Update
Robinhood Shifts Focus to Prediction Markets
Brokerage Robinhood reported $173 million in revenue from event contracts in the third quarter, more than its $120 million in crypto revenue. Crypto revenue declined 55% year-over-year, while total revenue rose 12% to $1.42 billion. Robinhood's Layer 2 network, Robinhood Chain, generated $26 million in crypto revenue, accounting for approximately 22% of total crypto revenue and contributing to a 20% increase from the previous quarter.