{"id":4513,"date":"2026-07-29T23:44:47","date_gmt":"2026-07-29T23:44:47","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=4513"},"modified":"2026-07-29T23:44:47","modified_gmt":"2026-07-29T23:44:47","slug":"robinhood-cfo-details-surging-prediction-market-business-as-firm-posts-record-revenue-in-q2","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=4513","title":{"rendered":"Robinhood CFO details surging prediction market business as firm posts record revenue in Q2"},"content":{"rendered":"<div>\n<p>Total prediction market volume for Robinhood in Q2 surged to 13 billion contracts compared to 9 billion in the first quarter. Robinhood\u2019s success in the category, which lets users wager on events ranging from sports games to elections, recently led the CEO of industry leader Kalshi to cite the company as its chief rival.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=4511\">Hugging Face drops in-depth hack report, while OpenAI gives us 7 bullets. Here\u2019s what we know now, and what remains a mystery<\/a><\/p>\n<p>Overall revenue from prediction markets jumped from around $104 million in the first quarter to $156 million in Q2. According to Bill Birmingham, Managing Director at REX Financial, this translated to revenue of 1.15 cents per event contract.<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>On a call with reporters, Robinhood CFO Shiv Verma noted that, even as prediction market volume grows, the company has been seeking to lower the spread it collects from users, especially on less popular bets. To this end, Robinhood has been directing more transactions to Rothera, an in-house offering it manages with the market maker Susquehanna, which offers lower fees according to Verma. In the past, Robinhood has relied on Kalshi and other firms to operate the back end of its prediction market offerings, sharing a cut of the revenue.<\/p>\n<p>On the call, Verma called out other high points from the quarter\u2019s earnings, including 39% year-over-year growth in its subscription offering, Robinhood Gold, to 4.8 million customers. He also boasted of a record $22 billion in customer deposits, and said Robinhood\u2019s prudence in managing expenses have left the company in an enviable position when it comes to free cash flow.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=4509\">Dr. Fauci, the Lockdown Czar, just won\u2019t go away<\/a><\/p>\n<p>Wednesday\u2019s earnings didn\u2019t disclose only good news for Robinhood, however. The company\u2019s cryptocurrency business, which has in the past been a major source of revenue, continues to decline. The business brought in $100 million for the second quarter, a 38% decline from a year ago as the broader crypto market remains in a prolonged slump.<\/p>\n<p>Robinhood\u2019s stock, meanwhile, initially jumped on the earnings report but then gave up those gains. Following a day when the broader market dropped around 3% in response to the Federal Reserve\u2019s decision to hold interest rates steady, HOOD shares were trading around $89 after opening closer to $92.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=4507\">Beyond the Covid origins: Fauci\u2019s pandemic diary reveals a starstruck Julia Roberts and Trump gasping for oxygen<\/a><\/p>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Robinhood beat analyst expectations on several fronts though crypto revenue fell significantly.<\/p>\n","protected":false},"author":1,"featured_media":4512,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[501],"tags":[],"class_list":["post-4513","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-robinhood"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Robinhood CFO details surging prediction market business as firm posts record revenue in Q2 - Cross Country Moving Team<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crosscountrymovingteams.com\/?p=4513\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Robinhood CFO details surging prediction market business as firm posts record revenue in Q2 - Cross Country Moving Team\" \/>\n<meta property=\"og:description\" content=\"Robinhood beat analyst expectations on several fronts though crypto revenue fell significantly.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/crosscountrymovingteams.com\/?p=4513\" \/>\n<meta property=\"og:site_name\" content=\"Cross Country Moving Team\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-29T23:44:47+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=4513#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=4513\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#\\\/schema\\\/person\\\/1b8121bfb9a1c55d1fff3fca675fceaa\"},\"headline\":\"Robinhood CFO details surging prediction market business as firm posts record revenue in Q2\",\"datePublished\":\"2026-07-29T23:44:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=4513\"},\"wordCount\":410,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=4513#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/157fa84e76e4b6324a5e13e6e426d415.webp\",\"articleSection\":[\"Robinhood\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=4513#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=4513\",\"url\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=4513\",\"name\":\"Robinhood CFO details surging prediction market business as firm posts record revenue in Q2 - Cross