Bernstein Forecasts Upside for Coinbase, Robinhood Prediction Market Revenue

As the company itself has said, prediction markets represent Robinhood Markets’ (NASDAQ: HOOD) fastest-growing business on record and that’s prompting some bullish sell-side commentary. In a report out Monday, Bernstein analyst Gautam Chhugani reiterated the view that Robinhood’s prediction market revenue will hit $1.7 billion in 2028, slightly eclipsing the $1.6 billion the analyst expects the company will generate from cryptocurrency trading. In boosting top-line estimates for Robinhood by 3% for 2026, 4% for 2027 and 3% for 2028, Chhugani estimates that event contracts will drive $650 million in revenue for the brokerage house this year, implying that figure is…