welcome
Insider

Insider

Business

Business & Economics

Robinhood CEO Vlad Tenev calls prediction markets 'the future' and says the company will play a 'leading role'

Insider
Summary
Nutrition label

81% Informative

Robinhood CEO Vlad Tenev said his company is going all in on prediction markets.

He compared prediction markets to traditional news models like newspapers and broadcast news.

Robinhood had some success with its prediction market for the 2024 presidential election, which largely predicted Donald Trump would win though Kamala Harris made a late surge after an Iowa poll wrongly predicted the state would land in Democrat 's column.