Bernstein Report: Prediction Markets Will Drive the Growth of Robinhood and Coinbase

PANews reported on November 7th, citing Bloomberg, that Bernstein released a report stating that prediction markets are entering mainstream finance and becoming an investable asset class. Robinhood's prediction market trading volume reached approximately $ 2.3 billion in the third quarter, and $ 2.5 billion in October ; at current levels, this equates to approximately $ 300 million in annualized revenue. Coinbase plans to integrate prediction markets into its " Everything Exchange , " combining them with crypto, tokenized stocks, and stablecoins, with an announcement expected later this year as a key product. The report also mentions Kalshi and Polymarket's efforts to improve compliance and accessibility, indicating a shift towards more relaxed regulations and accelerated integration between institutional and retail markets.

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