Core Insights - Robinhood Markets announced an acquisition agreement with Susquehanna International Group to jointly acquire a majority stake in LedgerX, a regulated exchange previously owned by the bankrupt FTX Group [1][2] - This acquisition will significantly expand Robinhood's predictive market business, allowing the company to offer diverse predictive market services related to sports events and election outcomes [1] - The acquisition is seen as a strategic move towards diversifying Robinhood's offerings, transitioning from a single stock trading platform to a comprehensive financial services provider [2] Company Overview - LedgerX is a fully regulated derivatives exchange in the U.S., focusing on digital asset derivatives trading and possessing complete regulatory licenses [1] - Susquehanna International Group is a well-known market maker with extensive experience in derivatives trading, which will provide liquidity support for the new platform [1] Market Reaction - The market reacted positively to the news, with Robinhood's stock price increasing by 8%, indicating investor confidence in the company's growth prospects [1] - Predictive markets are viewed as a rapidly growing emerging sector with significant development potential [1] Regulatory Approval - The transaction is subject to approval from relevant regulatory authorities, with both parties expecting to complete all approval processes in the coming months [2] - Upon completion, Robinhood will become one of the few platforms in the U.S. to offer both stock trading and predictive market services [2]