Robinhood, Susquehanna Escalate Prediction-Market Arms Race

Robinhood, Susquehanna Escalate Prediction-Market Arms Race

Robinhood Markets Inc. and Susquehanna International Group are taking over a regulated exchange that was tied to the now-defunct crypto business FTX, giving them a powerful new foothold in the fast-growing world of prediction markets.

Robinhood to Acquire MIAXdx in Bid to Supercharge Prediction Markets

In a move reminiscent of a tech giant snatching up a fallen empire’s crown jewel, Robinhood Markets said Tuesday it struck an agreement to acquire MIAXdx, the regulated derivatives exchange and clearinghouse once known as LedgerX—previously tied to the now-defunct FTX. The terms of the deal remain undisclosed, but the acquisition is poised to become Robinhood to acquire MIAXdx as it accelerates its expansion into regulated prediction markets.

Robinhood Eyes Prediction Markets with FTX-Linked Acquisition

The post Robinhood Eyes Prediction Markets with FTX-Linked Acquisition appeared on BitcoinEthereumNews.com. A company with ties to the defunct cryptocurrency exchange FTX is being acquired by Robinhood Markets and Susquehanna International Group as part of a push into the prediction market sector. According to a Reuters report on Tuesday, Robinhood and Susquehanna will acquire a 90% stake in LedgerX, one of the few solvent companies tied to FTX …

Robinhood moves into prediction markets with FTX-linked acquisition

The deal for FTX-linked MIAXdx puts Robinhood and Susquehanna in direct competition with Kalshi and Polymarket as interest in prediction markets heats up. A company with ties to the defunct cryptocurrency exchange FTX is being acquired by Robinhood Markets and Susquehanna International Group as part of a push into the prediction market sector.According to a Reuters report on Tuesday, Robinhood and Susquehanna will acquire a 90% stake in LedgerX,…

Robinhood moves into prediction markets with FTX-linked acquisition

The deal for FTX-linked MIAXdx puts Robinhood and Susquehanna in direct competition with Kalshi and Polymarket as interest in prediction markets …

Robinhood moves into prediction markets with FTX-linked acquisition

Robinhood and Susquehanna International Group are acquiring a 90% stake in the FTX-linked company LedgerX, which was later rebranded as MIAXdx.