first-quarter contribution of $444,000, representing approximately 18% quarterly growth
- Robinhood earned $104 million from event contracts in the first quarter, $156 million in the second and $173 million in the third, according to its earnings materials and latest results
- The disclosure followed Robinhood's third-quarter results, in which event contracts generated $173 million against $120 million from cryptocurrencies
Summary
01 Robinhood earned $173 million from event contracts in Q3, exceeding crypto revenue and representing 12.1% of total net revenue. 02 Coinbase reported more than $200 million in annualized prediction-market net revenue, a measure distinct from actual quarterly revenue. 03 Gemini earned $524,000 from predictions in Q2, while several other venues disclosed products without comparable revenue contributions. The disclosure followed Robinhood's third-quarter results, in which event contracts generated $173 million against $120 million from cryptocurrencies.