Robinhood Markets IncRobinhood Markets soared 53.90% as the biggest winner, benefiting from event contracts in prediction markets.
The financial sector gained 8.66% in the second quarter of 2026, as measured by the State Street Financial Select Sector SPDR ETF, but underperformed the broader S&P 500's 13.16% return. Robinhood Markets was the biggest winner in the financial sector during Q2, soaring 53.90%, while CME Group was the biggest detractor, declining 25.79%. Other top gainers included Franklin Resources, up 45.22%, and Interactive Brokers, up 36.66%, while Intercontinental Exchange fell 21.56% and Cboe Global Markets lost 14.04%. Analyst Ian Bezek noted that prediction markets drove many of the quarter's biggest movers, with Robinhood and Interactive Brokers benefiting from event contracts, while traditional exchanges faced concerns about losing market share.
Robinhood Markets IncRobinhood Markets soared 53.90% as the biggest winner, benefiting from event contracts in prediction markets.
Interactive Brokers Group IncInteractive Brokers gained 36.66%, benefiting from prediction market event contracts.
Franklin Resources IncFranklin Resources gained 45.22% in Q2, benefiting from prediction market growth.
BlackRock Inc
Coinbase Global Inc
JPMorgan Chase & Co
State Street Corp
Cboe Global Markets IncCboe Global Markets lost 14.04% due to concerns about losing market share to prediction markets.
Bank of America Corp
Goldman Sachs Group Inc
Morgan Stanley
Willis Towers Watson PLC
CME Group IncCME Group declined 25.79% as traditional exchanges face losing market share to prediction markets.
Intercontinental Exchange IncTraditional exchanges like Intercontinental Exchange face concerns about losing market share to prediction markets, which drove gains for competitors like Robinhood and Interactive Brokers.