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Miami International Holdings Announces Sale of MIAXdx to Robinhood Markets in Partnership with Susquehanna International Group
MIAX sells majority of MIAXdx to Robinhood and Susquehanna while retaining 10% to focus on strategic growth, with closing expected in Q1 2026.
- Miami International Holdings revealed it will sell 90% of MIAXdx to Robinhood in partnership with Susquehanna, retaining 10% ownership, from Princeton, N.J. and Miami.
- MIAX said the deal is a logical step to focus on strategic growth within its core exchanges, and Thomas P. Gallagher said, `Through our retained equity stake, the transaction announced today will provide MIAX with access to the growing prediction markets on an expedited basis`.
- MIAX noted that MIAX Derivatives Exchange is a Designated Contract Market and Derivatives Clearing Organization with Commodity Futures Trading Commission approval, and the sale is expected to close in the first quarter of 2026 subject to customary conditions and filings.
- MIAX framed the deal as a partnership to offer innovative products and gain prediction market exposure, while JB Mackenzie, VP and GM at Robinhood, said they are "excited to continue working with MIAX as investors."
- Given MIAX's footprint, Miami International Holdings, Inc. operates nine exchanges and cautioned the announcement includes forward-looking statements subject to risks and uncertainties.
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Total News Sources58
Leaning Left4Leaning Right1Center16Last UpdatedBias Distribution76% Center
Bias Distribution
- 76% of the sources are Center
76% Center
L 19%
C 76%
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