Prediction markets are a big bet for you. How do you answer people who say they are just gambling?
Replied byVlad Tenev
Co-founder & CEO at Robinhood
Niche: Finance, Technology, Cryptocurrency
Revenue: $1M+/month
Location: USA
Started: 2015 or earlier
Prediction markets are CFTC-regulated and brokers answer to the NFA, so we treat them like another regulated market, not a casino. Any market needs some speculation for price discovery. What is new is trading outcomes beyond commodities—sports, politics, AI benchmarks—where real money creates better forecasts. That is why I call them truth machines.
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