New York, Jan 12, 2026, 11:40 AM EST — Regular session
- HOOD shares climbed roughly 3.6% by late morning, recovering from a volatile start to the day.
- Bitcoin climbed, while crypto-linked stocks mostly held steady, keeping Robinhood on the radar for momentum traders.
- Investors are focusing on Robinhood’s Feb. 10 earnings and the growing state opposition to sports-linked event contracts.
Shares of Robinhood Markets, Inc. climbed 3.6% to $119.38 on Monday, bouncing back after an early slump and adding to a volatile start for the retail trading platform’s stock this week.
Robinhood’s shift is crucial since it acts as a barometer for crypto sentiment and day-trader behavior—both can swing sharply with price shifts. With the next earnings report due in under a month, traders are guessing if the trading momentum from late 2025 spilled over into the year’s final weeks.
This comes as regulators continue to crack down on “event contracts” — derivatives that pay out depending on a specific outcome — a sector Robinhood has been expanding into while seeking new revenue sources beyond stock and options trading.
Bitcoin climbed 1.2% to roughly $92,046, while Coinbase Global gained 2.6%, boosting the wider crypto-trading sector in U.S. markets.
Robinhood posted record revenue of $1.27 billion in its latest quarterly results, with transaction-based revenue climbing 129% year-over-year to $730 million. Cryptocurrencies contributed $268 million to that figure. Chief financial officer Jason Warnick said, “Q4 is off to a strong start,” highlighting record monthly volumes across multiple products. SEC
Robinhood has capitalized on that momentum to expand further into prediction markets, especially with sports-focused contracts. “There are a plethora of competitors. But with us being early to market, we’ve been able to fine-tune our product,” Adam Hickerson, senior director of futures at Robinhood, told Reuters in December. Reuters
Tennessee’s Sports Wagering Council has told Kalshi, Polymarket, and Crypto.com to halt sports event contracts for residents, cancel existing deals, and refund deposits by Jan. 31, Cointelegraph reports, citing letters. Meanwhile, Connecticut regulators allege Kalshi, Robinhood, and Crypto.com are offering unlicensed sports wagering via online contracts. A judge has granted Kalshi a temporary block on enforcement as the case moves forward.
Robinhood is betting these products will grow from niche offerings into mainstream hits. Back in November, the company teamed up with Susquehanna International Group to acquire a regulated exchange. They plan to build a futures and derivatives exchange plus a clearinghouse, with the deal set to close in Q1 2026. “Robinhood is seeing strong customer demand for prediction markets,” said JB Mackenzie, Robinhood’s VP and general manager. Reuters
But the stock’s sensitivity works both ways. A drop in bitcoin, a decline in retail trading, or stricter state rules on sports-linked contracts could all weigh on expectations—especially for a firm investors frequently view as a stand-in for risk appetite.
Robinhood will release its fourth-quarter and full-year 2025 earnings on Feb. 10, after the market closes. The announcement will be followed by a video call featuring CEO Vlad Tenev and incoming CFO Shiv Verma. For traders, that’s now the key date to watch, as regulators and crypto prices fill the quieter stretches.
