Overview
- Robinhood shares rose about 5.7% to $77.88 in recent trading, according to Benzinga.
- Crypto revenue fell 47% year over year to $134 million in the first quarter of 2026.
- “Other transaction” revenue, driven by event contracts that let users trade on real‑world outcomes, reached $147 million, up about 320% from a year ago, with contracts traded up 4% from the prior quarter.
- Robinhood backed a proposed rule to bar slot‑machine and roulette‑style offerings in prediction markets, signaling a focus on price‑discovery products over gambling‑like bets.
- The company plans a mid‑2026 exchange joint venture with Susquehanna focused on event contracts, building on a base of roughly 27 million funded accounts and about $322–$324 billion in customer assets.