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: "She Said" authors Jodi Kantor and Megan Twohey

Recode Decode: "She Said" authors Jodi Kantor and Megan Twohey

New York Times reporters Jodi Kantor and Megan Twohey talk with Recode's Kara Swisher about their new book, She Said: Breaking the Sexual Harassment Story That Helped Ignite a Movement. They talk about how Kantor and Twohey reported stories about sexual harassment allegations against Harvey Weinstein; how Weinstein's network of lawyers and advisers kept his misconduct under wraps; and how the story help launch an ongoing reckoning around power imbalances between men and women worldwide. They also explain why they interviewed Christine Blasey Ford, the college professor who testified in Congress that Supreme Court Justice Brett Kavanaugh sexually assaulted her in 1982. Featuring: Jodi Kantor (@jodikantor), New York Times investigative reporter and co-author, She Said Megan Twohey (@mega2e), New York Times investigative reporter and co-author, She Said Hosts: Kara Swisher (@karaswisher), Recode co-founder and editor-at-large More to explore: Subscribe for free to Pivot, Kara’s podcast with NYU Professor Scott Galloway that offer sharp, unfiltered insights into the biggest stories in tech, business, and politics. 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 ... But enough about us We are conducting an audience survey to better serve you. It takes no more than five minutes, and it really helps out the show. Please take our survey here. Learn more about your ad choices. Visit podcastchoices.com/adchoices

20 Syys 20191h 8min

Recode Decode: Blackstone CEO Steve Schwarzman

Recode Decode: Blackstone CEO Steve Schwarzman

Steve Schwarzman, the CEO of the private equity firm The Blackstone Group, talks with Recode's Kara Swisher about his new book, What It Takes: Lessons in the Pursuit of Excellence. Schwarzman — a longtime advisor to President Trump — also discusses his scholarship program that teaches future leaders how to do business in China, how he would like to see policymakers address populist anger, and the big economic trends he and Blackstone are currently pursuing. Plus: Can we fix the H-1B visa program without simultaneously addressing other forms of immigration? Featuring: Steve Schwarzman, CEO of The Blackstone Group and author of What It Takes: Lessons in the Pursuit of Excellence. Hosts: Kara Swisher (@karaswisher), Recode co-founder and editor-at-large More to explore: Subscribe for free to Pivot, Kara’s podcast with NYU Professor Scott Galloway that offer sharp, unfiltered insights into the biggest stories in tech, business, and politics. 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

18 Syys 20191h 8min

Recode Decode: NYC Mayor Bill de Blasio

Recode Decode: NYC Mayor Bill de Blasio

Bill de Blasio, the mayor of New York City, talks with Recode's Kara Swisher about why he's still running for the Democratic nomination in 2020, the threat of job automation and his proposed "robot tax," and how de Blasio thinks about the future of transit in New York and beyond. He also talks about how the plan for New York to become one of Amazon's "HQ2" locations fell apart, and why he supports both a national privacy bill and tougher antitrust action against Facebook and Google. Featuring: Bill de Blasio (@BilldeBlasio), mayor of New York City and 2020 presidential candidate Hosts: Kara Swisher (@karaswisher), Recode co-founder and editor-at-large More to explore: Subscribe for free to Pivot, Kara’s podcast with NYU Professor Scott Galloway that offer sharp, unfiltered insights into the biggest stories in tech, business, and politics. 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

16 Syys 20191h 17min

Recode Decode: 2020 presidential candidate Marianne Williamson

Recode Decode: 2020 presidential candidate Marianne Williamson

Author and spiritual teacher Marianne Williamson talks with Recode's Kara Swisher about her campaign to be the Democratic nominee for president in 2020. Williamson explains why she's still in the race even though she didn't qualify for the third debate and talks about what she has learned from running as an non-establishment candidate, negativity and anger on social media, and how she thinks about the tech industry — and vice versa. She and Swisher also discuss her entrepreneurial journey, her divisive comments about religion, vaccines, and medication, and what Williamson would do if she were CEO of Twitter. Featuring: Marianne Williamson (@marwilliamson), 2020 presidential candidate Hosts: Kara Swisher (@karaswisher), Recode co-founder and editor-at-large More to explore: Subscribe for free to Pivot, Kara’s podcast with NYU Professor Scott Galloway that offer sharp, unfiltered insights into the biggest stories in tech, business, and politics. 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

