Robinhood financial growth and strategy evolution

Robinhood reports record $1.31B Q2 revenue as prediction markets surge

Bernstein lifts Robinhood target to $160, sees prediction markets revenue overtaking crypto

Robinhood Chain mainnet went live.

On July 1, 2026, Robinhood Chain mainnet went live, introducing an Ethereum layer-2 network designed specifically for tokenized real-world assets. The launch marked a significant step in Robinhood's strategy to expand beyond traditional crypto trading.

Within its first 30 days, the chain cleared over $600 million in daily decentralized exchange volume and logged 138 million transactions. It quickly crossed $400 million in total value locked and was on track to process nearly $200 billion in yearly DEX volume, generating approximately $50 million in annual chain fees. Tokenized stock daily volume surged from $5 million to $60 million in under two weeks.

Analysts at Bernstein cited Robinhood Chain as a key revenue driver, contributing to a revised price target of $160. The network's rapid adoption underscored its role in reducing Robinhood's reliance on traditional crypto trading and supporting new revenue streams such as prediction markets and tokenized equities.

Agentic trading launched on the platform.

Agentic trading was launched on the platform on May 27, 2026. This initial version of the feature supported equities and options, with plans to integrate crypto assets shortly thereafter.

At the time of its launch, the feature successfully gained nearly 100,000 accounts.

Rothera prediction markets exchange went live.

Robinhood launched its prediction markets exchange, Rothera, in May 2026. The exchange is a US Commodity Futures Trading Commission (CFTC)-licensed joint venture with Susquehanna International Group, as reported in analyst notes and company statements.

Since going live in late May, Rothera has processed more than 3.5 billion contracts. FIFA World Cup markets make up about 93% of Rothera's activity, and CEO Vlad Tenev called the World Cup 'really a proof of concept' for the platform.

Analysts at Bernstein cited prediction markets as a key revenue driver for Robinhood, expecting prediction market revenue to grow 64% annually between 2026 and 2028 to nearly $1.7 billion. By Q2 2026, prediction markets were reported to have generated $156 million in revenue, up more than 10x year-over-year, with Robinhood routing some event contracts through Rothera while still using partner Kalshi.