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(902)

Recode Decode: Scott Galloway

Recode Decode: Scott Galloway

NYU Professor and Pivot co-host Scott Galloway returns to Recode Decode to talk about his new show on Vice TV, No Mercy, No Malice with Professor Scott Galloway. He and Recode's Kara Swisher also talk about how they started working together, why he decided to branch out into podcasting and then TV, and the "most disruptable" industries that young people should be going into right now — healthcare and higher education. Galloway explains what he would do if he were the provost of a major university like NYU, including a "Marshall Plan" for increasing student enrollment and the abolition of tenure for professors because "everybody else has to work for a living." Plus: How coronavirus will change cities, retail, restaurants, and more, and which big tech companies should be broken up. >> Start your free trial of New York Magazine today - go to nymag.com/decode Featuring: Scott Galloway (@profgalloway), Pivot co-host and host of No Mercy, No Malice with Professor Scott Galloway 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

8 Mai 20201h 10min

Recode Decode: Alexis Coe

Recode Decode: Alexis Coe

Political historian Alexis Coe talks with Recode's Kara Swisher about her latest book, You Never Forget Your First: A Biography of George Washington, which seeks to break the staid formula by which all other books about America's first president have been written. Coe says she is the only female historian to write a book about Washington, and discovered that other biographies written by white men have popularized sexist untruths about his single mother, while obscuring some crucial details about Washington himself and distorting his track record as a slaver. She also talks about her previous book, Alice + Freda Forever: A Murder in Memphis, why we still need libraries, and how history as a profession is changing at a time when we may know "too much" about our leaders. Featuring: Alexis Coe (@alexiscoe), author, You Never Forget Your First: A Biography of George Washington 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

6 Mai 20201h 4min

Recode Decode: Alex Kantrowitz

Recode Decode: Alex Kantrowitz

BuzzFeed News reporter Alex Kantrowitz talks with Recode's Kara Swisher about his new book, Always Day One: How The Tech Titans Plan To Stay On Top Forever. He discusses how coronavirus may change consumers’ relationship with tech giants, the opportunity for a new major labor movement, and how the companies he profiled in the book — including Amazon, Apple, and Facebook — keep from getting out-innovated. Kantrowitz says education, and not automation, is the larger problem for the long-term future of work, and argues that TikTok is one of the only places young people are learning to be creative; he also explains why Apple is stuck in a similar rut now to the one Microsoft was in under Steve Ballmer. Plus: Can you steal from Amazon's cashier-less grocery story? Featuring: Alex Kantrowitz (@Kantrowitz), author, Always Day One: How The Tech Titans Plan To Stay On Top Forever 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

4 Mai 202056min

Recode Decode: Ryan Murphy

Recode Decode: Ryan Murphy

TV producer Ryan Murphy — who created or produced shows like Glee, 911, and American Horror Story — talks with Recode's Kara Swisher about his new Netflix miniseries, Hollywood, which blends real history with fictional characters to imagine a more inclusive "what-if" version of the postwar film business. Murphy explains how shows like Glee and Modern Family encouraged LGBT acceptance, why he doesn't use Twitter anymore, and his mega-deal with Netflix, which was reported to be worth up to $300 million. Plus: The differences between working for Netflix vs. Fox, how covid-19 has changed entertainment, and Murphy and Swisher's roadtrip to New York City in the 80s. Featuring: Ryan Murphy (@mrrpmurphy on Instagram), co-creator and executive producer, Hollywood 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

1 Mai 20201h 5min

Recode Decode: Dave Asprey

Recode Decode: Dave Asprey

Bulletproof founder and former CEO Dave Asprey talks about the invention and current state of “biohacking," how his blog for “bulletproof executives” grew into a global lifestyle, and the most important ways to track and improve one’s life. Asprey explains how intermittent fasting works — but may not be right for everyone seven days a week — and says that quality of sleep is more important than quantity: Getting 8 hours of sleep every night is “garbage science,” he claims. He also discusses cryotherapy, meditation, the cutting edge of aging and brain research, and his goal of living to be 180 years old. Featuring: Dave Asprey (@bulletproofexec), founder and former CEO, Bulletproof 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

29 Apr 20201h 9min

Recode Decode: Nikole Hannah-Jones

Recode Decode: Nikole Hannah-Jones

New York Times Magazine reporter Nikole Hannah-Jones talks with Recode's Kara Swisher about how the coronavirus pandemic is magnifying inequality in the US, and our historical failure to treat essential workers — from meat-packing plants to checkout counters to delivery drivers — with the respect and protection they deserve. Hannah-Jones, who created the Times' ongoing series about the legacy of slavery, The 1619 Project, also talks about the technology gap and current inequalities in pre-college education, and says the crisis is also an opportunity to reset the deeply unjust gig economy. Plus: Why are black and Latinx Americans dying of coronavirus at much higher rates than their white and Asian peers? Featuring: Nikole Hannah-Jones (@nhannahjones), reporter, New York Times Magazine 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

27 Apr 202053min

Recode Decode: Sarah Kendzior

Recode Decode: Sarah Kendzior

Bestselling author and Gaslit Nation co-host Sarah Kendzior talks with Recode's Kara Swisher about her new book, Hiding in Plain Sight: The Invention of Donald Trump and the Erosion of America; what pundits get wrong about propaganda and election interference; and the “insane way” journalists treat Donald Trump’s Twitter bully pulpit. In the new book and her previous one, The View From Flyover Country, Kendzior argues that Trump's rise to the presidency was no accident — rather, it was the result of decades of socioeconomic trends, including income inequality, "disaster capitalism," and the growth of the internet. She also talks about why Trump's base isn't as big as you think it is, and whether there's reason for hope and optimism right now. Featuring: Sarah Kendzior (@sarahkendzior), author, Hiding in Plain Sight: The Invention of Donald Trump and the Erosion of America 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 Apr 20201h 1min

Recode Decode: Tim Ferriss

Recode Decode: Tim Ferriss

Bestselling author, investor, and podcaster Tim Ferriss talks with Recode's Kara Swisher about his advice for people coping with the coronavirus quarantine, which includes giving yourself slack for being unproductive, afraid, and fatigued; the crucial difference between fast decisions and rushed ones; and why the pandemic crisis is a "natural culling of the herd" for businesses in a "bloated capitalist system" that have no resilience. Ferriss also discusses what he's starting to invest in after taking a five-year break, why he's holding onto his early stake in Uber, and why he's been funding research into psychedelic drugs at Imperial College London and Johns Hopkins Medicine. Plus: How being a pessimist and keeping expectations low can lead to greater happiness. Previously: Listen to Tim's earlier appearance on Recode Decode, from January 2017. Featuring: Tim Ferriss (@tferriss), host, The Tim Ferriss Show 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 Apr 20201h 11min

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