Robinhood Markets reported record revenue for the second quarter, beating analyst expectations on multiple fronts, driven by a surge in trading activity and a tenfold increase in prediction-market revenues. The company’s prediction-market business, which allows users to trade on the outcomes of events such as elections and sports, saw explosive growth during the quarter, according to Robinhood’s CFO. However, crypto revenue fell significantly compared to the prior period, reflecting a broader slowdown in digital asset trading. The record performance comes amid heightened market volatility, which spurred a trading bonanza on the popular app. Robinhood did not provide specific figures for the prediction-market segment, but the surge highlights the platform’s expanding footprint beyond traditional stock and crypto trading. The company’s overall revenue hit an all-time high, though exact numbers were not disclosed in the preliminary reports. Analysts had expected strong results, but the scale of the prediction-market growth surprised many. The decline in crypto revenue, while notable, was offset by gains in other areas, including options and equities trading. Robinhood’s CFO emphasized the potential of prediction markets as a new growth driver, indicating the company plans to invest further in the feature. The second-quarter performance underscores Robinhood’s ability to capitalize on volatile markets while diversifying its revenue streams. The company is scheduled to release full financial details in its upcoming earnings report.