Robinhood's Crypto Fees Plummet as Customers Flock to Prediction Markets

Rohanhood's transaction-based revenues rose 44% year over year in the second quarter of 2026.

The company makes money from four main sources: stock trading, options trading, cryptocurrency trading, and event contracts (prediction markets).

Crypto fees fell 38% year over year, while prediction market fees rose too large to calculate. They're now 50% higher sequentially from the first quarter.

This shift raises concerns about long-term investors. If customers are just trying to get rich quick by investing in whatever is hottest at the moment, what happens when there's a deep, prolonged bear market?