Robinhood reports 15x year-over-year growth in event contracts

Robinhood’s event contracts business grew roughly 15 times year-over-year in August, capping off a stretch that has turned what was once a side experiment into the company’s most important revenue line.

The numbers behind the surge

During the second quarter of 2026, Robinhood pulled in $156 million in revenue from event contracts alone. That figure was more than 10 times what the segment generated in the same quarter last year.

For context, equity trading revenue came in at $129 million in Q2. Crypto revenue trailed further at $100 million. Prediction markets didn’t just grow fast. They lapped the company’s legacy businesses.

A total of 13.6 billion event contracts changed hands in Q2 2026, feeding into Robinhood’s total quarterly net revenue of $1.31 billion. Since the product launched roughly two years ago, cumulative trading volume has blown past 45 billion contracts, with more than 30 billion of those coming in just the first eight months of 2026.

How Robinhood built a prediction market empire

In June 2026, Robinhood launched Rothera, a CFTC-licensed joint venture exchange purpose-built for event contracts. Rothera has already processed billions of contracts since going live. Robinhood also maintains partnerships with platforms like Kalshi and ForecastEx to route contracts, broadening liquidity access for its users.

The contracts themselves work like simplified binary options. Each one is priced between $0.01 and $0.99, with the price reflecting the market’s implied probability of an outcome occurring. If you think something is 70% likely and the contract trades at $0.55, you see value. If you’re wrong, you lose your stake. If you’re right, the contract settles at $1.00.

The product catalog has expanded significantly. What started with politically themed contracts now spans player-specific sports bets, broader sporting event outcomes, and an upcoming election hub. Two big catalysts for the August numbers: the 2026 FIFA World Cup and the NFL season kicking off, both of which created natural spikes in contract activity.

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