TechFlow news, June 29, according to analyst Dr. Crossroads in an article, Robinhood's prediction market revenue is expected to surpass cryptocurrency revenue for the first time in Q2. As of June 25, Robinhood's Q2 event contract volume reached approximately 12.3 billion contracts; calculated at 1 cent per contract, prediction market revenue for this quarter is estimated at approximately $123 million, with an annualized run rate of $500 million; while dragged down by declining institutional trading volume, cryptocurrency revenue is expected to be lower than last quarter's $134 million.
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