Vlad Tenev’s favorite bet on prediction markets. It’s not what you think

I think there's lots of stories out there that have been covered about people being incredibly scientific about all of their trading and prediction markets gives you a wide surface area to do that under. I mean, you have obviously the sports contracts, which everyone likes to talk about, but economics, you've got a contract on alien disclosure, which that's one of my favorite ones. Last I checked, 22% chance that there will be alien disclosure by the US government this year. um >> and rising I think rising recently after all the >> well there's been some some some chatter about it for sure I think that like there's people out there that are studying these things in detail they're building models and what what you find is with any nent market before you get like full institutional participation um there's more opportunities and I think now we're before the point where these opportunities are arbitrageed by by the big players

Are prediction markets poised to win over big institutional players? Robinhood CEO Vlad Tenev joins Tracy Alloway and Joe Weisenthal on the Odd Lots podcast to discuss where the company stands in the prediction market space, how he thinks betting markets will grow and what he thinks about the alien disclosure contract. #Robinhood #Investing #Markets #OddLots #PredictionMarkets