Robinhood Extends Prediction Markets Offering via JV and Partnership with Susquehanna

Core Insights - Robinhood is launching a futures and derivatives exchange and clearinghouse to enhance its offerings in Prediction Markets and meet customer demand [1][2] - The new independent exchange will be managed through a joint venture, with Robinhood Markets, Inc. as the controlling partner [1] - The venture will include a strategic partnership with Susquehanna International Group as a key liquidity provider [1] - Robinhood plans to acquire MIAXdx, a CFTC-licensed market, to accelerate service delivery [1] - Prediction Markets have become one of Robinhood's fastest-growing product lines by revenue [1] Company Developments - In just one year, Robinhood has traded 9 billion contracts through over 1 million customers [2] - The new institutional-grade exchange will provide more choices and flexibility for consumers [2] - The exchange is expected to begin operations in 2026 and will serve Robinhood Derivatives and other Futures Commission Merchants (FCMs) [2] - Robinhood continues to focus on democratizing access to financial markets, offering various trading options including stocks, options, futures, and crypto [2] - The company aims to deliver value and products designed for a new generation of investors [2]