{
  "id": 9772943,
  "title": "Robinhood’s Event Contracts Reach $156 Million as Sports Face Scrutiny",
  "url": "https://urgent.news/2026/09/25/robinhoods-event-contracts-reach-156-million-as-sports-face-scrutiny",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-25T12:30:00.000Z",
  "source": {
    "name": "ReadWrite",
    "slug": "readwrite",
    "url": "https://readwrite.com/prediction-markets-robinhood-revenue/"
  },
  "original_language": "en",
  "account": "Robinhood is expanding its prediction-market offerings beyond sports, with crypto-linked event contracts driving most activity on the platform. CEO Vlad Tenev anticipates sports contracts will eventually comprise a minority of the business. Event-contract revenue reached $156 million in Q2, with traded contracts hitting a record $13.6 billion. Both figures represent more than tenfold growth year-over-year. In June, Robinhood began directing event contracts to Rothera, a CFTC-licensed exchange and clearinghouse managed through a joint venture with Susquehanna International Group, which generated $17 million of that quarter's event-contract revenue. The company has also partnered with Crypto.com's prediction-market infrastructure to build a broader ecosystem. However, sports contracts remain a legal issue, as Missouri has ordered Robinhood to stop offering sports event contracts without a state sports-wagering license, and the company is appealing litigation in Michigan. Nevertheless, diversifying into non-sports categories could help Robinhood reduce its regulatory exposure. Interactive Brokers and Coinbase are also pursuing the same customers, with Interactive Brokers offering a unified interface that includes various prediction markets and Coinbase expanding its Everything Exchange strategy. Robinhood's success will depend on whether non-sports contracts can grow fast enough to offset regulatory challenges in sports without slowing business growth.",
  "summary": "Robinhood's prediction markets generated $156 million in Q2 as crypto and economic contracts expand beyond sports amid legal scrutiny. The post Robinhood’s Event Contracts Reach $156 Million as Sports Face Scrutiny appeared first on ReadWrite .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}