Robinhood CEO Vlad Tenev highlighted the significant revenue potential of prediction markets at the Token 2049 event in Singapore. Tenev described these markets as a fusion of sports betting, active trading, and news, with the capacity to revolutionize these sectors. Robinhood's prediction market business, launched prior to the last U.S. presidential election, has become one of the company's nine business lines, each generating over $100 million annually. The company aims to develop a comprehensive financial app to serve as a central hub for user assets.
Robinhood's Prediction Markets Generate Over $100M in Revenue
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