13 Syys 20191h 9min

Recode Decode: The Wing CEO Audrey Gelman

Recode Decode: The Wing CEO Audrey Gelman

Audrey Gelman, the co-founder and CEO of women's coworking space The Wing, talks with Recode's Kara Swisher about the company's new hiring network for its members, and how it can combat bias in hiring. They also discuss why Gelman and her co-founder Lauren Kassan started The Wing, the services it provides for its members, and the challenges of raising money for a business aimed at women. Featuring: Audrey Gelman (@audreygelman), CEO of The Wing (@the_wing) Hosts: Kara Swisher (@karaswisher), Recode co-founder and editor-at-large More to explore: Subscribe for free to Pivot, Kara’s podcast with NYU Professor Scott Galloway that offer sharp, unfiltered insights into the biggest stories in tech, business, and politics. 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

11 Syys 201947min

Recode Decode: Microsoft President Brad Smith

Recode Decode: Microsoft President Brad Smith

Microsoft President Brad Smith talks with Recode’s Kara Swisher about his new book, co-authored with Carol Ann Browne, Tools and Weapons: The Promise and the Peril of the Digital Age. They discuss what Microsoft learned from United States v. Microsoft Corp. in 2001 and how that antitrust investigation compares to today’s techlash; the culture of disruption and “move fast and break things” in Silicon Valley; and why every tech company, even those not responsible for problems, should be part of the solutions. Smith also talks about the impact of Edward Snowden’s NSA leak and the Cambridge Analytica scandal, how the government can expand the opportunities enjoyed by the tech world with more of America, and tech regulation around the world — including why Smith believes the US will have a national privacy bill by 2024. Plus: Is it inevitable that big tech companies will be broken up? Featuring: Brad Smith (@bradsmi), president of Microsoft and co-author of Tools and Weapons: The Promise and the Peril of the Digital Age. Hosts: Kara Swisher (@karaswisher), Recode co-founder and editor-at-large More to explore: Subscribe for free to Pivot, Kara’s podcast with NYU Professor Scott Galloway that offer sharp, unfiltered insights into the biggest stories in tech, business, and politics. 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

9 Syys 20191h 8min

Recode Decode: Why workers need to be part of the conversation about UBI and artificial intelligence

Recode Decode: Why workers need to be part of the conversation about UBI and artificial intelligence

Former New York Times labor reporter Steve Greenhouse talks with Recode's Kara Swisher about his most recent book, Beaten Down, Worked Up: The Past, Present, and Future of American Labor. Greenhouse explains why worker power and compensation are at their lowest levels since World War II and how a series of cultural changes — including globalization, the internet, and the gig economy — have affected and endangered the working class. He and Swisher also discuss DoorDash's long-running practice of stealing tips, Facebook's inshoring of offensive content moderation to poorly managed contractors, and the problems with universal basic income proposals made by people like presidential candidate Andrew Yang. Featuring: Steve Greenhouse, former labor reporter, New York Times (@greenhousenyt) Host: Kara Swisher (@karaswisher), Recode co-founder and editor-at-large More to explore: Subscribe for free to Pivot, Kara’s podcast with NYU Professor Scott Galloway that offer sharp, unfiltered insights into the biggest stories in tech, business, and politics. 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

6 Syys 201955min

Recode Decode: "The Enlightened Capitalists" author James O'Toole.

Recode Decode: "The Enlightened Capitalists" author James O'Toole.

James O'Toole, a professor emeritus at the University of Southern California, talks with Recode's Kara Swisher about his book, The Enlightened Capitalists: Cautionary Tales of Business Pioneers Who Tried to Do Well by Doing Good. O'Toole discusses the first such "enlightened capitalist," British industrialist Robert Owen; why, like Owen, do-gooder CEOs can't or won't make change today; and the history of the belief that corporations only exist to serve the shareholder. He also talks about how Whole Foods co-founder John Mackey's battle with values-adverse shareholders forced him to sell the company Amazon, and why a growing number of small companies are writing their ethical values into legally binding paperwork. Featuring: James O'Toole, professor emeritus at USC Host: Kara Swisher (@karaswisher), Recode co-founder and editor-at-large More to explore: Subscribe for free to Pivot, Kara’s podcast with NYU Professor Scott Galloway that offer sharp, unfiltered insights into the biggest stories in tech, business, and politics. 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

4 Syys 201946min

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