Morning Edition · Thursday, July 30, 2026Published at 1:29 AM EDT · New York
Robinhood Posts 1.31 Billion Dollar Quarter as Prediction Markets Offset Cooling Crypto
Event-contract income rose sharply while crypto trading revenue fell 38 percent to 100 million dollars, and Binance.US moved to enter regulated prediction markets.
Robinhood reported quarterly revenue of 1.31 billion dollars, which the company described as a record, as income from event contracts and prediction markets rose sharply. The revenue mix, however, was more complicated: crypto trading revenu…
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Prediction Markets Collide With Gambling and Securities Rules
As prediction markets scale into a mainstream forecasting and betting layer, regulators keep treating them as gambling or derivatives venues, pushing the contest between licensed centralized platforms and censorship-resistant decentralized ones.
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