ROBINHOOD NOW EARNS MORE FROM PREDICTION MARKETS THAN FROM STOCKS OR CRYPTO

Summary from the TLDR Fintech newsletter

Robinhood's Q2 earnings included data showing prediction markets overtook crypto and stock trading for the first time. Transaction revenue was $776m, up 44%. Options did $342m, event contracts did $156m, equities did $129m, and crypto did $100m, which fell 38% YoY. The company also posted record Q2 revenue of $1.31bn, up 32% YoY, with diluted EPS of $0.62 against a consensus nearer $0.42.