Morning Minute: Robinhood CEO Bets Crypto Will Beat Sports at Prediction Markets

GM!

Today’s top news:

• Crypto majors grind higher as BTC hits $86k
• BTC ETFs see monster $999M in inflows, most since Oct 2026
• Tokenized stock venues may be able to apply as soon as Q4
• X shares new promo video for Cashtag Program allowing trading from the timeline
• Onchain protocols see big revenue day, though onchain leaders cool off

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🎲 Robinhood CEO Bets Crypto Will Beat Sports at Prediction Markets

Robinhood CEO Vlad Tenev told Jim Cramer on Mad Money that crypto contracts are already taking a disproportionate share of Robinhood’s prediction markets business, and that within a few years “sports will actually be in the minority.” He called sports a wedge for bringing in liquidity and users, and said the industry is expanding far beyond it.

Robinhood’s event-contract revenue jumped more than tenfold year over year to $156 million in the second quarter, making it the company’s fastest-growing business line. Contracts traded 4.7 billion times in August, roughly 15 times the year-earlier volume. Over the same stretch, Robinhood’s crypto trading revenue fell.