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Prediction markets are the new secret weapon for Coinbase (COIN) and Robinhood (HOOD) growth

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Prediction markets are the new secret weapon for Coinbase (COIN) and Robinhood (HOOD) growth

Prediction markets are gaining traction as a new growth area for Coinbase (COIN) and Robinhood (HOOD), as investors look beyond a weak first quarter for crypto trading and focus on future products, according to Cantor Fitzgerald analyst Ramsey El-Assal.

El-Assal said “investors are increasingly treating the quarterly print as backward-looking,” with attention shifting to “forward-looking demand trends and the product roadmap,” including newer offerings such as prediction markets.

Both companies are expected to report softer results for the first quarter of 2026 after a pullback in crypto prices and trading activity. Bitcoin and ether (ETH) fell about 23% and 29% in the quarter, weighing on volumes across exchanges. Trading activity also slowed as the quarter progressed, with Coinbase volumes declining from roughly $66 billion in January to $54 billion in March, based on third-party data.

Cantor estimates Coinbase’s consumer and institutional trading volumes at $35 billion and $167 billion, both below Wall Street expectations. The firm also projects exchange revenue below consensus. Still, El-Assal maintained an “overweight” rating on the stock and raised his price target to $250, citing improving sentiment and longer-term growth drivers.

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Robinhood faces similar near-term pressure. The analyst expects a sequential decline in trading volumes due to softer market conditions, along with a hit to net interest revenue from lower rates. But the company’s business model offers some cushion. Higher volatility can lift trading margins, and Cantor expects stronger yields in equities and options to partly offset weaker activity.

At the same time, crypto revenue quality may come under pressure. El-Assal noted the platform’s “tiered pricing structure … earns lower yields on large active traders … and higher yields on marginal traders,” with the latter group pulling back during volatility.

Despite these headwinds, both stocks have rallied in recent weeks. Coinbase shares are up about 18% quarter-to-date, while Robinhood has climbed roughly 40% in April from late-March lows, helped by improving risk sentiment and easing geopolitical tensions.

The focus now is on what comes next. For Coinbase, investors are watching regulatory developments and new business lines. The company’s prediction markets offering, launched this year, “continues to attract meaningful interest,” El-Assal said.

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Robinhood is also leaning into prediction markets alongside other initiatives such as tokenization and private market access. The analyst said these efforts, along with regulatory changes like updates to pattern day trading rules, could help drive future growth.

Cantor maintained an “overweight” rating on Robinhood and raised its price target to $110.

The broader view, according to El-Assal, is that while current trading trends remain tied to crypto price cycles, the next phase of growth will depend more on product expansion and new use cases.

Later on Tuesday, the New York Attorney General’s office filed a lawsuit against Coinbase and fellow crypto exchange Gemini over their prediction market offerings, alleging that the products were actually gambling products and therefore in violation of state regulations.

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Whether prediction markets — specifically, sports-related prediction markets — are gambling products are not is currently a topic of debate in both state and federal courts. The Commodity Futures Trading Commission has argued that prediction markets are swaps, and therefore properly regulated by that agency at the federal level. States have argued that at least the sports-related contracts are not swaps, and should be licensed and overseen by state regulators. This question is likely to end up before the U.S. Supreme Court.

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Chicken Road slot w kasynie online RTP i zmienno.1114 (2)

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Bridging for Yield: Hidden Risk and Hidden Alpha

Jeśli szukasz nowych sposobów na chicken road 2 gra rozrywkę w internecie, warto zwrócić uwagę na gry kasynowe. Jednym z najpopularniejszych tytułów jest Chicken Road, gra, która łączy elementy hazardu z przygodą. W tym artykule przedstawimy szczegóły dotyczące RTP i zmienności tej gry.

Chicken Road to slot, który łączy w sobie elementy hazardu z przygodą. Gra jest dostępna w wielu kasynach online i oferuje wiele możliwości wygrania. RTP (Return to Player) to wskaźnik, który określa, ile procent pieniędzy, które są wydawane w kasynie, wraca do graczy w postaci wygranych. W przypadku Chicken Road RTP wynosi 96,5%, co oznacza, że każda wygrana jest realna.

Zmienność gry jest również ważnym aspektem. Zmienność to wskaźnik, który określa, ile procent pieniędzy, które są wydawane w kasynie, wraca do graczy w postaci wygranych. W przypadku Chicken Road zmienność wynosi 95,5%, co oznacza, że każda wygrana jest realna.

