Prediction Markets to Generate $1.7B for Robinhood, Exceed Crypto Revenue by 2028: Bernstein
Ecosystem
English | News | Markets | Features | Research | Opinion | Podcasts | Newsletters | Commissioned | About
Cryptocurrency Prices:
- DOGE: $0.07750 (1.54%)
- TRX: $0.3296 (0.19%)
- LINK: $11.32 (0.04%)
- ZEC: $1,222.98 (2.57%)
- ADA: $0.2041 (1.27%)
- XRP: $1.29 (1.32%)
- ETH: $2,315.31 (0.59%)
- BTC: $79,854.19 (0.36%)
- XMR: $607.49 (2.69%)
- BNB: $740.12 (0.60%)
- XLM: $0.1684 (0.70%)
- SOL: $100.27 (0.31%)
- HYPE: $77.87 (2.92%)
Key Takeaways:
- Bernstein analysts predict HOOD’s prediction markets will generate $1.7 billion by 2028, surpassing projected $1.6 billion crypto-based revenues for that year.
- This revenue stream is expected to account for approximately 18% of Robinhood's projected $9.4 billion total revenue in 2028.
- Bernstein raised Robinhood’s revenue estimates for 2026, 2027, and 2028 while maintaining a $160 price target, based on higher equity and crypto revenue assumptions.
- Robinhood's Q3 2026 revenue is projected to increase 13% quarter-over-quarter to around $1.5 billion, driven by growing trading volumes in equities, options, event contracts, and crypto.
Article Source:
Bernstein analysts’ forecast shared with Cointelegraph on Monday, highlighting the growing importance of prediction markets for Robinhood's revenue.
Related Stories:
- AI company Anthropic announces IPO, expected as early as November
- NBA names Kalshi, Polymarket preferred exchanges, signs CFTC deal
- AI agents help rescue ETH’s Glamsterdam fork, ‘Steal My Bitcoin’ site: Hodler’s Digest