--- title: "Robinhood event contracts revenue rises more than sixfold as crypto revenue falls by more than half" description: "Robinhood's third quarter 2026 results set prediction market revenue against a sharp drop in crypto, and net income fell 14%." url: https://business-finance.skoop.news/robinhood-doubles-down-on-event-contracts-as-crypto-revenue--ef364b/ published: 2026-10-28T07:33:26.711788-04:00 modified: 2026-10-28T07:33:26.711816-04:00 section: "Business & Finance" publisher: "skoop.news" language: en keywords: ["Robinhood", "Robinhood Chain", "Dubai Financial Services Authority", "Vlad Tenev", "Bitstamp", "CFTC-regulated", "Crypto.com", "DFSA-approved", "business", "trading"] hashtags: ["#RobinhoodChain", "#VladTenev", "#Business", "#entrepreneur"] image: https://thumb.wikimedia.org/wikipedia/commons/thumb/2/2d/Crypto_Passwords_%26_Security.jpg/1280px-Crypto_Passwords_%26_Security.jpg?utm_source=commons.wikimedia.org&utm_campaign=imageinfo&utm_content=thumbnail --- # Robinhood event contracts revenue rises more than sixfold as crypto revenue falls by more than half > Robinhood's third quarter 2026 results set prediction market revenue against a sharp drop in crypto, and net income fell 14%. Published 2026-10-28 · Updated 2026-10-28 · Business & Finance, [skoop.news](https://skoop.news/) ## In brief - Robinhood reported third quarter 2026 results on October 27, with event contracts revenue rising more than sixfold while cryptocurrency revenue fell by more than half [[1]](https://www.financemagnates.com/fintech/robinhood-doubles-down-on-event-contracts-as-crypto-revenue-drops-55/). - Event contracts generated $173 million in revenue, up more than sixfold [[1]](https://www.financemagnates.com/fintech/robinhood-doubles-down-on-event-contracts-as-crypto-revenue-drops-55/). - Robinhood launched its prediction markets hub in March 2025, allowing users to trade on political, economic and sports outcomes [[1]](https://www.financemagnates.com/fintech/robinhood-doubles-down-on-event-contracts-as-crypto-revenue-drops-55/). ## The quarter in brief Robinhood reported third quarter 2026 results on October 27, with event contracts revenue rising more than sixfold while cryptocurrency revenue fell by more than half [[1]](https://www.financemagnates.com/fintech/robinhood-doubles-down-on-event-contracts-as-crypto-revenue-drops-55/). The figures matter to anyone who trades crypto or prediction markets on the platform. Total net revenues rose 12% year over year to $1.42 billion [[1]](https://www.financemagnates.com/fintech/robinhood-doubles-down-on-event-contracts-as-crypto-revenue-drops-55/). Net income fell 14% to $476 million [[1]](https://www.financemagnates.com/fintech/robinhood-doubles-down-on-event-contracts-as-crypto-revenue-drops-55/). ## Event contracts and crypto side by side Event contracts generated $173 million in revenue, up more than sixfold [[1]](https://www.financemagnates.com/fintech/robinhood-doubles-down-on-event-contracts-as-crypto-revenue-drops-55/). Contracts traded rose more than sevenfold to a record 16.4 billion [[1]](https://www.financemagnates.com/fintech/robinhood-doubles-down-on-event-contracts-as-crypto-revenue-drops-55/). Cryptocurrency revenue fell 55% year over year to $120 million [[1]](https://www.financemagnates.com/fintech/robinhood-doubles-down-on-event-contracts-as-crypto-revenue-drops-55/). Crypto notional trading volumes dropped 38% to $50 billion [[1]](https://www.financemagnates.com/fintech/robinhood-doubles-down-on-event-contracts-as-crypto-revenue-drops-55/). Crypto volumes on the Robinhood app fell 48% to $21 billion [[1]](https://www.financemagnates.com/fintech/robinhood-doubles-down-on-event-contracts-as-crypto-revenue-drops-55/). The two businesses moved in opposite directions in the same quarter [[1]](https://www.financemagnates.com/fintech/robinhood-doubles-down-on-event-contracts-as-crypto-revenue-drops-55/). ## How the prediction markets business was built Robinhood launched its