Robinhood's Crypto Revenue Tanks 47%, Gap Filled by Prediction Markets | CoinDesk Daily

CoinDesk Podcast Network

CoinDesk

Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 29 April 2026

⏱️ 1 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Robinhood's crypto revenue fell 47% in the quarter. Robinhood missed earnings after crypto trading revenue fell 47% to $134 million in Q1. But event contracts surged 320% to $147 million as users traded a record 8.8 billion prediction market contracts. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Transcript

Click on a timestamp to play from that location

0:00.0	Robin Hood's crypto revenue crashes 47%, and the CFTC wants AI to review registration applications.
0:11.8	Robin Hood missed first quarter earnings and revenue estimates after crypto trading revenue fell 47% to $134 million.
0:19.4	CEO Vlad Tennev said he wants to get away from talking about the price of Bitcoin and position crypto as infrastructure, not a trading product.
0:27.4	The gap was filled by prediction markets.
0:29.6	Event contracts generated $147 million in the quarter, up 320% year over year.
0:35.4	Bitcoin has rebounded to around $77,500 since President Trump's comments on an extended
0:41.3	U.S. naval blockade of the Strait of Ormuz.
0:44.0	That's according to a report from the Wall Street Journal.
0:46.6	Brent crude surged on the news, putting fresh pressure on inflation expectations ahead of today's
0:51.1	Fed rate decision.
0:51.8	The CME Fed Watch tool shows a 100% chance that the central
0:56.4	bank will keep rate steady for now. And the CFTC is leaning on AI to make up for cutting more than a
1:01.8	fifth of its workforce under President Trump. Chairman Mike Seelig told CoinDesk the agency is building
1:07.3	automated systems to review crypto registration applications and monitor trading.
1:12.3	Staff are being trained on Microsoft co-pilot with in-house tools under development for swap
1:17.6	data and market surveillance. Get more updates on coin desk.com.

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CoinDesk, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CoinDesk and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.