Bernstein analyst projects $586 million revenue from prediction markets for Robinhood in 2026, citing World Cup and election volumes.
Robinhood (HOOD) stock climbed as much as 7% after a Bernstein analyst forecast a 286% revenue increase from prediction markets this year, reaching $586 million. The projection is based on $12 billion in 2025 volume and $16 billion year-to-date in 2026, driven by the World Cup and US elections.
Industry leader Kalshi saw record weekly volume of $4.5 billion in early June, while Polymarket’s World Cup betting volume hit $2 billion. Robinhood recently launched its own platform, Rothera, to compete on lower costs after partnering with Kalshi since late 2024.
The analyst noted growing institutional interest in prediction markets, positioning Robinhood to gain market share as the World Cup progresses.