Core Viewpoint - Robinhood Markets, Inc. is launching a futures and derivatives exchange and clearinghouse, enhancing its investment in the prediction-market sector [1][2]. Group 1: New Ventures - The new initiative is a joint venture where Robinhood will be the controlling partner [2]. - The venture aims to improve Robinhood's ability to scale and monetize prediction markets [4]. Group 2: Market Impact - HOOD shares increased by 8.55%, reaching $125.50 [7]. - Susquehanna International Group has been named as a day-one liquidity provider, with more firms expected to join [3]. Group 3: Analyst Insights - Goldman Sachs analyst James Yaro maintains a Buy rating on Robinhood, with a price target of $175 [4]. - Yaro highlighted that the joint venture could enhance liquidity in prediction markets compared to Robinhood's current offerings [4][5]. Group 4: Economic Rationale - The joint venture is based on the premise that prediction markets are still developing, which complicates securing consistent liquidity [5]. - Existing licenses and products from MIAXdx are expected to keep the venture's investment needs manageable [5].

Core Viewpoint - Robinhood Markets, Inc. is launching a futures and derivatives exchange and clearinghouse, enhancing its investment in the prediction-market sector, which is expected to positively impact its stock performance [1][2]. Group 1: New Ventures - The new initiative is a joint venture where Robinhood will be the controlling partner, aimed at boosting its presence in prediction markets [2]. - The venture will allow Robinhood to design and list customized contracts for clients, enhancing its offerings in the prediction market space [8]. Group 2: Market Impact - HOOD shares have seen an increase of 8.55%, trading at $125.50 following the announcement [7]. - Susquehanna International Group has been named as a day-one liquidity provider, with more firms expected to join, which could enhance liquidity in the new market [3][8]. Group 3: Analyst Insights - Goldman Sachs analyst James Yaro has reiterated a Buy rating on HOOD, projecting a price target of $175, citing the potential for improved scalability and monetization of prediction markets through the new venture [4]. - Yaro emphasized that the joint venture could lead to better liquidity in more markets compared to Robinhood's current offerings [4]. Group 4: Financial Considerations - The joint venture is expected to allow Robinhood to earn revenue through both its brokerage and futures commission merchant (FCM) operations [5]. - Yaro noted that the existing licenses and products from MIAXdx should help manage the incremental investment needs of the venture [5].

Market Overview - U.S. stock markets are experiencing a winning streak, driven by optimism for a potential interest rate cut by the Federal Reserve in December [1][2] - As of midday on November 26, 2025, the S&P 500 Index is up approximately 0.6%, the Dow Jones Industrial Average is also up around 0.6%, and the Nasdaq Composite is leading with a rise of roughly 0.7% [2] - The positive market sentiment is attributed to falling bond yields and dovish comments from Federal Reserve officials, with an 80% probability of a rate cut at the upcoming FOMC meeting [2][6] Economic Indicators - The Conference Board reported a sharp decline in the consumer confidence index for November, falling to 88.7, the lowest level since April [5] - Weekly initial unemployment claims unexpectedly fell to a seven-month low of 216,000, while September's capital goods new orders rose more than anticipated [5] Corporate Earnings and Stock Movements - Urban Outfitters (URBN) shares are up 12% after reporting strong third-quarter earnings of $1.53 billion and earnings per share of $1.28, exceeding analyst estimates [7] - Autodesk (ADSK) surged 6.5% after reporting adjusted earnings per share of $2.67 on revenue of $1.85 billion, surpassing expectations [8] - Dell Technologies (DELL) advanced 2.5% following record orders for AI servers and an increased 2026 revenue forecast [9] - Nvidia (NVDA) shares ticked 0.4% higher, recovering from a previous decline due to competitive pressures from Meta Platforms [10] - Workday (WDAY) sank 8% after reporting subscription revenue in line with consensus but disappointing outlook [11] - HP Inc. (HPQ) fell 2.5% after forecasting weaker adjusted EPS for 2026 and announcing workforce reductions [11] Sector Performance - Broad-based gains are noted in the market, particularly in the semiconductor sector, despite mixed economic data [3]

Updates at 11:56 AM ET, with comments from Barclays analyst in sixth and ninth paragraphs. Robinhood Markets (HOOD) stock surged 8.7% in Wednesday midday trading after the fintech company announced it will increase its reach into prediction markets, a ...

