John Todaro's questions to Robinhood Markets Inc (HOOD) leadership • Q1 2025
Question
John Todaro from Needham & Company asked for a breakdown of the $1 billion in prediction market contracts traded, specifically how much was related to sports versus other events.
Answer
CEO Vladimir Tenev clarified that just under half of the $1 billion in contracts traded over the last six months was related to sports, including March Madness, the Masters, NHL, and NBA. He stated that the team is focused on improving discoverability as more contracts are added and sees vast potential in this nascent asset class.