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Robinhood Sees Surge in Prediction Market Trading Revenue

Guavy AI Editorial Team
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Bernstein has increased its price target for Robinhood Markets (NASDAQ: HOOD) from $130 to $160, citing the growing popularity of prediction markets.

In the second quarter of 2026, Robinhood generated $156 million in revenue from prediction-market trading, surpassing the company's equity and crypto trading revenue.

This shift towards prediction markets is seen as a 'generational shift' by Bernstein, driven by investors seeking alternative ways to make money in a bearish market cycle.

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