Jeśli szukasz gry, która łączy hazard z przygodą, Chicken Road jest idealnym wyborem. Gra oferuje wiele możliwości wygrania i jest dostępna w wielu kasynach online. RTP i zmienność gry są również ważnymi aspektami, które powinny być uwzględnione przy wyborze gry.

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Warto zwrócić uwagę, że RTP i zmienność gry są ważnymi aspektami, które powinny być uwzględnione przy wyborze gry. Jeśli szukasz gry, która łączy hazard z przygodą, Chicken Road jest idealnym wyborem.

Warto zwrócić uwagę, że RTP i zmienność gry są ważnymi aspektami, które powinny być uwzględnione przy wyborze gry. Jeśli szukasz gry, która łączy hazard z przygodą, Chicken Road jest idealnym wyborem.

Wprowadzenie do gry Chicken Road Slot

Jeśli szukasz gry, która łączy twoją pasję do gier hazardowych z fascynującą historią, to Chicken Road Slot jest idealnym wyborem. Ta gra kasyno online oferuje emocjonującą grę, która pozwoli ci na podróż w czasie i odkrycie sekretów starej drogi.

Gra Chicken Road Slot jest oparta na historii o starej drodze, która łączy dwa miasta. Gra jest pełna akcji i emocji, a także oferuje wiele możliwości wygranej. Twoja misja jest prosta: dotrzeć do celu, pokonując przeciwników i wykorzystując swoje umiejętności.

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Gra Chicken Road Slot jest dostępna w kasynie online, co oznacza, że możesz grać w niej z dowolnego miejsca, gdzie masz dostęp do internetu. Aby zacząć, musisz tylko zalogować się do swojego konta w kasynie online i wybrać grę Chicken Road Slot.

Gra Chicken Road Slot jest dostępna w wersji demo, co oznacza, że możesz grać w niej bezpłatnie, aby zrozumieć, jak gra się odbywa. Jednak, aby móc wygrać pieniądze, musisz zainwestować pieniądze w grę.

Warto zauważyć, że gra Chicken Road Slot ma wysoką stopę zwrotności, co oznacza, że masz duże szanse na wygraną. Stopa zwrotności to 96,5%, co jest bardzo dobrej jakości.

Wreszcie, gra Chicken Road Slot jest dostępna w różnych wersjach, co oznacza, że możesz wybrać wersję, która najlepiej pasuje do twoich potrzeb. Wersje gry są dostępne w różnych językach, w tym w polskim.

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Wynikiem jest, że gra Chicken Road Slot jest idealnym wyborem dla każdego, kto szuka emocjonującej gry hazardowej z wysoką stopą zwrotności.

Analiza RTP i zmienności w grze Chicken Road

Jeśli szukasz gry, która oferuje emocje i szansę na wygraną, Chicken Road jest idealnym wyborem. W tej grze, RTP (Return to Player) jest kluczem do sukcesu. Warto zrozumieć, jak RTP wpływa na Twoje szanse na wygraną.

RTP to wskaźnik, który określa, ile procent pieniędzy, które są wydawane w grze, wraca do graczy w postaci wygranych. W przypadku Chicken Road, RTP wynosi 96,5%, co oznacza, że 96,5% pieniędzy, które są wydawane w grze, wraca do graczy w postaci wygranych.

Ale RTP nie jest jedynym czynnikiem, który wpływa na Twoje szanse na wygraną. Zmienność gry również odgrywa ważną rolę. Zmienność gry określa, jak często i w jakich ilościach wygrywają gracze.

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W przypadku Chicken Road, zmienność gry jest dość wysoka, co oznacza, że wygrane są często i w różnych ilościach. To sprawia, że gra jest bardziej emocjonująca i bardziej atrakcyjna dla graczy.

Jeśli chcesz zwiększyć swoje szanse na wygraną w grze Chicken Road, ważne jest, aby zrozumieć, jak RTP i zmienność gry wpływają na Twoje szanse. Dzięki temu, możesz podejmować świadome decyzje i zwiększyć swoje szanse na wygraną.

Wskazówki dla graczy

Zrozumieć, jak RTP i zmienność gry wpływają na Twoje szanse.

Podejmuj świadome decyzje, aby zwiększyć swoje szanse na wygraną.

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Czasami zmieniaj strategię, aby dostosować się do zmian w grze.

Nigdy nie zapomnij, że RTP jest wskaźnikiem, który określa, ile procent pieniędzy wraca do graczy w postaci wygranych.

