Robinhood Markets reported record second-quarter revenue of $1.31 billion, with net income increasing 48%. Event contract revenue surged to $156 million, surpassing cryptocurrency revenue. Crypto revenue fell 38% to $100 million. Robinhood also saw growth in net interest and other revenue. The company is expanding its digital-asset business and exploring international markets. Operating expenses increased alongside revenue growth. Robinhood shares slipped despite strong earnings. Regulatory risks remain a concern for the company’s future growth.

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