Are prediction markets gambling? Robinhood's Vlad Tenev is betting not

Are prediction markets gambling? Robinhood's Vlad Tenev is betting not

Today, I’m talking with Vlad Tenev, the co-founder and CEO of Robinhood, which started as a way to open up stock trading. But the company’s ambitions have grown over time – and they’re getting bigger. Just a day before Vlad and I talked, Robinhood announced it would soon be offering bank accounts and wealth management services, which would really allow Robinhood to be involved with your money at every possible level. So I was very interested to sit down with Vlad and really hash out where Robinhood is going, and why he’s so adamant that certain big ideas, like prediction markets based around everything from sports games to presidential elections, are going to play a pivotal role in the future of finance. Links: Robinhood CEO Vlad Tenev on markets for everything | Hard Fork Robinhood is launching bank accounts | Verge Kalshi sues Nevada and New Jersey regulators | Esports Insider Kalshi CEO: ‘State law doesn’t really apply’ to us | TechCrunch Robinhood debuts a sports gambling hub | Verge The SEC has ended its investigation into Robinhood crypto | Verge Robinhood admits it’s just a gambling app | Verge Massachusetts regulator subpoenas Robinhood over sports betting | CNN Verge Transcript Credits: Decoder is a production of The Verge and part of the Vox Media Podcast Network. Our producers are Kate Cox and Nick Statt. Our editor is Ursa Wright. The Decoder music is by Breakmaster Cylinder. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Welcome to Decoder

Welcome to Decoder

It may seem like a strange time to launch a podcast about business when the pandemic has frozen so many things in place, but the future is still coming — people are building technology and making policy for it right now. And it’s important to talk to them. This is Decoder with Nilay Patel. New episodes coming November 10th. Learn more about your ad choices. Visit podcastchoices.com/adchoices

27 Loka 20203min

Recode Decode series finale: Vox CEO Jim Bankoff and fan-favorite guests

Recode Decode series finale: Vox CEO Jim Bankoff and fan-favorite guests

After five years, Kara Swisher signs off as the host of Recode Decode. She and her producer Eric Johnson discuss five of the best moments in the show's 539-episode history; then, she talks with Vox Media CEO Jim Bankoff about the future of Vox as the COVID-19 crisis continues and the media grapples with what it can do to unwind systemic racism; and finally, she answers questions submitted by 10 of her past guests, including Ronan Farrow, Carole Cadwalladr, Anthony Scaramucci, and Stephanie Ruhle. Thank you to all of our guests, listeners, and the dozens of people behind the scenes who have made this show possible. Starting on Monday July 6, we'll bring you hand-picked "Best of Recode Decode" episodes for the rest of the summer. After that, stay subscribed for something new on this feed from Vox Media. Featuring: Kara Swisher (@karaswisher), Recode co-founder and editor-at-large Eric Johnson (@HeyHeyESJ), Recode Decode senior producer Jim Bankoff (@Bankoff), Vox Media CEO More to explore: On Reset, Arielle Duhaime-Ross explores why — and how — tech is changing everything. On Recode Media, Peter Kafka interviews business titans, journalists, comedians and podcasters about the collision of tech and media. On Pivot, Kara Swisher and Scott Galloway talk about the big tech news stories of the week, who's winning, who's failing, and what comes next. And on Season 1 of Land of the Giants, Jason Del Rey chronicled the rise of Amazon — and now, on Season 2, Peter Kafka and Rani Molla are examining "the Netflix effect." About Recode by Vox: Recode by Vox helps you understand how tech is changing the world — and changing us. Follow Us: Newsletter: Recode Daily Twitter: @Recode and @voxdotcom Learn more about your ad choices. Visit podcastchoices.com/adchoices

