Robinhood closed 2025 with record revenue.  Robinhood prediction markets revenue is still a small part of the overall business, yet trading volumes show clear momentum. The wider group remains primarily a financial services platform.

  • Full-year 2025 revenues rose 52% to USD 4.5bn (ca. EUR 3.8bn).  Most of this still comes from non-gambling sources such as equities,  options and interest income. But prediction markets are now firmly part of the transaction mix.

  • The gambling-linked segment sits within event contracts, while Robinhood reported 8.5 billion event contracts traded in Q4 2025 and 12 billion across the full year of 2025. These contracts allow users to trade on event outcomes, functioning similarly to betting markets though structured as regulated financial products.

  • Robinhood prediction markets revenue is included in transaction-based revenues, meaning its precise share of the USD 776m (ca. EUR 654m) Q4  2025 total is not broken out. However, the sharp rise in contract volumes suggests its contribution is increasing.

  • By comparison, crypto revenue fell 38% year-on-year to USD 221m (ca. EUR 186m) in Q4 2025. Options revenue, a more established derivatives product, rose 41%. This indicates that while prediction markets are expanding, they remain smaller than core derivatives trading.

  • From a regulatory and business model perspective, the distinction is clear. Equities, retirement accounts and banking services are non-gambling financial products. Event contracts, with fixed USD 1 (ca. EUR 0.8) settlement values tied to real-world outcomes, mirror betting mechanics and represent the closest link to gambling-style revenue within Robinhood’s portfolio.

  • Robinhood defines “Event Contracts Traded” as “the total number of event contracts bought or sold over a specified period of time” via the Prediction Markets Hub which was launched in March 2025.  Traders are speculating on the outcome of a specific event(s) usually structured around “Yes” or “No” results, and these contracts fluctuate in price based on a projected result(s). A trader is paid out if the position held corresponds with the correct result of the event (or the position expires without value).

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