Robinhood Event Contracts Jump 136% as Crypto Trading Craters

Robinhood's prediction-market business is running hot while its crypto engine sputters. Customers traded 5.9 billion event contracts in October 2026, up 136% from 2.5 billion a year earlier, according to monthly operating data released after the close on Thursday, November 12, 2026. Over that same stretch, crypto notional volume — the total dollar value traded — fell by 48%, landing at $17.0 billion from $32.5 billion.

Event contracts are yes-or-no wagers on outcomes like games or economic data. The October tally climbed from 5.6 billion in September, and average daily volume hit 190 million, up 135% year over year.

Crypto weakness showed up everywhere. Robinhood app volume fell by 51%, landing at $6.8 billion, Bitstamp exchange volume declined by 45% to $10.2 billion, and daily crypto trades dropped by 36% to 0.7 million. Because both the app and the exchange slid, the pullback looks broad across crypto markets. Notional volume also fell by 21% from $21.4 billion in September, and since both Octobers had 31 trading days, the drop reflects genuinely lower activity.

The stock closed at $81.35 on November 12, down 3.82% in a session that ended before the release. It traded at $81.92 after hours as of 7:59 p.m. ET, a 0.70% gain. Even with that nudge, the shares sit about 42% below their one-year high of $139.75.

Net deposits reached $15 billion, though $6 billion of that came from the Dell family's gift to Trump Accounts, meaning the underlying pace is lower. Robinhood noted the operating figures are unaudited and preliminary.