According to Dr. Crossroads’ analysis, Robinhood’s prediction market revenue could surpass its crypto revenue as early as Q2. As of June 25, Robinhood’s Q2 event contract volume was approximately 12.3 billion contracts; at a $0.01 per-contract fee rate, the quarterly revenue would be at least approximately $123 million, with an annualized run rate of about $500 million. Some of the growth was driven by World Cup event contracts. Robinhood has recently launched its prediction market platform, Rothera, which recorded first-week trading volume exceeding 900 million contracts; if it is separate from in-app trading volume, it could add nearly a 60% increase to its event contract volume. The article states that Robinhood’s crypto trading revenue is affected by weakening institutional trading volume, and Q2 may be below $134 million. The sustainability of trading volume after the World Cup, Rothera’s early monetization model, and regulatory uncertainty around international expansion remain the key risks.