Robinhood admits it’s just a gambling app

“We take pride in the fact that we are expanding the market by welcoming new investors into the financial system.” - Robinhood’s S-1 | Illustration by Alex Castro / The Verge US citizens can gamble on the upcoming election on Robinhood, the financial nihilism app announced. Robinhood has termed this “unlocking a new asset class that democratizes access to events as they unfold.”
Let’s pause — I would like to reflect on this incredible phrase, about an as