Robinhood CEO: Cryptography will surpass the sports betting market
2026-09-22 05:54:48
CoinMeta data: Robinhood CEO Vlad Tenev indicates that the crypto market is about to have a significant impact on sports betting, similar to the impact that Robinhood had on Wall Street commissions. In his program “Crazy Money” on CNBC, he pointed out that crypto-related contracts have already occupied a large share of Robinhood’s predictive market business and predicts that sports betting will become one of the few dominant areas in the coming years. In the second quarter of 2026, the revenue from Robinhood’s event contracts increased by more than ten times year-over-year, reaching $156 million, making it the company’s fastest-growing business line.
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Source:Decrypt
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