Robinhood posts $1.31B Q2 revenue as options, equity, and event contracts surge. Net income jumps 48% with net deposits hitting $21.7B.

Robinhood could see strong second quarter financial results and/or third quarter guidance thanks to new products launched this year.

Robinhood posted a record $1.31 billion in revenue in Q2. Prediction markets are now doing the work crypto used to for the company.