Robinhood’s prediction market platform, launched in Q1 2025, generated approximately $100 million in quarterly revenue by Q3 2025. This segment has expanded beyond election contracts to include sports prop and parlay–style markets, positioning Robinhood to diversify away from its core stock and crypto trading revenues. Management projects that continued rollouts of NBA, MLB and other sports contracts will drive further revenue gains in 2026, potentially contributing 10–15% of total platform revenues by year-end.

Following the August 2025 debut of football prediction contracts, Robinhood more than doubled its prediction contract volume sequentially to 2.3 billion in Q3. Early Q4 data show 2.5 billion contract trades processed in October alone, implying roughly 3× sequential growth. This surge has coincided with a doubling of overall platform revenue year-over-year in Q3 and a notable uptick in new account sign-ups, particularly among users who subsequently engage in options and crypto trading.

In early January, CTO Jeffrey Tsvi Pinner sold 5,864 shares for proceeds of $713,003.76, reducing his stake by 28.1%. That sale followed two other transactions totaling over $1.4 million in December. While insider disposition can weigh on short-term sentiment, several brokerages have maintained bullish outlooks: Argus initiated coverage with a Buy rating and $145 target, JMP Securities raised its target to $170, and Goldman Sachs reiterated a Buy stance. Conversely, Zacks trimmed its rating to Hold, citing valuation risks and potential regulatory headwinds surrounding prediction markets.