prediction markets hub in March 2025, allowing users to trade on political, economic and sports outcomes [[1]](https://www.financemagnates.com/fintech/robinhood-doubles-down-on-event-contracts-as-crypto-revenue-drops-55/). It first built the offering through Kalshi, the CFTC-regulated event contract exchange, and later took minority stakes in Crypto.com and its prediction markets business, OG [[1]](https://www.financemagnates.com/fintech/robinhood-doubles-down-on-event-contracts-as-crypto-revenue-drops-55/). CEO Vlad Tenev said in December of the prior year that Robinhood was at the very beginning of a prediction market supercycle, when it added NFL player contracts and parlay-style combos [[2]](https://decrypt.co/382004/robinhood-misses-q3-earnings-crypto-prediction-markets). ## Regulatory and crypto-side developments Connecticut state regulators issued cease-and-desist orders to several prediction market platforms, Robinhood among them, arguing that sports-linked contracts resembled unlicensed sports betting [[1]](https://www.financemagnates.com/fintech/robinhood-doubles-down-on-event-contracts-as-crypto-revenue-drops-55/). On the crypto side, Robinhood received authorization from the Dubai Financial Services Authority covering trading and custody across all ten DFSA-approved asset classes, including crypto [[1]](https://www.financemagnates.com/fintech/robinhood-doubles-down-on-event-contracts-as-crypto-revenue-drops-55/). It also announced a deal with Ripple that brings the RLUSD stablecoin to Robinhood Chain and Bitstamp, with an in-app rollout planned later this year [[2]](https://decrypt.co/382004/robinhood-misses-q3-earnings-crypto-prediction-markets). ## A caveat on Robinhood Chain fees Robinhood Chain's fees reflect on-chain activity and are not the same as Robinhood's reported crypto transaction revenue, and the company did not disclose how much of the chain fees it recognized as revenue [[3]](https://www.coindesk.com/markets/2026/10/27/robinhood-s-crypto-revenue-plunges-55-even-as-trading-platform-posts-record-sales). ## What this means for you If you trade prediction markets on Robinhood, the record 16.4 billion contracts traded show how much activity the hub now handles [[1]](https://www.financemagnates.com/fintech/robinhood-doubles-down-on-event-contracts-as-crypto-revenue-drops-55/). Connecticut regulators have issued cease-and-desist orders to platforms including Robinhood over sports-linked contracts [[1]](https://www.financemagnates.com/fintech/robinhood-doubles-down-on-event-contracts-as-crypto-revenue-drops-55/). If you trade crypto on the Robinhood app, volumes there fell 48% to $21 billion [[1]](https://www.financemagnates.com/fintech/robinhood-doubles-down-on-event-contracts-as-crypto-revenue-drops-55/). When you read the company's crypto revenue, keep in mind that Robinhood Chain fees are separate from reported crypto transaction revenue [[3]](https://www.coindesk.com/markets/2026/10/27/robinhood-s-crypto-revenue-plunges-55-even-as-trading-platform-posts-record-sales). ## Sources 1. [Robinhood Doubles Down on Event Contracts as Crypto Revenue Drops 55%](https://www.financemagnates.com/fintech/robinhood-doubles-down-on-event-contracts-as-crypto-revenue-drops-55/) — Finance Magnates 2. [Robinhood Misses Q3 Earnings as Crypto Revenue Rises and Prediction Market Bets Grow](https://decrypt.co/382004/robinhood-misses-q3-earnings-crypto-prediction-markets) — Yahoo Finance 3. [Robinhood (HOOD) earnings: Crypto revenue slumps, but tops diminished forecasts](https://www.coindesk.com/markets/2026/10/27/robinhood-s-crypto-revenue-plunges-55-even-as-trading-platform-posts-record-sales) — CoinDesk Image: Photo: Edwin.images / Wikimedia Commons, CC BY-SA 4.0 (https://commons.wikimedia.org/wiki/File:Crypto_Passwords_%26_Security.jpg) --- Written from the sources above and checked twice (rules and an independent model) before publishing. How we work: https://skoop.news/how-we-work/ · Corrections: https://skoop.news/corrections/