Robinhood CEO Vlad Tenev said the firm is working with the U.S. government to operate “Trump Accounts,” tax‑deferred investment accounts for children, while rejecting the view that trading should be labeled as gambling. The Trump Accounts program, announced by the Treasury Department, allows children born between 2025 and 2028 to receive a $1,000 government contribution that can be invested for the long term. Robinhood helped develop the platform for the program and will manage the accounts for families after activation. Robinhood is broadening its offerings beyond commission‑free stock and cryptocurrency trading to include prediction markets, tokenized assets and banking services. The company launched Robinhood Chain, an Ethereum layer‑2 network for tokenized real‑world assets, on July 1. Tenev said speculation is essential to market functioning and that labeling all trading as gambling mischaracterizes the activity. He noted that more than 90 % of his personal net worth is invested in Robinhood shares. On July 6, Tenev sold 375,000 Robinhood Class B shares under a Rule 10b5‑1 plan adopted in September 2025, leaving him with over 48.2 million shares. Analysts estimate that Robinhood’s prediction market revenue could reach $586 million in 2026, up from about $150 million in 2025, highlighting growing interest in the line between regulated contracts and betting. The partnership with the government and the expansion into new financial products position Robinhood to serve a wider customer base, though the long‑term impact of the Trump Accounts program remains to be seen.