Robinhood says more people are using its prediction tools for Bitcoin, gold, and oil, while sports bets struggle.

Oct 23, 2026, 1:54 PM ETMarketRead the original at Benzinga

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Robinhood says financial event contracts are growing quickly, and users often move on to its other products. Sports face legal challenges and short crypto contracts can cause sharp losses, but financial contracts and its planned 2027 Dubai launch add other growth paths.

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That could bring more people into several parts of Robinhood’s business, rather than relying on sports contracts alone. The company says these contracts may become its fastest-growing business. Sports contracts face pushback from state gambling regulators, and very short crypto contracts can cause fast, sharp losses. Robinhood has Dubai authorization, but its full product suite there is planned for 2027.

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