Zakłady i strategia gry w grze Chicken Road

Jeśli chcesz zwiększyć swoje szanse na wygraną w grze Chicken Road, musisz zrozumieć, jakie zakłady i strategie są skuteczne w tej grze. Warto zacząć od analizy RTP (Return to Player), czyli wskaźnika zwrotu gracza, który w przypadku Chicken Road wynosi 96,5%. To oznacza, że każdy spin generuje 96,5% zwrócenia, co jest dość wysokim wskaźnikiem.

Zakłady w grze Chicken Road

W grze Chicken Road istnieje kilka zakładów, które mogą pomóc w zwiększeniu szans na wygraną. Najpopularniejszymi są:

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  • Zakład na wygraną, który jest dostępny w każdym spinie.
  • Zakład na wygraną w kilku spinach, co zwiększa szanse na wygraną.
  • Zakład na wygraną w kilku spinach z dodatkową wypłatą, co zwiększa szanse na wygraną i wypłatę.

Warto zwrócić uwagę, że zakłady w grze Chicken Road są dynamiczne, co oznacza, że mogą się zmieniać w zależności od twoich decyzji i strategii gry.

Jeśli chcesz zwiększyć swoje szanse na wygraną, musisz zrozumieć, jakie zakłady i strategie są skuteczne w tej grze. Warto zacząć od analizy RTP i zrozumieć, jakie zakłady są dostępne w grze.

Warto pamiętać, że strategia gry jest indywidualna i zależy od twoich preferencji i stylu gry. Warto eksperymentować z różnymi zakładami i strategiami, aby znaleźć tę, która jest dla ciebie najskuteczniejsza.

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Coinbase Lobbying Hit $1.07M in Q1 on Crypto Laws

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French Hill says CLARITY Act could fix gaps left by GENIUS Act

Coinbase lobbying activity for Q1 2026 totaled $1.07 million, the company disclosed in a new Lobbying Disclosure Act filing, targeting the Digital Asset Market Clarity Act, the GENIUS Act stablecoin law, and digital asset tax treatment legislation.

Summary

  • The filing covers lobbying on the CLARITY Act’s market structure provisions, implementation of the GENIUS Act stablecoin law, and general crypto policy discussions across multiple congressional committees.
  • The Q1 spend comes after a turbulent period in Coinbase’s relationship with the CLARITY Act, which began with CEO Brian Armstrong withdrawing support hours before a January markup, followed by a reversal after a Treasury-brokered compromise on stablecoin yield.
  • Coinbase derives roughly one-fifth of its total revenue from stablecoin-related activity, making the terms of the CLARITY Act’s yield provisions a direct financial stake rather than a policy preference.

Coinbase lobbying in the first quarter of 2026 reached $1.07 million as the company pressed Congress on the two pieces of legislation most directly affecting its business model. The LDA filing lists multiple specific topics covered, including general discussions on digital asset tax treatment, market structure provisions of the CLARITY Act, and all provisions of the GENIUS Act stablecoin law signed into law as P.L. 119-27.

The filing provides a concrete dollar figure for Coinbase’s Washington engagement during one of the most consequential quarters in US crypto legislative history. The GENIUS Act passed and became law. The CLARITY Act stalled and restarted. Coinbase first killed and then revived its support for the market structure bill within the span of three months.

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The company’s relationship with the CLARITY Act in Q1 2026 was the most consequential lobbying story in crypto. Armstrong posted opposition to the bill on X on January 14, hours before the Senate Banking Committee’s scheduled markup, causing the session to be postponed. The central objection was the bill’s treatment of stablecoin yield, which banking industry lobbyists had pushed to restrict.

What the Filing Covers and Why It Matters

The LDA disclosure lists the following subjects: general discussions on digital asset tax and digital asset tax treatment, provisions related to Title I and market structure of the CLARITY Act, all provisions of the GENIUS Act, general discussions on crypto policy and market structure, and discussions on implementing the GENIUS Act. That list covers the full legislative agenda facing the crypto industry in 2026.

The CLARITY Act remains the primary pending legislation. Its market structure provisions would formally define the regulatory division of authority between the SEC and CFTC over digital assets. For Coinbase, which operates the largest US crypto exchange and custody platform, those definitions affect every product it offers. The company’s subsequent reversal on the bill came after Treasury Secretary Scott Bessent published a Wall Street Journal op-ed advocating for a compromise framework on the stablecoin yield question that left room for activity-based rewards while restricting direct interest payments.

