Bernstein believes that prediction markets will benefit trading platforms such as Robinhood and Coinbase.

A recent Bernstein report points out that prediction markets have evolved from niche "fun betting" into a viable asset class with real capital and regulatory backing, and are becoming part of the mainstream financial infrastructure. The report argues that the easing of the US regulatory environment and major platforms' increasing mainstream adoption through partnerships with retail apps and large institutions will benefit trading platforms like Robinhood and Coinbase.