1 Heinä 20201h 54min

Recode Decode: Sridhar Ramaswamy

Recode Decode: Sridhar Ramaswamy

Former Google executive Sridhar Ramaswamy talks with Recode's Kara Swisher about his new startup, Neeva, which promises to offer paying subscribers a search engine with no ads and without selling its users' data. Ramaswamy, who worked at Google from 2003 to 2018, talks about how it evolved into an advertising powerhouse, why people should care about the "incredibly personal" details revealed by their search history, and why he believes Neeva can reach a larger-audience than just wealthy privacy-conscious consumers. He also explains how Neeva limits the data it collects, the "big problem" with antitrust dogma in the US, and whether Silicon Valley is changing for the better. Featuring: Sridhar Ramaswamy (@RamaswmySridhar), co-founder, Neeva Host: Kara Swisher (@karaswisher), Recode co-founder and editor-at-large More to explore: On Reset, Arielle Duhaime-Ross explores why — and how — tech is changing everything. On Recode Media, Peter Kafka interviews business titans, journalists, comedians and podcasters about the collision of tech and media. On Pivot, Kara Swisher and Scott Galloway talk about the big tech news stories of the week, who's winning, who's failing, and what comes next. And on Season 1 of Land of the Giants, Jason Del Rey chronicled the rise of Amazon — and now, on Season 2, Peter Kafka and Rani Molla are examining "the Netflix effect." About Recode by Vox: Recode by Vox helps you understand how tech is changing the world — and changing us. Follow Us: Newsletter: Recode Daily Twitter: @Recode and @voxdotcom Learn more about your ad choices. Visit podcastchoices.com/adchoices

29 Kesä 20201h 4min

Recode Decode: Rose Marcario

Recode Decode: Rose Marcario

Former Patagonia CEO Rose Marcario talks with Recode's Kara Swisher about the company's history of activism, the Facebook ad boycott that Patagonia helped start, and what she hopes it will accomplish. Marcario explains how Patagonia chooses which battles to fight, what she thinks of other business leaders who take public stands — such as Amazon CEO Jeff Bezos — and why we need more "good actors" in the corporate world. Plus: Is "compassionate capitalism" a real thing? This interview was recorded as part of the Lesbians Who Tech virtual Pride Summit. Featuring: Rose Marcario, former CEO, Patagonia Host: Kara Swisher (@karaswisher), Recode co-founder and editor-at-large More to explore: On Reset, Arielle Duhaime-Ross explores why — and how — tech is changing everything. On Recode Media, Peter Kafka interviews business titans, journalists, comedians and podcasters about the collision of tech and media. On Pivot, Kara Swisher and Scott Galloway talk about the big tech news stories of the week, who's winning, who's failing, and what comes next. And on Season 1 of Land of the Giants, Jason Del Rey chronicled the rise of Amazon — and now, on Season 2, Peter Kafka and Rani Molla are examining "the Netflix effect." About Recode by Vox: Recode by Vox helps you understand how tech is changing the world — and changing us. Follow Us: Newsletter: Recode Daily Twitter: @Recode and @voxdotcom Learn more about your ad choices. Visit podcastchoices.com/adchoices

26 Kesä 202038min

Recode Decode: Aminatou Sow

Recode Decode: Aminatou Sow

Call Your Girlfriend co-host Aminatou Sow talks with Recode's Kara Swisher about upcoming book with Ann Friedman, Big Friendship: How We Keep Each Other Close. Sow discusses "how [she] got bamboozled into getting business-married” to Friedman, why they went to therapy together, and why talking about your friendships with your friends is so important. She also talks about why she refuses to hang out with friends on Zoom, the assumptions we all make about other people's friendships, and what you should do when you and a friend have opposing political views. Featuring: Aminatou Sow (@aminatou), co-author, Big Friendship: How We Keep Each Other Close Host: Kara Swisher (@karaswisher), Recode co-founder and editor-at-large More to explore: On Reset, Arielle Duhaime-Ross explores why — and how — tech is changing everything. On Recode Media, Peter Kafka interviews business titans, journalists, comedians and podcasters about the collision of tech and media. On Pivot, Kara Swisher and Scott Galloway talk about the big tech news stories of the week, who's winning, who's failing, and what comes next. And on Land of the Giants, Jason Del Rey chronicled the rise of Amazon. Season 2 will focus on Netflix and is coming soon! About Recode by Vox: Recode by Vox helps you understand how tech is changing the world — and changing us. Follow Us: Newsletter: Recode Daily Twitter: @Recode and @voxdotcom Learn more about your ad choices. Visit podcastchoices.com/adchoices

