Robinhood Forecasts $586M Prediction Market Revenue as World Cup Bets Surge
HOOD•Bernstein forecasts Robinhood’s prediction market revenue to surge from $150 million in 2025 to $586 million in 2026 as World Cup wagers jumped from $2.2 billion on June 11 to $4.8 billion on June 12 and could exceed $10 billion by July 19. The firm also noted record SpaceX IPO trading and launch of an IPO underwriting unit.
1. Soaring World Cup Prediction Market Volumes
World Cup betting on Robinhood’s prediction markets jumped from $2.2 billion in contract volume on June 11 to $4.8 billion on June 12, exceeding the $1.4 billion traded during this year’s Super Bowl and heading toward a potential $10 billion total by July 19.
2. Revenue Forecast Leaps to $586M in 2026
Bernstein projects Robinhood’s prediction market revenue will rise from $150 million in 2025 to $586 million in 2026, driven by heavy wagering on World Cup matches and growing user engagement on its betting platform.
3. Record SpaceX IPO Trading and New IPO Unit
Robinhood saw record trading volumes during the recent SpaceX IPO and has launched an IPO underwriting business, positioning it to capitalize on increased retail participation in equity offerings.
