Robinhood's Fastest-Growing Business Isn't Trading Stocks

Key Points Event contracts brought in $156 million of second-quarter revenue -- more than 10 times what the line produced a year earlier. Prediction-markets volume averaged 152 million contracts a day in August -- 14 times the pace of a year earlier. The stock costs about 42 times expected 2027 earnings after a double-digit climb over the past week. 10 stocks we like better than Robinhood Markets › Robinhood Markets (NASDAQ:HOOD) built its brand on free stock trades. But the fastest-growing business it runs today isn't stock trading -- or options or crypto, either. It's prediction markets, where customers buy contracts that pay $1 if they call an outcome right (an election, say, or a football game) and nothing if they don't.