TLDR CEO Vlad Tenev says crypto event contracts are taking a growing share of Robinhood’s prediction markets He expects crypto contracts to outpace sports bets within a few years Event-contract revenue jumped more than tenfold year over year to $156 million in the second quarter of 2026 Contracts traded 4.7 billion times in August 2026, about 15 times the volume from a year earlier Robinhood took minority stakes in Crypto.com and its spinoff OG.com this month
Robinhood CEO Vlad Tenev says crypto contracts are becoming a bigger part of the company’s prediction markets business than sports betting.
He made the comments during an interview with Jim Cramer on CNBC’s “Mad Money.”
Tenev said crypto categories are already grabbing an outsized share of trading activity on Robinhood’s platform. He expects sports wagers to become the smaller category within a few years.
“We’re already seeing other categories like crypto taking a disproportionate share,” Tenev said. “I think within a few years, sports will actually be in the minority.”
Prediction markets, also called event contracts, let people trade on whether something will happen. Examples include a Federal Reserve rate decision, an election outcome, or a sports result.
These trades are regulated by the Commodity Futures Trading Commission as derivatives. That is different from traditional sports betting, which is regulated at the state level.
Tenev called sports contracts a “wedge” that helped launch the business. He said sports brought in early users and liquidity, but the category is now expanding into other areas.
Event Contract Revenue Surges
Robinhood’s event-contract revenue reached $156 million in the second quarter of 2026. That is more than ten times higher than the same period last year.
Prediction markets are now the fastest-growing part of Robinhood’s business. Crypto trading revenue, by comparison, actually declined during the