Robinhood Acquires FTX’s LedgerX Platform to Launch Prediction Market Exchange

Robinhood, the popular trading platform, has made a bold move into the booming prediction market sector by acquiring a majority stake in MIAXdx. This acquisition gives Robinhood a ready-made infrastructure for expanding its derivatives offerings and caters to increasing demand from customers. The deal sees Robinhood partnering with Susquehanna International Group, another leading market maker, to establish an independent exchange that will offer futures and derivative products.