Robinhood CEO: The prediction market combines characteristics of gambling, trading, news and other industries, and has become one of the company's nine major business lines with annual revenue exceeding US$100 million

Odaily Planet Daily reported that at the Token 2049 event in Singapore, Robinhood CEO Vlad Tenev stated in an interview with Bloomberg that prediction markets are a major innovation, sharing similarities with traditional sports betting and gambling, active trading, and even traditional media news products. However, they are not one of these three, but rather a hybrid of all three. Conversely, prediction markets have enormous potential to transform all three of these massive industries. Furthermore, Robinhood launched its prediction market business line before last year's presidential election, and it is currently one of its fastest-growing segments and one of nine business lines with annual revenue exceeding $100 million. Robinhood's long-term vision is to build a super financial application that will become a home for users' assets.