Robinhood Q1 crypto revenue plummeted 47%, leaving only $134 million

But overall revenue increased by +15%, surpassing $1.07 billion
What saved it? Market predictions betting
Retail investors no longer buy bitcoin:native, they start betting on "Will Trump's tariffs be revoked" or "Will GDP turn negative"
Changed the betting table, the essence is the same, but this table is more mainstream, with lower barriers, and regulation is easing
I believe, this is not a transitional phenomenon, but one of the main tracks in the next cycle
- The CFTC has been suing state governments continuously to preserve federal jurisdiction over prediction markets
- Polymarket just applied for a license, preparing to reopen the U.S. market
- Robinhood's financial report already shows with data: money is flowing here
Crypto narratives temporarily lose appeal, prediction markets are quietly filling the gaps
You may not believe in it, but you can't say it's not a real demand
So I have a question for you
Is the shrinking crypto trading volume a normal market correction in a bear market, or are retail investors permanently migrating to new tracks?
What do you think?
#PredictionMarkets #Robinhood #BTC
DYOR