Core Viewpoint - Robinhood Markets, Inc. is expanding into prediction markets through a joint venture with Susquehanna International Group, acquiring LedgerX to launch a futures and derivatives exchange, enhancing its presence in the prediction market industry [1][2]. Group 1: Joint Venture Structure - The independent exchange will be managed by the joint venture, with Robinhood as the controlling partner and Susquehanna International Group providing initial liquidity [2]. - The venture will acquire MIAXdx, a CFTC-licensed Designated Contract Market, Derivatives Clearing Organization, and Swap Execution Facility, previously known as LedgerX [3]. Group 2: Prediction Markets Momentum - Prediction markets have become Robinhood's fastest-growing product line, with over 9 billion contracts traded by more than 1 million customers in one year [4]. - The new exchange aims to provide a broader selection of futures and derivatives to traders, with operations expected to begin in 2026 [4]. Group 3: Stock Performance - Following the announcement, Robinhood stock surged over 12% on November 26, 2025, contributing to a year-to-date rally of over 243% [5]. - At the time of writing, HOOD is trading at approximately $128.49, with analysts citing the expansion into prediction markets as a key driver for the recent price momentum [6].

(Reuters) -Robinhood Markets and Susquehanna International Group on Tuesday struck a deal to take over a regulated exchange run by ​Miami International Holdings, giving the companies a major boost in their push ‌to establish a stronghold in prediction markets. The companies are acquiring a 90% stake in LedgerX, ‌which was a part of now-defunct crypto exchange FTX. The platform began operating under the MIAX umbrella after parent company Miami International Holdings acquired LedgerX from the FTX bankruptcy ...