Robinhood to launch new derivatives exchange for prediction markets push
Robinhood is partnering with Susquehanna to launch a new derivatives exchange and clearinghouse to expand its prediction markets offering.Summary
Robinhood is significantly expanding its focus on prediction markets by forming a joint venture with Susquehanna International Group to create a new futures and derivatives exchange, which will also function as a clearinghouse. This venture will acquire MIAXdx, a designated contract market licensed by the CFTC, from Miami International Holdings, though MIAX will retain a 10% equity stake. Susquehanna will act as the initial liquidity provider, and the new exchange, expected to launch in 2026, will offer derivative products including prediction markets. Robinhood noted that prediction markets are its fastest-growing revenue product, with over 1 million customers trading 9 billion contracts to date, underscoring the need for enhanced infrastructure.
(Source：The Block)