Robinhood’s May Event Contracts Reach 3.9 Billion, Annualized Revenue Approximately $470 Million
Dragonfly investor Omar posted on X platform, stating that Robinhood released data today showing May was the highest trading volume month in the history of its prediction market, with event contract trading volume reaching 3.9 billion contracts, up 22% month-over-month. Based on a fee of 1 cent per contract, the prediction market’s annualized revenue is approximately $470 million. Additionally, driven by the World Cup being held in the United States, the platform’s June trading volume is expected to hit a historic high.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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