Tim Stenevik

What's the effect that that acquisition has on, let's say, Kolshe, for example, that is a partner of yours right now, but also a competitor?

Vlad, for a lot of people, it's not clear what the difference is between prediction markets and outright gambling.

Are you concerned about potential hit to volumes if you're forced to exit certain states over conflicts with gambling regulators?

Well, speaking of all financial needs, there's a lot of chatter on Trump accounts for kids where the government seeds investment accounts with $1,000 for children as part of the One Big Beautiful Bill.

Are you still positioning yourself for consideration?

Have you heard who else might be in the running?

To Scarlett's point, Ray Dalio's going to donate to Trump accounts in Connecticut.

BlackRock is going to match Trump account contributions for employees.

A lot of companies are wondering if their companies are going to do it.

Any plans to do that for Robinhood employees?

Hey Vlad, before we let you go, I want to talk a little more about the Cortex AI offering and what you're trying to build in this financial super app at Robinhood.

If you think about this from the perspective of, and you made clear you don't want this to be an advisor by any means, but you want people to be able to ask questions to the app about different stocks or help find stocks.

How is it powered?

What is the AI that powers Cortex AI?

How is it trained and what's the underlying model that you're using?

So Cortex is going to be available to your gold subscribers, so it sounds like it's a premium service.

They'll be paying an additional fee to get these tools.

Do you plan to launch any kind of basic version of this?

All right.

Good stuff.