Robinhood’s event contracts business generated $156 million in total revenue throughout the second quarter, officially surpassing the company’s crypto trading commissions, which stood at $100 million. Contributions to this segment partly came from the Rothera prediction market. Launched in June, the exchange has processed over 3.5 billion contracts since going live. A total of 2.1 billion contracts were executed in the second quarter, generating $17 million in standalone revenue. The expanding contract volume led Bernstein analysts to rank Rothera as the third-largest prediction market exchange in the United States.
These financial results buoyed by the non-crypto segment prompted Bernstein to maintain an Outperform rating for Robinhood shares (HOOD). The analysts set a price target of $160 per share, projecting an 81% upside from Thursday’s close. Goldman Sachs also maintained its buy recommendation for the brokerage, though it trimmed its target from $137 down to $118 - a figure that still leaves over 33% upside potential. HOOD shares traded at $88.55 on Friday, rebounding over 2% after sliding from $89.84 on Wednesday.
Network Expansion Amid Sluggish Crypto Volumes
While its prediction business accelerated, Robinhood’s crypto trading engine slowed down. Bernstein slashed its 2026 crypto revenue estimates for the brokerage by 49%, factoring in the broader slowdown in global crypto market trading volumes.
Despite weakening core revenues, Robinhood continues to build out its decentralized infrastructure. Its proprietary Robinhood Chain recorded over $12 billion in decentralized exchange (DEX) transaction volume across 150 million interactions since launching. Elsewhere, the Robinhood Earn service attracted over $200 million in user deposits.
Robinhood is also pursuing transaction volume outside the United States. Its tokenized stock products are now available to investors in over 120 countries through the Robinhood Wallet app. This tokenized equities offering opens the door for international retail investors who previously faced barriers accessing US capital markets. Simultaneously, Robinhood launched an automated trading agent platform (Agentic Trading) for all users, integrating artificial intelligence via the Model Context Protocol designed to handle specific investment tasks.
Critical Support for Shareholders
On the price chart, HOOD shares are not yet fully clear of selling pressure. The Bear-Bull Power technical indicator stands at -20.01. The price now hovers narrowly above the 200-day moving average (200-day MA) around $86.52.
This 200-day MA support level was briefly breached in previous trading before rebounding. If bearish momentum resumes control, the daily low at $83.68 will serve as the next test. For investors, placing buy orders in this vulnerable zone hoping for a rebound is akin to placing a wager on Robinhood’s own prediction market.
Reported via crypto.news.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
