Robinhood Prediction Markets to Reach $1.7B by 2028 — SkimNews
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- Bernstein projects Robinhood’s prediction-market revenue to rise from about $650 million this year to $1.7 billion in 2028, roughly 18% of projected $9.4 billion in total revenue.
- Robinhood prediction-market revenue is forecast to exceed its crypto-derived revenue in 2028, $1.7 billion versus $1.6 billion.
- Robinhood revenue estimates were raised by 3% for 2026, 4% for 2027 and 3% for 2028, while Bernstein kept its $160 price target unchanged on higher equity and crypto revenue assumptions.
- Robinhood’s third-quarter 2026 report arrives a day after Bernstein’s forecast, which projects revenue rising 13% quarter over quarter to around $1.5 billion on equity notionals, options and event-contract volumes, plus recovering crypto trading volume.
- Robinhood shares were poised to open down Monday at a premarket price of $93.60 and were down more than 29% over the prior 12 months.
Why it matters: For Robinhood, prediction markets are projected to account for roughly 18% of 2028 revenue and exceed the $1.6 billion crypto line, materially shifting its revenue mix. That sits alongside Bernstein’s upward revisions of 3% for 2026, 4% for 2027 and 3% for 2028.
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