Delphi Digital Highlights Robinhood, Hyperliquid and Lighter in Trading Thesis

Robinhood generated $156 million from event contracts in Q2 2026, while its crypto transaction revenue fell 38% year over year. The figures were highlighted by Delphi Digital in a trading thesis that also covered Hyperliquid and Lighter, signaling a shift in retail trading activity toward prediction markets amid declining crypto volumes.