Robinhood Q1 Miss, Crypto Revenue Plunges

Robinhood shares fell 8% after Q1 earnings missed expectations with EPS of 38 cents and revenue of $1.07B. Cryptocurrency revenue dropped 47% to $134M while prediction markets surged 320%.

Robinhood Warns Users of Phishing Attacks

Robinhood Markets alerted users about malicious phishing emails targeting investors. Some users received suspicious notifications about passkeys being added to their accounts without their authorization.

Prediction Markets Enter Crypto Perpetual Futures

Kalshi and Polymarket plan to offer crypto perpetual futures, entering a market that comprises over 70% of centralized crypto exchange volume, competing with Robinhood and Coinbase.