By Q3 2025, Robinhood’s prediction market platform was generating approximately $100 million in quarterly revenue, representing roughly 8% of the firm’s total top-line for the period. This growth was driven by the introduction of contracts modeled on prop and parlay bets in August, which immediately doubled the number of events traded. The segment’s performance contributed to a year-over-year revenue increase of 100% in the third quarter, helping offset declines in stock and crypto trading volumes during the summer months.

In Q3 2025, Robinhood processed 2.3 billion prediction-market contract trades, more than double the volume in Q2 after the football contracts launch. October 2025 saw a further increase to 2.5 billion trades, implying quarter-over-quarter growth of over 3x for the platform. Active users who engaged with prediction markets also showed elevated retention, with over 30% of those who traded football contracts in August returning for NBA and MLB markets in the following weeks, according to internal metrics shared with investors.

CTO Jeffrey Pinner sold 5,864 shares at an average price of $121.59 on January 5, 2026, realizing proceeds of $713,003.76; this reduced his direct ownership by 28.1% to 14,997 shares. Across the last three months, insiders have sold over 3.3 million shares valued at more than $400 million. Meanwhile, institutional ownership remains elevated at roughly 93%, with recent filings showing incremental stake increases by multi-billion-dollar asset managers during the fourth quarter of 2025.