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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Recode Decode: Steven Levy

Recode Decode: Steven Levy

Technology journalist and Wired editor-at-large Steven Levy talks with Recode's Kara Swisher about his latest book, Facebook: The Inside Story, for which he obtained years of direct access to CEO Mark Zuckerberg and COO Sheryl Sandberg. Levy discusses how he got that access, how Zuckerberg has changed (or hasn't) over time, and whether he, Sandberg, and the company at large understand the damage that Facebook has caused. Plus: Why Zuckerberg destroyed his old diaries, how he was influenced by Bill Gates, and what will happen to the company next now that it is under more scrutiny than ever. Featuring: Steven Levy (@StevenLevy), author, Facebook: The Inside Story 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 Helmi 20201h 8min

Recode Decode: Peter Diamandis and Steven Kotler

Recode Decode: Peter Diamandis and Steven Kotler

Authors Peter Diamandis and Steven Kotler talk with Recode's Kara Swisher about their latest book together, The Future Is Faster Than You Think: How Converging Technologies Are Disrupting Business, Industries, and Our Lives. They explain why the future is getting harder to predict and how "exponential technologies" — including robotics, AI, biotechnology, AR/VR, and quantum computing — will change everything from education to old age. Diamandis and Kotler also talk about the importance of having a hopeful vision of the future, in spite of the negative facets of technology, such as addiction and loss of privacy. Plus: Why autonomous cars will "reboot the sex industry." Featuring: Peter Diamandis (@PeterDiamandis), XPRIZE founder and co-author, The Future Is Faster Than You Think Steven Kotler (@steven_kotler), Flow Research Collective executive director and co-author, The Future Is Faster Than You Think 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

21 Helmi 20201h 3min

Recode Decode: Caleb Scharf

Recode Decode: Caleb Scharf

Caleb Scharf, the director of Astrobiology at Columbia University, talks with Recode's Kara Swisher about the under=discussed dangers humans would face in space and the rise of private space exploration, as championed by billionaires such as Elon Musk and Richard Branson. Scharf wrote a piece for Scientific American earlier this year, "Death on Mars." about the hazards of the Martian environment for humans, and explains what we know — and don't know — about how human explorers might be able to survive. Plus: Is space tourism actually a good idea? Featuring: Caleb Scharf (@caleb_scharf), director of astrobiology, Columbia University 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 Helmi 202054min

Recode Decode: Corey Johnson

Recode Decode: Corey Johnson

Corey Johnson, the Speaker of the New York City Council and an candidate in the 2021 mayoral race, talks with Recode's Kara Swisher about his planned expansion of bike, bus, and pedestrian lanes across the city, which will come at the expense of street parking; how NYC has evolved over time, sometimes in spite of popular opinion; and the regulatory mistakes the city has made in dealing with Uber and Lyft. He also talks about how he came out of the closet with the help of a pioneering LGBT website, the potential impact of autonomous cars, and how New York can attract tech investment without giving away Amazon HQ2-style subsidies. Plus: What is it really like to be a politician in the social media era? Featuring: Corey Johnson (@coreyinnyc), speaker, New York City Council 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 Helmi 20201h 5min

Recode Decode: David Kaye

Recode Decode: David Kaye

David Kaye, the special rapporteur for freedom of opinion and expression at the United Nations, talks with Recode's Kara Swisher about the hacking of Amazon CEO Jeff Bezos' phone by the Saudi Arabian government; why it’s easier than ever for governments to suppress information spread by journalists and dissidents; and the inherent danger of internet companies and governments collecting massive amounts of data about us. He also talks about how the UN responded to the murder of Washington Post columnist Jamal Khashoggi in 2018 and why "repression of the mind” can lead to massive human rights abuses like the Holocaust. Click here to read a full transcript of this interview. Featuring: David Kaye (@davidakaye), UN Special Rapporteur on freedom of opinion & expression and author of Speech Police: The Global Struggle to Govern the Internet 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

14 Helmi 202059min

Recode Decode: Larry Ingrassia

Recode Decode: Larry Ingrassia

Journalist Larry Ingrassia talks with Recode’s Jason Del Rey about his new book, Billion Dollar Brand Club: How Dollar Shave Club, Warby Parker, and Other Disruptors Are Remaking What We Buy. Ingrassia, a longtime editor for the Wall Street Journal, New York Times and Los Angeles Times, returned to his journalistic roots to report and write the book, which was triggered by the news that the upstart direct-to-consumer razor company Dollar Shave Club had been bought by Unilever for $1 billion. He explains how the relatively inexperienced outsiders who founded the companies he profiles exploited a “customer experience” gap that established retailers weren’t addressing; the inverse correlation between competition and venture capital among e-commerce startups; and how going directly to your customer may change what they expect of your culture and service. Plus: Why, in the end, these companies can’t ignore Amazon forever. Featuring: Larry Ingrassia (@IngrassiaLA), author, Billion Dollar Brand Club Host: Jason Del Rey (@delrey), senior commerce editor, Recode More to explore: Subscribe for free to Reset, Recode's new podcast that explores why — and how — tech is changing everything. 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

12 Helmi 202053min

Recode Decode: Carol Leonnig and Phil Rucker

Recode Decode: Carol Leonnig and Phil Rucker

Washington Post reporters Carol Leonnig and Phil Rucker talk with Recode's Kara Swisher about their new book, A Very Stable Genius: Donald J. Trump's Testing of America. In it, they draw from more than 200 interviews with Trump administration insiders to paint a picture of Washington in 2020, Trump's frequent lies, and how he retaliates against the people who dare to cross him. They discuss how they convinced sources to talk to them, why Trump is actually a genius from a certain point of view, and how his tweeting may have changed the presidency. Plus: What is it like working at the Washington Post now, in the aftermath of the controversial suspension of one of their colleagues, Felicia Sonmez? Featuring: Carole Leonnig (@CarolLeonnig), reporter, Washington Post Phil Rucker (@PhilipRucker), White House Bureau Chief, Washington Post Host: Kara Swisher (@karaswisher), Recode co-founder and editor-at-large More to explore: Subscribe for free to Reset, Recode's new podcast that explores why — and how — tech is changing everything. 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

10 Helmi 20201h 6min

Recode Decode: Mark Surman

Recode Decode: Mark Surman

Mozilla Foundation executive director Mark Surman talks with Recode's Kara Swisher about why the internet needs a "public option," how Mozilla's browser Firefox is positioning itself for the future, and the future of tech regulation. Surman also discusses how punk rock and small-town censorship shaped his worldview, and why being the number one browser isn't actually Firefox's main goal. Featuring: Mark Surman (@msurman), executive director, Mozilla Foundation Host: Kara Swisher (@karaswisher), Recode co-founder and editor-at-large More to explore: Subscribe for free to Reset, Recode's new podcast that explores why — and how — tech is changing everything. 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

7 Helmi 202052min

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