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
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.
0
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.
Cite This Answer
Use this answer in your research, article, or academic work
Related Answers
What role does training play in your company?
By Paul Guyett
Retail
$1M+/mo
What problem does AutoTrust solve?
By Dave Mondragon
Retail
/mo
How does AutoTrust differ from traditional dealership groups?
By Dave Mondragon
Retail
/mo
How does the preferred lender program help dealerships?
By Dave Mondragon
Retail
/mo
Does AutoTrust compete with OEM finance programs?
By Dave Mondragon
Retail
/mo
What is your long-term vision?
By Dave Mondragon
Retail
/mo
How important is industry knowledge to your business?
By Paul Guyett
Retail
$1M+/mo