Robinhood likely generated $20 million in Q3 prediction markets revenue That’s double the prior quarter’s tally Analyst says that with the help of football contracts, that figure could surge to $50 million in Q4 Helped by the start of football season, Robinhood Markets (NASDAQ: HOOD) is likely to have posted $20 million in third-quarter prediction market revenue, or more than double the prior quarter’s tally, and that figure could more than double in the current quarter, according to an analyst covering the financial services firm. A sample Robinhood image on a mobile phone. The company’s Q4 prediction market revenue could more than double. (Image: Bloomberg) In a Monday report to clients, Compass Point analyst Ed Engel said Robinhood probably generated $20 million in prediction market revenue during the July through September period, a more than 100% increase from the June quarter. As bettors know, the third quarter includes just one full month of football — the most wagered-on sport in…Read MoreCategory: Cryptocurrency, Financial, Technology, cryptocurrency, technologySource: Casino.org