Analysis: Robinhood's prediction market revenue is expected to surpass cryptocurrency revenue in Q2

CoinFeed reported on June 29, according to an analysis report released by Dr. Crossroads, Robinhood's prediction market business is growing rapidly. As of June 25, Robinhood's Q2 prediction market revenue was about $123 million, with an annualized run rate of $500 million, with significant contribution from World Cup event contracts. Robinhood's partnership model with Kalshi charges customers 2 cents per contract (Robinhood and Kalshi each receive 1 cent). Its self-built platform Rothera had a trading volume of over $900 million in its first week of launch. Robinhood plans to reduce customer pricing to 0.6 cents per contract through vertical integration, while retaining more economic benefits. The launch of Rothera marks Robinhood's shift from a revenue-sharing model to operating its own infrastructure.