24 Kesä 202052min

Recode Decode: Samantha Power

Recode Decode: Samantha Power

Harvard professor Samantha Power, the former US ambassador the United Nations, talks with Recode's Kara Swisher about her 2019 memoir The Education of an Idealist, what idealism looks like now in America, and the Trump administration's deadly mishandling of the coronavirus pandemic — and what she would do differently were she in charge. Power also discusses how the Obama administration responded to the ebola epidemic in 2014, the growing power of tech leaders like Bill Gates, and what Mark Zuckerberg can learn about disinformation from Taiwan. Plus: What the Obama administration got wrong about Big Tech and election security, and the other key international issues the US should focus on now. Featuring: Samantha Power (@samanthajpower), former US ambassador to the United Nations Host: Kara Swisher (@karaswisher), Recode co-founder and editor-at-large More to explore: On Reset, Arielle Duhaime-Ross explores why — and how — tech is changing everything. On Recode Media, Peter Kafka interviews business titans, journalists, comedians and podcasters about the collision of tech and media. On Pivot, Kara Swisher and Scott Galloway talk about the big tech news stories of the week, who's winning, who's failing, and what comes next. And on Land of the Giants, Jason Del Rey chronicled the rise of Amazon. Season 2 will focus on Netflix and is coming soon! About Recode by Vox: Recode by Vox helps you understand how tech is changing the world — and changing us. Follow Us: Newsletter: Recode Daily Twitter: @Recode and @voxdotcom Learn more about your ad choices. Visit podcastchoices.com/adchoices

22 Kesä 20201h 6min

Recode Decode: Barry Lyga and Morgan Baden

Recode Decode: Barry Lyga and Morgan Baden

The Hive authors Barry Lyga and Morgan Baden talk with Recode's Kara Swisher about how they came to write a young adult book about a social media dystopia, based on a cinematic idea from actor Jennifer Beals and producer Tom Jacobson. The 2019 book is set "five minutes in the future," where social media participation is mandated by the government for everyone over 13, which introduces some familiar social issues: The pressure to be perfect when everything is public, and the risk of mob justice when you step out of line. Lyga and Baden also explain what works in YA literature now, their mixed feelings about the power of social media and "cancel culture," and how they would attempt to fix platforms like Twitter and Instagram. Featuring: Barry Lyga (@barrylyga) and Morgan Baden (@MorganBaden), co-authors, The Hive Host: Kara Swisher (@karaswisher), Recode co-founder and editor-at-large More to explore: On Reset, Arielle Duhaime-Ross explores why — and how — tech is changing everything. On Recode Media, Peter Kafka interviews business titans, journalists, comedians and podcasters about the collision of tech and media. On Pivot, Kara Swisher and Scott Galloway talk about the big tech news stories of the week, who's winning, who's failing, and what comes next. And on Land of the Giants, Jason Del Rey chronicled the rise of Amazon. Season 2 will focus on Netflix and is coming soon! About Recode by Vox: Recode by Vox helps you understand how tech is changing the world — and changing us. Follow Us: Newsletter: Recode Daily Twitter: @Recode and @voxdotcom Learn more about your ad choices. Visit podcastchoices.com/adchoices

19 Kesä 202048min

Recode Decode: Symone Sanders

Recode Decode: Symone Sanders

Symone Sanders, a senior advisor to Joe Biden and former national press secretary for Bernie Sanders, talks with Recode's Kara Swisher about the 2020 campaign and her new memoir, No, You Shut Up: Speaking Truth to Power and Reclaiming America. Sanders reflects on her own political journey and explains why she's eager to support Biden this year — and why people who try to cast doubt on her career choices are "infuriating." Plus: What the Biden campaign wants from Facebook, and what advice does she have for protesters? Featuring: Symone Sanders (@SymoneDSanders), senior advisor, Joe Biden Host: Kara Swisher (@karaswisher), Recode co-founder and editor-at-large More to explore: On Reset, Arielle Duhaime-Ross explores why — and how — tech is changing everything. On Recode Media, Peter Kafka interviews business titans, journalists, comedians and podcasters about the collision of tech and media. On Pivot, Kara Swisher and Scott Galloway talk about the big tech news stories of the week, who's winning, who's failing, and what comes next. And on Land of the Giants, Jason Del Rey chronicled the rise of Amazon. Season 2 will focus on Netflix and is coming soon! About Recode by Vox: Recode by Vox helps you understand how tech is changing the world — and changing us. Follow Us: Newsletter: Recode Daily Twitter: @Recode and @voxdotcom Learn more about your ad choices. Visit podcastchoices.com/adchoices

17 Kesä 202049min

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