"Who Am I to Say You Shouldn't Trade That?": Vlad Tenev Defends Speculators and Prediction Markets (opens in new tab)

Robinhood CEO Vlad Tenev defended prediction market traders against gambling critics last week, arguing that speculators are essential for any market to work. The comments, delivered at the Wall Street Journal's Future of Everything conference on May 5, landed in the same week that prediction market operator Kalshi closed a $1 billion funding round at a $22 billion valuation.Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!)"You can't have a functional finan...