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.

From the Full Interview

This answer is part of a full interview with Vlad Tenev, Co-founder & CEO at Robinhood.

Share this Answer

Found this insight valuable? Share it with your network to help others learn from Vlad Tenev's experience.

Prediction markets are a big bet for you. How do you answer people who say they are just gambling?

Related Answers