What Robinhood's token actually is

Last year, we had Robinhood CEO Vlad Tenev on the podcast to talk to us about his company's plans to tokenize shares of private companies. The idea is that retail investors want to participate in hot names like OpenAI and SpaceX, and that tokenizing private equity would allow this to happen. Right after our episode though, a number of companies expressed frustration at the idea, saying that they were not voluntarily participating in the plan. So where do things stand now? And how is Robinhood thinking about how it will play in the red hot prediction market space? On this episode, Vlad returns to talk about where things stand, and all of the company's new efforts to give retail traders even more instruments to use.

Read more:
Polymarket Bets on Iran War Show Limits of Prediction Markets for Wall Street
Robinhood Adds $695 ‘Actual’ Platinum Card to Compete With Amex

Only http://Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at  bloomberg.com/subscriptions/oddlots

Subscribe to the Odd Lots Newsletter
Join the conversation: discord.gg/oddlots

See omnystudio.com/listener for privacy information.