Alex Johnson

@mattscottcap Exactly. That’s our take here. There are some great use cases for events contracts as they relate to your broader portfolio. But as fun as sports betting can be, it’s better to keep that arms length from your investment account.

Robinhood is going all-in on the @Pumpfun thesis here. Younger generations are just much more in tune with social gambling and gamified media than older generations. Crypto Twitter is essentially an early version of that, just very poorly executed. @coinbase has tried something similar with the Base app, but hasn’t really found PMF yet and are pivoting to a more vanilla trading app. The intersection of finance, social media, and gambling is going to be huge, and @RobinhoodApp has a real shot here. We’ve taken several swings at this in crypto, but have never really hit scale because the asset class is small and memecoins on their own are too zero sum game: @VECTORDOTFUN , acquired by Coinbase @farcaster_xyz shutting down I think the best crypto-native companies that still have a real shot here are: @Polymarket @Pumpfun One thing worth noting: for Robinhood, these will all be KYC-verified users. Some people will find that controversial, but it also means you won’t get the same level of AI slop, spam, and AI bots that @X still hasn’t been able to get rid of. I actually think that’s pretty interesting. This is going to be a huge category.