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The Scale of Coinbase’s Financial Stake

Coinbase reported $355 million in stablecoin-related revenue in Q3 2025. The company derives approximately one-fifth of its total revenue from stablecoin activity, primarily through interest earned on USDC reserves and rewards paid to users. How the CLARITY Act defines permissible stablecoin yield programs determines whether that revenue stream survives in its current form or must be restructured.

The company’s Agentic Market launch on Monday, which routes AI agent transactions through USDC over the x402 protocol, adds a second dimension to its USDC stake. If stablecoin transaction volume from AI agents grows as Armstrong has predicted, the regulatory treatment of USDC’s underlying economics becomes even more valuable to protect. $1.07 million in Q1 lobbying is a modest investment against that exposure.

How the Q1 Spend Compares to the Legislative Outcome

Armstrong reversed his CLARITY Act opposition by March 2026, with Coinbase publicly stating it was “ready to do its part” to get the bill passed. The Q1 lobbying period therefore captures both the opposition and the reversal, along with continued engagement on implementation of the GENIUS Act that was already law. For a company with Coinbase’s revenue base, $1.07 million in quarterly lobbying is a standard operating cost for an industry participant with direct exposure to pending federal legislation. What distinguishes Coinbase’s Q1 from previous quarters is that the legislation being lobbied on was active, consequential, and moving during the period covered.

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Prospective Fed Chair Pressed on Potential Conflicts of Interest

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Federal Reserve, Government, Senate, Donald Trump

The nominee to lead the US Federal Reserve, Kevin Warsh, on Tuesday faced criticism and backlash from Democrats questioning his financial disclosures and potential conflicts of interest.

Heading into today’s Senate Banking Committee confirmation hearing, it was clear that the independence of the Fed remains a key issue for many lawmakers concerned about US President Donald Trump’s influence over any Senate-confirmed candidate. 

With Jerome Powell’s term as the US Federal Reserve Chair set to expire next month, lawmakers are scrambling replace the long-serving official. 

Under questioning from Massachusetts Senator Elizabeth Warren, the committee’s ranking member who repeatedly referred to Warsh as a “sock puppet” for the president’s policies, the prospective Fed chair sidestepped answering whether Trump lost the 2020 US election and identifying any issue on which the two disagree.

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Warren said confirming Warsh could result in the Fed “granting special accounts to [the Trump family’s] crypto company or bailouts to his friends on Wall Street if they get into trouble” and create “more opportunities for Trump’s corruption.”

Warsh faced similar questions from Rhode Island Senator Jack Reed and other Democrats on his position on lowering interest rates — an action Trump has repeatedly called for and signaled his pick would push if confirmed.

“The president never once asked me to commit to any particular interest rate decision, period, and nor would I ever agree to do so if he had, but he never did,” said Warsh in response to a question from Republican Senator John Kennedy.

Federal Reserve, Government, Senate, Donald Trump
Kevin Warsh speaking at a Tuesday hearing. Source: Senate Banking Committee

Related: US senator urges delay of CLARITY Act Senate markup until May: Report

The nominee faced at least one direct question on crypto from Wyoming Senator Cynthia Lummis, responding that digital assets were “part of the fabric of our financial services industry in the United States.”

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Warsh has pledged to divest from his financial holdings, which include investments in crypto and AI companies, before taking the oath of office if confirmed. The potential conflicts of interest, coupled with Trump’s repeated attempts to oust Powell before his term expires, have many questioning whether any Fed chair picked by the president could remain independent.

“While we want the Fed to be independent, we also recognize that there has to be collaboration between the administration, Congress and the Fed,” said Committee Chair Tim Scott in a Tuesday CNBC interview. “The independence is in making sure they do their job as it relates to the dual mandate.”

Prediction market users don’t anticipate a new Fed chair anytime soon

Powell’s term as chairman is set to end on May 15, giving lawmakers a matter of weeks to confirm Warsh or another Fed chair. He may be allowed to serve in a temporary capacity until his successor’s Senate confirmation, and will remain a member of the Fed’s Board of Governors until 2028.

The likelihood of a delay in Warsh’s confirmation is fueling an active event contract on prediction markets platform Polymarket, where many users are betting that the Senate may not act to confirm him until June. Some 37% of the positions gave took a chance he would be confirmed by May 15, while 78% are betting it won’t happen before June 30.

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Federal Reserve, Government, Senate, Donald Trump
Active event contract on Kevin Warsh’s confirmation date. Source: Polymarket

Magazine: Will the CLARITY Act be good — or bad — for DeFi?