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: Mike McCue, CEO, Flipboard

Recode Decode: Mike McCue, CEO, Flipboard

Flipboard CEO Mike McCue talks with Recode's Kara Swisher about the recent relaunch of his company's news app, which will mixes human curation with algorithms to serve up magazine-like collections of stories. McCue reflects on why one of his first employers, Netscape, failed to look past competition with Microsoft, and why he counsels startup CEOs to focus on more than just their "exit." He also makes the case for online news consumers to value human editors and real identities, as fake news and anonymous harassment have come to define Facebook and Twitter, respectively. Learn more about your ad choices. Visit podcastchoices.com/adchoices

13 Feb 20171h

Recode Decode: 'Fun Home' author Alison Bechdel

Recode Decode: 'Fun Home' author Alison Bechdel

"Fun Home" author and "Dykes to Watch Out For" creator Alison Bechdel talks with Recode's Kara Swisher in front of a live audience in San Francisco shortly after a performance of the Tony Award-winning musical based on "Fun Home." Bechdel says the rise of social media after her hit book led to widespread acclaim, but also overexposure. The namesake of the "Bechdel Test," which evaluates movies based on the number and interactions of their female characters, Bechdel explains how Donald Trump motivated her to resurrect "Dykes to Watch Out For" and why she was comforted by the Women's March on Washington. Learn more about your ad choices. Visit podcastchoices.com/adchoices

8 Feb 201732min

 Recode Decode: John Markoff, ex-reporter, The New York Times

Recode Decode: John Markoff, ex-reporter, The New York Times

Technology journalist and former New York Times reporter John Markoff talks with Recode's Kara Swisher about his nearly three-decade long career covering tech for the Times before retiring at the end of 2016. He reflects on why Steve Jobs was both a great and terrible person to interview and how science fiction books such as "Neuromancer," "Snow Crash" and "True Names" gave him a leg up on other reporters. Markoff says the most important issues facing the tech world today include the dangers of anonymity online; how scientific advances will make it easy to edit genes; and why roboticists need to focus on creating elder care robots. Learn more about your ad choices. Visit podcastchoices.com/adchoices

6 Feb 201758min

Recode Decode: Tristan Harris, founder, Time Well Spent

Recode Decode: Tristan Harris, founder, Time Well Spent

Time Well Spent founder Tristan Harris talks with Recode's Kara Swisher about the persuasive techniques and tricks used by companies like Twitter, Google and Facebook to make people engage with them every day. Harris's movement wants tech companies to think more often about the ethics of their design decisions, and to value their users' attention. These design choices, Harris says, are often driven by the fundamental "background problem" of advertising, and he makes the case for an "organic food movement" for tech, where users could pay to be manipulated less. Learn more about your ad choices. Visit podcastchoices.com/adchoices

30 Jan 20171h 7min

 Recode Decode: Tim Ferriss, author, "Tools of Titans"

Recode Decode: Tim Ferriss, author, "Tools of Titans"

"The 4-Hour Workweek" and "Tools of Titans" author Tim Ferriss talks with Recode's Kara Swisher about his newest book, which compiles the life advice of the "titans" from tech, business and entertainment Ferriss has interviewed on his podcast, "The Tim Ferriss Show." He explains how forays into education, neuroscience, tech entrepreneurship and dietary supplements led him to become a self-help author, and what everyday people can learn from winners like investor Chris Sacca, Uber CEO Travis Kalanick and actor BJ Novak. Ferriss also talks about why "voluntary suffering" is underrated and how ditching social media may make you happier. Learn more about your ad choices. Visit podcastchoices.com/adchoices

23 Jan 20171h 8min

 Recode Decode: Secretary of Transportation Anthony Foxx

Recode Decode: Secretary of Transportation Anthony Foxx

U.S. Secretary of Transportation Anthony Foxx talks to Recode's Johana Bhuiyan about his last week in office and what he would do if given more time. In addition to self-driving car and drone regulations, Foxx said he would like to see more rail projects across the country, and discusses the feasibility of Elon Musk's Hyperloop concept, a privately funded high-speed rail alternative. Foxx also discusses President-elect Donald Trump's nominee to replace him, former Deputy Secretary of Transportation Elaine Chao, and why Congress needs to look closely at Trump's $1 trillion infrastructure spending plan. Learn more about your ad choices. Visit podcastchoices.com/adchoices

16 Jan 20171h 6min

Recode Decode: Jennifer Hyman, CEO, Rent the Runway

Recode Decode: Jennifer Hyman, CEO, Rent the Runway

Rent the Runway CEO and co-founder Jennifer Hyman talks with Recode's Kara Swisher and Jason Del Rey about her 50-year vision for changing consumer fashion habits. Now more than seven years old, Rent the Runway has six million female customers who rent designer clothes a la carte or three at a time via a $139 monthly subscription. Hyman also discusses the challenges she has faced as a female tech CEO, the most formidable of which emerged while building the company's culture. She says men and women alike are not taught to think of women's voices as inspirational, which makes everything from funding to laying people off more difficult. Learn more about your ad choices. Visit podcastchoices.com/adchoices

9 Jan 201753min

 Recode Decode: Othman Laraki, CEO, Color

Recode Decode: Othman Laraki, CEO, Color

Color Genomics co-founder and CEO Othman Laraki talks with Recode's Kara Swisher about why we're on the verge of a healthcare revolution. Laraki, whose company tests buyers' genes for certain hereditary cancers, says the future of medicine will be defined by our ability to read data from our bodies. While most of that data used to be recorded on paper and stored at hospitals, now it's largely being generated and stored on our smartphones; he predicts that to achieve truly personalized medicine, we will need artificially intelligenct software that can comb this data, changing the role of doctors in the process. Learn more about your ad choices. Visit podcastchoices.com/adchoices

2 Jan 201742min

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