Robinhood CEO Says Crypto Will Beat Sports at Prediction Markets' Own Game

Robinhood CEO Vlad Tenev predicts crypto will dominate prediction markets

Robinhood's crypto focus in prediction markets could reshape the industry, challenging competitors and leveraging its vast user base and regulatory edge.

Robinhood CEO Says Crypto Will Beat Sports at Prediction Markets' Own Game

Robinhood CEO Vlad Tenev says crypto event contracts are already outpacing sports bets, and could become the platform's dominant category within a few years.

Robinhood CEO Says Crypto Event-Contracts Will Overtake Sports Markets

Robinhood (HOOD) Chairman and CEO Vlad Tenev told CNBC's Jim Cramer that crypto event-contracts are already grabbing an outsized share of the platform's prediction markets business, and he expects sports wagers to fall into the minority within just a few years. Prediction markets have become one of...

Robinhood CEO Sees Crypto Prediction Markets Overtaking Sports

Robinhood Markets CEO Vlad Tenev expects crypto prediction markets to take a growing share of the companys event-contract business, potentially pushing sports-related contracts into the minority within the next few years. Speaking with CNBCs Jim Cramer on Mad Money, Tenev said Robinhood is already seeing strong demand for crypto-linked event contracts. He argued that prediction markets extend well beyond sports betting by allowing users to trade…