Sheel Mohnot Claims Robinhood Revenue Lead in Prediction Markets

Investor Sheel Mohnot posted on X comparing Robinhood transaction revenue across categories. He claimed the company makes more from prediction markets than stocks or crypto trading. Mohnot listed his estimated revenue figures per $1,000 traded: stocks at $0.13, options at $1.47, crypto at $2.50, and prediction markets at $23.00. He noted prediction market take rates appear 170x higher than stocks. Hiten Shah retweeted the post. Jeff Huber quoted it with the comment "legalized gambling is bad".