Robinhood (HOOD) Stock: Event Contracts Revenue Surges 10X Despite Mounting Legal Challenges

Robinhood (HOOD) Stock: Event Contracts Revenue Surges 10X Despite Mounting Legal Challenges

Robinhood (HOOD) stock analysis: Event contracts revenue jumped 10X to $156M in Q2, but legal challenges from states threaten the prediction markets business.

Robinhood (HOOD) Stock: Prediction Markets Revenue Jumps 10X as Cramer Stays Bullish

TLDR Robinhood’s event contracts revenue hit $156 million in Q2, more than 10 times last year’s figure. Prediction markets volume averaged 152 million contracts a day in August, 14 times the year-ago pace. HOOD trades near $118, down about 2% today but up roughly 11% over the past week. The stock...

Robinhood Prediction Markets: Revenue Hits $156M

Robinhood prediction markets revenue reached $156 million as crypto and economic contracts help diversify its fast-growing business beyond sports.