Update
Robinhood's Event Contracts Revenue Surpasses Crypto Transactions
Robinhood reported $173 million in event contracts revenue in the third quarter, compared to $120 million from crypto transactions. This represents 12.1% of total net revenue. Crypto revenue fell 55% year over year. Coinbase reported annualized net revenue of $200 million from its prediction markets business, showing the growing financial role of prediction markets in crypto trading platforms.