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Robinhood CEO: Prediction markets will never go away
Bloomberg Television· 2026-08-20 16:13
Now you have people buying contracts for financial events for crypto assets and so the market has grown very very quickly and the US uh is is at the center of it. You know a lot a lot of the innovation is happening here. So the the way I think about it is we agree with the CFDC that these are federal products and uh should should fall under the federal statutes.uh states disagree for various reasons. I mean, number one is there's a huge financial incentive from collecting taxes on these state-owned operator ...
X @None
Xeer· 2026-08-20 13:38
have to share the losses publicly as well.got clocked in my face for supporting the stonk broker ecosystem. i was told at 3m that this was a meme that could rival $cashcat for the top memecoin on robinhood chain.i'll stick to my initial thesis: if stonk brokers keep these launches up, they are just cannibalizing on the limited liquidity left in their eco. but if they don't, there is no additional liquidity being injected in the ecosystem to feed the existing holders and they will then end up selling so it w ...