Core Insights - Robinhood stock experienced a 9% increase on Wednesday, contributing to a year-to-date gain of 235% [1][2] Company Developments - Robinhood announced a partnership with Susquehanna International Group to acquire LedgerX, a regulated crypto exchange previously part of FTX [2][6] - The acquisition includes a 90% stake in LedgerX, enhancing Robinhood's position in the prediction markets [2][6] Market Trends - There is strong customer demand for prediction markets, which Robinhood aims to capitalize on [3][5] - Prediction markets have become Robinhood's fastest-growing product line by revenue, with over 9 billion contracts traded by more than 1 million customers within a year of launch [5][6] Strategic Implications - The acquisition of a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) will enable Robinhood to offer futures and options on futures, as well as clear trades in various derivatives [5][6] - This strategic move positions Robinhood to further expand its offerings in the rapidly growing prediction market sector [6]