Robinhood (HOOD) Surges 10.9% on Prediction Markets Expansion

Group 1 - Robinhood Markets, Inc. has seen a significant stock price increase, climbing 10.93% to $128.20, marking its fourth consecutive day of gains due to positive investor sentiment from a new partnership [1][2] - The partnership with Susquehanna International Group aims to launch a CFTC-licensed exchange and clearinghouse to meet the growing demand in prediction markets [2][3] - Robinhood will be the controlling partner in this joint venture, which will acquire MIAXdx, a CFTC-licensed Designated Contract Market, and will maintain a strategic 10% equity stake in the exchange [3] Group 2 - The prediction markets have quickly become Robinhood's fastest-growing product line by revenue, with 9 billion contracts traded by over 1 million customers since its launch [4] - The new exchange is expected to begin operations in 2026 and will serve Robinhood Derivatives and other Futures Commission Merchants [4]