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Robinhood and Susquehanna acquire CFTC-approved MIAX
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Robinhood and Susquehanna acquire CFTC-approved MIAX
Robinhood has acquired a controlling stake in the event contract subsidiary of Miami International Holdings (MIAX), in the latest shake-up to the prediction market offering in the US. The deal will see Robinhood acquire a 90% stake in MIAX Derivatives Exchange (MIAXdx), in partnership with market maker Susquehanna International Group. While the fee for the agreement is yet to be disclosed, MIAXdx will retain a 10% stake in the business. MIAX…
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