Robinhood Says Crypto Prediction Contracts’ Share Is Rising and Could Surpass Sports Contracts
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AT A GLANCE
Robinhood CEO Vlad Tenev said crypto prediction contracts are gaining share, while sports contracts could decline to a minority within several years.
Article
Robinhood CEO: Crypto prediction contracts could surpass traditional sports betting within years
BlockBeats news,September 22, Robinhood CEO Vlad Tenev said that cryptocurrency-related prediction contracts are accounting for an increasingly large share of Robinhood's prediction market, and sports contracts could decline to a minority over the next few years.
In an interview with CNBC's Mad Money, Tenev said sports contracts had been an important entry point driving the growth of the prediction-market business, but other categories such as crypto are gaining a “disproportionate share.” Robinhood's 2026 Q2 event-contract revenue rose more than 10 times year on year to 156000000 USD，August contract trades reached 4700000000, approximately 2025 times the level in the same period of 15.
Robinhood currently operates its prediction market on Kalshi and provides related services through Rothera, a joint venture established with Susquehanna. It has also taken stakes in Crypto.com and its prediction-market subsidiary OG.com. Tenev said crypto prediction contracts allow users to directly translate their judgments on events such as markets and policy into trades.
Original link:https://m.theblockbeats.info/flash/368310
Key points
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BlockBeats news,September 22, Robinhood CEO Vlad Tenev said that cryptocurrency-related prediction contracts are accounting for an increasingly large share of Robinhood's prediction market, and sports contracts could decline to a minority over the next few years.
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In an interview with CNBC's Mad Money, Tenev said sports contracts had been an important entry point driving the growth of the prediction-market business, but other categories such as crypto are gaining a “disproportionate share.”
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Robinhood 2026 Q2 event-contract revenue rose more than 10 times year on year to 156000000 USD。
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August contract trades reached 4700000000, approximately 2025 times the level in the same period of 15.
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Robinhood currently operates its prediction market on Kalshi and provides related services through Rothera, a joint venture established with Susquehanna.
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Robinhood has taken stakes in Crypto.com and its prediction-market subsidiary OG.com.
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Tenev said crypto prediction contracts allow users to directly translate their judgments on events such as markets and policy into trades.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This report relays remarks by Robinhood CEO Vlad Tenev in an interview with CNBC's Mad Money. According to his description, sports contracts were previously a main entry point in Robinhood's prediction market, but other categories such as crypto are now capturing a “disproportionate share”; he expects sports contracts could decline to a minority over the next few years. The figures cited are that Robinhood's 2026 Q2 event-contract revenue rose more than 10 times year on year to 156000000 USD，August contract trades 4700000000, approximately 2025 times the level in the same period of 15. Structurally, Robinhood's prediction market operates on Kalshi and provides services through Rothera, a joint venture with Susquehanna. It has also taken stakes in Crypto.com and its prediction-market subsidiary OG.com. All of this information is attributed to the report's account.
Why it matters to readers
Prediction markets are a Robinhood business line, and the revenue growth multiple and number of trades cited in the article are direct measures for assessing its scale. The claim that crypto categories are gaining share while sports contracts could decline to a minority points to a potential shift in the product mix of prediction markets and involves cooperation and equity relationships among Kalshi, Rothera, Crypto.com, and OG.com.
Beginners can use this to understand concepts: prediction markets, which turn views on events into tradable contracts; event contracts, which settle based on an event outcome; and cooperation between trading platforms and underlying market operators, such as operating on Kalshi and providing services through a joint venture. The figures in the report are media-attributed remarks from the CEO and should be independently verified.
Risks and unknowns
Related Developments
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Figures such as revenue and the number of trades are attributed by the report to Tenev; the evidence does not provide company financial statements or other independent sources for verification.
The statement that sports contracts could decline to a minority over the next few years is the interviewee's expectation, not an established fact.
The evidence does not specify Rothera's ownership structure, business scope, or revenue attribution.
The evidence does not specify the exact product structure, compliance framework, or regulatory arrangements for crypto prediction contracts.
There is a discrepancy between the original publication time, the report's stated date of “September 22,” and the context timestamp (2026-09-21), which cannot be resolved.
Related concepts
Prediction Markets
An application scenario involving trading or betting on the outcomes of future events, whose settlement rules may serve as an exploitation point for a design flaw attack.
