Prediction Markets May Outpace Robinhood's Crypto Revenue

Analysts have raised revenue projections for Robinhood for the years 2026 through 2028. This growth will be driven primarily by the expansion of prediction markets on the platform.

Expectations are that these event contracts will reach $1.7 billion in revenue by 2028. This figure would exceed the estimated $1.6 billion in revenue coming specifically from the cryptocurrency segment during the same period.

The current volume of prediction markets is expected to jump from about $650 million this year to the projected amount. This category will represent approximately 18% of the company's total revenue, which is expected to reach $9.4 billion by the end of 2028.

For the third quarter of 2026, revenue is forecast to increase by 13% compared to the previous quarter. This performance reflects higher volumes in stocks and options, alongside a recovery in digital asset trading.

Revenue estimates were adjusted upward by as much as 4% for the coming years. Despite these positive revisions, the company's stock price target on the Nasdaq was maintained at $160.