Country Moving Team\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=4513#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=4513#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/157fa84e76e4b6324a5e13e6e426d415.webp\",\"datePublished\":\"2026-07-29T23:44:47+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#\\\/schema\\\/person\\\/1b8121bfb9a1c55d1fff3fca675fceaa\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=4513#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=4513\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=4513#primaryimage\",\"url\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/157fa84e76e4b6324a5e13e6e426d415.webp\",\"contentUrl\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/157fa84e76e4b6324a5e13e6e426d415.webp\",\"width\":1200,\"height\":600},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=4513#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Robinhood CFO details surging prediction market business as firm posts record revenue in Q2\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#website\",\"url\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/\",\"name\":\"Cross Country Moving Team\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#\\\/schema\\\/person\\\/1b8121bfb9a1c55d1fff3fca675fceaa\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/crosscountrymovingteams.com\"],\"url\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Robinhood CFO details surging prediction market business as firm posts record revenue in Q2 - Cross Country Moving Team","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/crosscountrymovingteams.com\/?p=4513","og_locale":"en_US","og_type":"article","og_title":"Robinhood CFO details surging prediction market business as firm posts record revenue in Q2 - Cross Country Moving Team","og_description":"Robinhood beat analyst expectations on several fronts though crypto revenue fell significantly.","og_url":"https:\/\/crosscountrymovingteams.com\/?p=4513","og_site_name":"Cross Country Moving Team","article_published_time":"2026-07-29T23:44:47+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/crosscountrymovingteams.com\/?p=4513#article","isPartOf":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=4513"},"author":{"name":"admin","@id":"https:\/\/crosscountrymovingteams.com\/#\/schema\/person\/1b8121bfb9a1c55d1fff3fca675fceaa"},"headline":"Robinhood CFO details surging prediction market business as firm posts record revenue in Q2","datePublished":"2026-07-29T23:44:47+00:00","mainEntityOfPage":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=4513"},"wordCount":410,"commentCount":0,"image":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=4513#primaryimage"},"thumbnailUrl":"https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/07\/157fa84e76e4b6324a5e13e6e426d415.webp","articleSection":["Robinhood"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/crosscountrymovingteams.com\/?p=4513#respond"]}]},{"@type":"WebPage","@id":"https:\/\/crosscountrymovingteams.com\/?p=4513","url":"https:\/\/crosscountrymovingteams.com\/?p=4513","name":"Robinhood CFO details surging prediction market business as firm posts record revenue in Q2 - Cross Country Moving Team","isPartOf":{"@id":"https:\/\/crosscountrymovingteams.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=4513#primaryimage"},"image":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=4513#primaryimage"},"thumbnailUrl":"https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/07\/157fa84e76e4b6324a5e13e6e426d415.webp","datePublished":"2026-07-29T23:44:47+00:00","author":{"@id":"https:\/\/crosscountrymovingteams.com\/#\/schema\/person\/1b8121bfb9a1c55d1fff3fca675fceaa"},"breadcrumb":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=4513#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/crosscountrymovingteams.com\/?p=4513"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/crosscountrymovingteams.com\/?p=4513#primaryimage","url":"https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/07\/157fa84e76e4b6324a5e13e6e426d415.webp","contentUrl":"https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/07\/157fa84e76e4b6324a5e13e6e426d415.webp","width":1200,"height":600},{"@type":"BreadcrumbList","@id":"https:\/\/crosscountrymovingteams.com\/?p=4513#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/crosscountrymovingteams.com\/"},{"@type":"ListItem","position":2,"name":"Robinhood CFO details surging prediction market business as firm posts record revenue in Q2"}]},{"@type":"WebSite","@id":"https:\/\/crosscountrymovingteams.com\/#website","url":"https:\/\/crosscountrymovingteams.com\/","name":"Cross Country Moving Team","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/crosscountrymovingteams.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/crosscountrymovingteams.com\/#\/schema\/person\/1b8121bfb9a1c55d1fff3fca675fceaa","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/crosscountrymovingteams.com"],"url":"https:\/\/crosscountrymovingteams.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/posts\/4513","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4513"}],"version-history":[{"count":0,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/posts\/4513\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/media\/4512"}],"wp:attachment":[{"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}