Robinhood has reported the strongest quarter in its history, but crypto was no longer the main trading story. Prediction markets generated $156 million in revenue during Q2 2026, overtaking the $100 million produced by cryptocurrency transactions.

The brokerage recorded total net revenue of $1.31 billion for the quarter ended June 30, representing 32% annual growth. Transaction-based revenue increased 44% to $776 million as rising activity in event contracts, options and equities offset another decline in crypto trading, according to Robinhood’s official Q2 2026 financial results.

Net income rose 48% from a year earlier to $573 million, while diluted earnings per share increased to $0.62. Adjusted EBITDA reached $741 million with a 57%…