Robinhood CEO: The prediction market integrates characteristics of gambling, trading, news, and other industries, and has become one of the nine major business lines with annual revenue exceeding 100 million dollars.

Odaily News At the Token 2049 event in Singapore, Robinhood CEO Vlad Tenev stated in an interview with Bloomberg that prediction markets are a significant innovation, similar to traditional sports betting and gambling activities, as well as active trading, and they share certain similarities with traditional media news products. However, it is not one of these three but rather a hybrid of all three. Conversely, prediction markets have tremendous potential to transform these three massive industries. Furthermore, Robinhood launched its prediction market business line even before last year's presidential election, and it is currently one of the fastest-growing zones, as well as one of our nine business lines generating annual revenues exceeding 100 million dollars. Robinhood's long-term vision is to create a super financial application that becomes a home for users' assets.