Robinhood Acquires LedgerX for a Major Expansion into Prediction Markets

Robinhood is making a major move in the prediction markets arena. The company has partnered with Susquehanna International Group to acquire majority control of LedgerX, a regulated derivatives clearinghouse, giving them a direct foothold in this rapidly growing market. This strategic acquisition positions Robinhood for increased competition against established players like Kalshi, Polymarket, and Coinbase who are also actively developing event-based trading options.