Robinhood’s Vlad Tenev on AI, Prediction Markets, and the Future of Trading | Ep. 33

ℹ️ EPISODE INFO

Released

November 20, 2025

Duration

50m

Channel

Uncapped with Jack Altman

Watch on YouTube

▶ Open ↗

📝 EPISODE DESCRIPTION

Vlad Tenev is the co-founder and CEO of Robinhood (NASDAQ: HOOD), which transformed financial services by introducing commission-free stock trading and democratizing access to the markets for millions of investors. As of Q3 2025, the company is doing $1.27 billion in revenue with 11 business lines each doing roughly $100 million. We discuss the evolution of online brokerage platforms from Schwab to E-Trade to now Robinhood. Vlad delves into the launch of Robinhood, the impact of the global financial crisis, and how mobile and high-frequency trading have transformed finance. The conversation explores the rise and success of prediction markets, the importance of engaging younger generations, and how AI is enhancing the future of trading. Timestamps: (0:00) Intro (00:27) History of online brokers (4:15) The rise of Robinhood (9:15) Changing sentiment among generations (14:18) Incentive alignment with customers (18:47) The emergence of prediction markets (25:50) Economic value vs entertainment (28:26) Growing degree of risk taking (35:21) Tokenization and private markets (39:33) The impact of AI on Robinhood (43:35) What excites Vlad about AI (46:59) Reflections on being a founder More on Vlad: https://robinhood.com/us/en/ https://x.com/vladtenev More on Jack: https://www.altcap.com/ https://x.com/jaltma https://linktr.ee/uncappedpod Email: friends@uncappedpod.com

🎤 SPEAKERS

• Vlad Tenev

  guest

• Jack Altman

  host

🧾 EPISODE SUMMARY

In this episode of Uncapped with Jack Altman, featuring Vlad Tenev and Jack Altman, Robinhood’s Vlad Tenev on AI, Prediction Markets, and the Future of Trading | Ep. 33 explores vlad Tenev on democratizing finance with AI and prediction markets Tenev frames online brokerage as a decades-long democratization story driven by deregulation, new interfaces (phone → internet → mobile), and infrastructure that lowers costs to near-zero.

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