Bernstein: Robinhood prediction market revenue to reach $1.7 billion by 2028

on October 26, according to Cointelegraph, analysts at Bernstein stated in a forecast shared on Monday that prediction markets could generate up to $1.7 billion in revenue for Robinhood by 2028, exceeding the company's projected $1.6 billion in cryptocurrency business revenue for the same year. Analysts expect Robinhood's prediction market revenue to rise from approximately $650 million this year to $1.7 billion in 2028, representing about 18% of its total 2028 revenue forecast of $9.4 billion. Bernstein raised its revenue estimates for Robinhood by 3% for 2026, 4% for 2027, and 3% for 2028, while keeping its $160 price target unchanged. The forecast comes a day before Robinhood's Q3 2026 earnings report. Bernstein projects the company's Q3 revenue will increase 13% quarter-over-quarter to approximately $1.5 billion.