Core Insights - Robinhood's stock increased by 8% following the announcement of an expansion in its prediction markets product line through a partnership with Susquehanna International [1] - The company has traded 9 billion contracts since launching prediction market services last year, with over 1 million users participating [2] - Year-to-date, Robinhood's shares have risen by 215%, making it the second-largest gainer on the S&P 500 [3] Company Developments - Robinhood plans to continue distributing Kalshi products while also supplementing its offerings with more event contracts directly [2] - The company aims to leverage its distribution advantage, as it already accounts for over 50% of Kalshi market volumes, to capture a larger share of market revenue [4] - The active trader base of 14 million users is seen as a perfect fit for prediction markets, potentially generating over $300 million annually from event contracts [5] Strategic Partnerships - The partnership with Susquehanna will provide liquidity, which is crucial for maintaining price stability in trading [6] - Robinhood's introduction of an institutional-grade exchange is expected to enhance consumer choices and allow for faster delivery of contracts and services [6]

Robinhood (HOOD) stock popped over 10% on Wednesday as the trading platform said it would expand its fastest-growing product line, prediction markets. Shares of the online broker jumped after the company announced the launch of a futures and derivatives exchange with market maker Susquehanna International in order to expand its prediction-market offerings, a service where users can bet on outcomes ranging from sports results to Federal Reserve interest rate decisions. Robinhood began offering prediction ...

Core Insights - Robinhood stock (NASDAQ: HOOD) surged nearly 8% following the announcement of a partnership with Susquehanna International Group to acquire a 90% stake in LedgerX, marking a significant move into regulated prediction-markets and derivatives trading [2][3][7] Deal Details - The acquisition of LedgerX, previously owned by FTX and now regulated by the CFTC, is set to close in early 2026 and is expected to enhance Robinhood's product offerings [5][8] - The deal resulted in a notable increase in trading volume, with retail investors leading the initial surge [6][9] Revenue Potential - Analysts suggest that if Robinhood successfully launches a futures and derivatives exchange, it could unlock new fee revenue and diversify its product mix, potentially reshaping the company's revenue outlook [4][10] - Piper Sandler estimates that the LedgerX rollout could yield mid-eight-figure incremental revenue if successful [13] Competitive Landscape - Robinhood faces competition from established derivatives venues like CME Group and newer regulated exchanges, but its unique retail user base and mobile distribution may provide a strategic advantage [11][12] Market Reaction - The market responded positively to the news, adding over $1 billion to Robinhood's market cap, with options traders adjusting for new upside scenarios [9]

Core Insights - The online brokerage is set to launch a futures and derivatives exchange in collaboration with Susquehanna International Group [1] Company Developments - The new exchange aims to enhance the brokerage's offerings in the futures and derivatives market [1] Industry Impact - This initiative reflects a growing trend among online brokerages to diversify their product offerings and compete more effectively in the financial markets [1]

Group 1 - Robinhood's stock price increased by over 6.5%, reaching $123.17 [1] - The company is launching a futures and derivatives exchange and clearinghouse to deepen its investment in prediction markets [1] - Robinhood is partnering with Susquehanna to establish a new, independently operated joint venture, where it will act as the controlling partner [1] Group 2 - Susquehanna International Group will serve as a key partner and initial liquidity provider for the joint venture, with plans to introduce additional liquidity providers in the future [1] - The joint venture aims to accelerate service delivery by acquiring MIAXdx, a designated contract market and derivatives clearing organization licensed by the CFTC [1] - MIAX will retain a 10% strategic equity stake in the exchange, which is expected to provide futures and derivatives products, including Robinhood's prediction markets, starting in 2026 [1]

消息面上，Robinhood与Susquehanna国际集团达成协议，将收购由迈阿密国际控股公司运营的一家受监 管交易所。此次收购将大幅助力两家公司在预测市场建立据点的推进计划。两家公司将收购LedgerX交 易所90%的股权。LedgerX曾是现已倒闭的加密货币交易所FTX的一部分。交易完成后，公司将与 Susquehanna成立合资企业，推出一家期货与衍生品交易所及清算所。(格隆汇) Robinhood(HOOD.US)盘初一度涨近9%，最高触及125.97美元。 ...