Bernstein Sees Robinhood Prediction Markets Adding $1.7B by 2028
Analysts raised Robinhood revenue estimates, projecting prediction markets will outpace crypto and generate $1.7B by 2028.
Bernstein analysts have lifted their revenue forecasts for Robinhood through 2026 and 2028, betting that the company's prediction markets business will emerge as a dominant growth engine, surpassing even its cryptocurrency trading segment in the years ahead.
The research firm projects that prediction markets could contribute approximately $1.7 billion to Robinhood's revenue by 2028, a figure that would exceed the platform's crypto-related income. The forecast reflects growing institutional confidence that regulated prediction markets are transitioning from niche products into mainstream financial instruments.
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Despite the upward revision to revenue estimates, Bernstein held its price target for HOOD shares steady at $160, signaling that the stronger outlook had already been factored into the firm's valuation model or that analysts see near-term risks that offset the longer-term opportunity.
Robinhood has been expanding its product suite aggressively, moving well beyond its origins as a zero-commission stock trading app. The addition of prediction markets represents a strategic push into an emerging category that has drawn significant regulatory and investor attention in the United States following the mainstream success of event-contract platforms.
The Bernstein projection underscores a broader shift in how Wall Street is beginning to price in the monetization potential of prediction markets for established retail brokerages. Continue reading at Cointelegraph.
