Robinhood CEO Vlad Tenev said crypto-linked contracts already account for a sizable share of the company’s prediction market business and could become the dominant category over the next few years as sports contracts fall into the minority. The comments point to a broader category mix inside Robinhood’s event contracts business, which has posted sharp growth recently. According to company figures, event contract revenue reached $156 million in the second quarter of 2026, up more than 10x from a year earlier, while trading volume hit 13.6 billion contracts. In August, event contract volume came in at 4.7 billion contracts, roughly 15x higher year over year. Tenev said sports contracts had previously served mainly to attract users and build liquidity, but the prediction market business is now expanding into more categories, including crypto. The remarks were cited by Decrypt and relayed by Odaily.
Robinhood CEO Vlad Tenev said crypto-related contracts already make up a sizable share of the company’s prediction market business, and that share could grow enough over the next few years for sports contracts to become a minority category.
He said non-sports categories such as crypto are set to become a key direction for further expansion in prediction markets. In his description, sports contracts had mainly helped bring in users and establish liquidity in the earlier stage of the business.
Robinhood also disclosed recent growth figures for the segment. The company said event contract revenue reached $156 million in the second quarter of 2026, up more than 10x year over year, with trading volume totaling 13.6 billion contracts. In August, event contract trading volume was 4.7 billion contracts, about 15x higher than a year earlier.
The remarks were reported by Decrypt and carried in Chinese by Odaily.
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