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

Episoder(868)

Recode Decode: Max Levchin, Affirm CEO

Recode Decode: Max Levchin, Affirm CEO

Affirm CEO and PayPal co-founder Max Levchin talks with Kara Swisher about being a serial entrepreneur and discovering more about himself in the process. He also discusses why startup founders and investors are increasingly flocking to finance, the problems with banking that tech can solve and what Marissa Mayer is doing right at Yahoo. Learn more about your ad choices. Visit podcastchoices.com/adchoices

17 Jan 201642min

Recode Decode: Chris Altchek, Mic CEO

Recode Decode: Chris Altchek, Mic CEO

Mic CEO Chris Altchek talks with Peter Kafka about building a news site for millennials and why such a thing should exist in the first place. He explores the differences among newsreading generations and explains what Mic has learned from four years of scaling from a few hundred viewers to tens of millions. Plus: Why there's no silver bullet for social media success. Learn more about your ad choices. Visit podcastchoices.com/adchoices

14 Jan 201628min

Recode Decode: Trae Vassallo and Michele Madansky, Co-Authors, "The Elephant in the Valley"

Recode Decode: Trae Vassallo and Michele Madansky, Co-Authors, "The Elephant in the Valley"

Former Kleiner Perkins Caufield & Byers partner Trae Vassallo and former Yahoo exec Michele Madansky sit down with Kara Swisher to talk about "The Elephant in the Valley," their new report on gender bias and harassment in tech. The report examines the different facets of sexism through both data and anecdotes from hundreds of women. Later on: Lauren Goode and Kara Swisher are launching a new podcast! Learn more about your ad choices. Visit podcastchoices.com/adchoices

11 Jan 201643min

Recode Decode: Albert Wenger, Union Square Ventures Partner

Recode Decode: Albert Wenger, Union Square Ventures Partner

Union Square Ventures partner Albert Wenger talks with Peter Kafka about being an investor at a time of bubble anxiety and political debate about the trade-off between privacy and security. He argues that tech companies and the government should work together, and also discusses the growing class of mission-driven "benefit corporations." Learn more about your ad choices. Visit podcastchoices.com/adchoices

7 Jan 201635min

Recode Decode: Happy Re/New Year 2016; CES Preview

Recode Decode: Happy Re/New Year 2016; CES Preview

It's an all-star lineup of reporters from Re/code and The Verge in this special episode, featuring Kara Swisher, Lauren Goode, Casey Newton and Noah Kulwin. The team discusses the top tech stories of 2015, including online harassment, Google's restructuring and the wearable revolution that wasn't. Then, they preview CES 2016 and reflect on whether the annual trade show is still relevant. Learn more about your ad choices. Visit podcastchoices.com/adchoices

4 Jan 201650min

Recode Decode: Rufus Griscom, Heleo CEO

Recode Decode: Rufus Griscom, Heleo CEO

Heleo CEO Rufus Griscom talks with Peter Kafka about trying to build a "BuzzFeed for brains" that can distribute Big Ideas to the broader Internet. He also discusses the founding of his two previous startups, Nerve.com (which sold to IAC) and Babble (which sold to Disney), and why big media companies may be losing interest in star writers. Learn more about your ad choices. Visit podcastchoices.com/adchoices

31 Des 201520min

Recode Decode: Niccolo de Masi, Glu CEO

Recode Decode: Niccolo de Masi, Glu CEO

Glu Mobile CEO Niccolo de Masi talks with Kara Swisher about Glu's hit games like Kim Kardashian: Hollywood and Katy Perry Pop, and what makes them different from earlier video games based on licensed intellectual property. He also handicaps the future of the gaming business, and discusses what will separate the winners from the losers. Later on: Kara Swisher and Lauren Goode review the top gadgets of 2015. Learn more about your ad choices. Visit podcastchoices.com/adchoices

28 Des 201550min

Recode Decode: Ev Williams, Medium CEO

Recode Decode: Ev Williams, Medium CEO

Medium CEO Ev Williams talks with Peter Kafka about founding his third company that makes it easier to "write on the Interwebs," and what makes Medium different from Blogger and Twitter. He also discusses why publishing on anything other than a platform doesn't make sense any more, and offers some insight into why Twitter's board seemingly changed its mind about Jack Dorsey's eligibility to be CEO again.. Learn more about your ad choices. Visit podcastchoices.com/adchoices

24 Des 201532min

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