Prediction Markets to Generate $1.7B for Robinhood, Exceed Crypto Revenue by 2028: Bernstein
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7 Articles
Bernstein: HOOD Prediction Markets Could Reach $1.7B Revenue by 2028
Prediction markets are starting to look less like a side project and more like a potential earnings engine for Robinhood Markets. In a note discussed with Cointelegraph, Bernstein analysts forecast that prediction market revenue could climb to as much as $1.7 billion by 2028—an amount they estimate could overtake revenue Robinhood earns from crypto trading [...]
Bernstein expects Robinhood's forecast marketplace revenue to reach $1.7 billion in 2028, surpassing his crypto prediction of $1.6 billion; the third-quarter report is being released Monday.
Bernstein estimates that Robinhood's predictive markets could generate $1.7 billion in 2028, above the $1.6 billion that the firm projects for cryptocurrencies-related revenues.
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