Robinhood expands prediction market features with NFL parlays and prop bets
December 17, 2025 • 3m 56s
Andrew Ross Sorkin (Co-Anchor of Squawk Box)
00:00.070
joining
us
now
in
a
first
on
CNBC
is
the
company
CEO
of
lad
ten
of
lad
always
good
to
have
you
why
why
are
you
doing
this
Vlad Tenev (Co-Founder, Chairman and CEO)
00:10.010
yeah
so
last
night
we
dramatically
expanded
our
prediction
markets
offering
in
a
couple
of
ways
one
of
the
things
is
just
making
them
available
for
people
that
aren't
just
interested
in
trading
but
also
want
to
see
the
information
and
we
we
talked
about
how
a
year
ago
we
had
one
Vlad Tenev (Co-Founder, Chairman and CEO)
00:28.970
prediction
market
on
the
site
and
it's
grown
to
thousands
we
think
we're
in
the
early
stages
of
a
prediction
market
super
cycle
where
the
amount
and
volumes
traded
in
this
new
asset
class
are
going
to
grow
tremendously
we're
increasingly
seeing
them
used
not
just
as
a
tool
for
Vlad Tenev (Co-Founder, Chairman and CEO)
00:48.150
traders
to
speculate
but
also
as
a
new
source
of
information
let
me
give
you
an
example
your
previous
segment
you
were
talking
about
the
warner
brothers
merger
with
paramount
and
netflix
now
i
think
that
the
question
on
everyone's
mind
with
something
like
that
is
what's
the
Vlad Tenev (Co-Founder, Chairman and CEO)
01:07.670
likely
outcome
who
if
anyone
will
end
up
acquiring
warner
brothers
and
we
have
a
prediction
market
on
robin
hood
that
answers
and
addresses
this
exact
question
the
interesting
thing
is
last
night
if
you
look
back
twenty
four
hours
ago
we
had
on
our
market
paramount
with
fifty
Vlad Tenev (Co-Founder, Chairman and CEO)
01:27.270
five
percent
chance
and
now
i
just
checked
while
i
was
watching
your
segment
seventy
five
percent
chance
and
i
think
we
can
try
to
decipher
this
by
looking
at
the
various
stock
prices
of
the
companies
as
as
you
guys
have
shown
but
really
prediction
markets
i
think
are
ultimately
Vlad Tenev (Co-Founder, Chairman and CEO)
01:43.670
going
to
be
most
valuable
as
a
better
forecasting
tool
where
you
don't
have
to
worry
about
modeling
out
the
exogenous
effects
of
all
sorts
of
factors
on
a
company
's
stock
price
and
you
can
actually
get
the
direct
answer
to
a
very
specific
event
and
and
i
think
that's
just
one
Vlad Tenev (Co-Founder, Chairman and CEO)
02:00.800
of
the
reasons
why
were
in
the
early
stages
of
a
super
cycle
in
this
new
asset
class
and
why
robin
hood
is
is
continuing
to
push
forward
with
the
best
products
for
traders
and
for
for
people
using
it
as
a
source
of
news
and
information
vlad
? (Reporter)
02:16.070
you're
absolutely
right
in
that
it's
getting
used
a
lot
i
mean
it's
showing
up
in
sell
side
analyst
reports
everyone
sort
of
coming
to
it
as
a
new
source
of
information
but
i
wonder
what
you
think
the
actual
predictive
powers
of
these
markets
are
i
mean
we've
all
seen
a
chart
of
? (Reporter)
02:31.670
i
mean
my
favorite
will
beyoncé
show
up
at
the
super
bowl
and
odds
are
low
and
then
two
seconds
before
she
comes
on
stage
and
it
goes
to
ninety
five
ninety
nine
percent
what's
are
those
who
has
an
edge
on
these
things
Vlad Tenev (Co-Founder, Chairman and CEO)
02:46.150
i
mean
i
think
that
there's
a
such
a
wide
variety
of
prediction
markets
and
of
course
you
can
probably
come
up
with
examples
that
might
look
silly
to
to
to
pretty
much
anyone
but
i
think
the
power
of
it
is
we
can
get
a
real
time
exchange
traded
price
and
forecast
on
pretty
much
Vlad Tenev (Co-Founder, Chairman and CEO)
03:04.550
anything
and
what
we
found
is
talking
about
traders
what
this
allows
traders
to
do
is
hyper
specialize
on
one
specific
thing
so
so
you
know
there's
probably
one
area
where
each
of
us
is
sort
of
a
unique
expert
be
it
AI
technology
gaming
music
entertainment
and
this
allows
you
to
Vlad Tenev (Co-Founder, Chairman and CEO)
03:28.590
actually
trade
and
specialize
and
while
you're
trading
you
produce
this
this
valuable
forecast
so
i
mean
we
we
talked
to
customers
all
the
time
some
of
them
are
very
very
scientific
about
these
things
and
they
just
collect
all
the
information
they
study
it
deeply
and
they
they
Vlad Tenev (Co-Founder, Chairman and CEO)
03:46.990
feel
like
they
have
the
tools
and
the
knowledge
to
go
against
conventional
wisdom
and
trade
on
the
things
where
where
they
may
have
a
unique
edge
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