On with Kara Swisher ACCESS with Alex Heath and Ellis Hamburger
42 snips
Jan 1, 2026 
Vlad Tenev, Co-founder and CEO of Robinhood, shares insights on the evolution of prediction markets, describing them as 'truth machines' that provide reliable forecasts. He elaborates on the integration of tokenization in retail finance and its potential to reshape access to global assets. Vlad also discusses the challenges of balancing market integrity with democratization, while emphasizing the company's vision to become a financial super app. Additionally, he reflects on personalizing contracts, digital responsibility, and enhancing engagement in earnings calls.
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Use New Products To Become Primary Account
- Expand product lines to make your platform the user's primary financial account.
- Use cross-product value (cards, retirement, brokerage) to deepen relationships and increase engagement.
Prediction Markets Aren't Just Bookies
- Prediction markets run on exchanges with buyers and sellers, not a house that profits from customer losses.
- Regulation and surveillance tools exist to protect market integrity under CFTC oversight.
Sports Kickstart, Non-Sports Scale
- Growth came from sports plus new non-sports categories like politics and tech.
- Familiarity and product integration accelerate adoption as more contracts launch.
