Robinhood

Bitcoin

Polymarket

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 <p><strong>Key Takeaways</strong></p>
 <ul>
  <li><strong>Robinhood and Susquehanna are taking majority control of LedgerX, giving Robinhood a regulated gateway into prediction markets.</strong></li>
  <li><strong>The deal places Robinhood in direct competition with Kalshi, Polymarket and Coinbase as event-based trading rapidly expands.</strong></li>
  <li><strong>Markets reacted positively, sending Robinhood shares sharply higher after the acquisition was reported.</strong></li>
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<p>Rather than building the infrastructure from scratch, the company — alongside Susquehanna International Group — has secured controlling ownership of LedgerX, a derivatives clearinghouse that once sat inside the FTX corporate structure but remained solvent after the exchange’s collapse.</p>
<h2 id="a-strategic-shortcut-into-regulated-derivatives">A Strategic Shortcut Into Regulated Derivatives</h2>
<p>The <strong><a href="https://www.reuters.com/sustainability/boards-policy-regulation/robinhood-susquehanna-take-over-exchange-ledgerx-prediction-markets-push-2025-11-26/" rel="noopener noreferrer nofollow">acquisition</a> </strong>gives Robinhood a rare asset: a federally licensed venue approved to handle futures and event-based contracts. For a company expanding beyond stock trading and crypto, that instantly removes years of regulatory hurdles.</p>
<p>The timing of the deal is no coincidence. Earlier the same day, Robinhood introduced a new futures and derivatives division centered on prediction markets — the increasingly popular financial segment where users trade on the outcome of real-world events.</p>
<p>LedgerX, currently operating under the MIAXdx name following a 2023 sale to Miami International Holdings, now shifts control to Robinhood and Susquehanna. MIAX will stay on board with a minority 10% stake.</p>
<div class="read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light">
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<h2 id="a-crowded-battlefield-is-taking-shape">A Crowded Battlefield Is Taking Shape</h2>
<p>The prediction-market space has undergone a dramatic transformation this year, fueled by regulatory breakthroughs and soaring demand for event-based trading — especially around election markets.</p>
<p>Kalshi, after winning a legal fight to list U.S. election contracts, has ballooned to an $11 billion valuation. Polymarket just earned approval from the Commodity Futures Trading Commission to operate an intermediated U.S. platform. Coinbase is also rumored to be working on a competing product.</p>
<p>With LedgerX in hand, Robinhood now enters the competition with a regulated clearinghouse, unmatched brand reach among retail traders, and a track record of scaling market-moving products quickly.</p>
<p>Investors appeared to back the move immediately. Robinhood’s stock surged on the Nasdaq following the announcement, gaining nearly 8% and reaching $125.24 in the hours after news broke.</p>
<p style="text-align: center;"><em><span style="text-decoration: underline;"><strong>The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or <a rel="noopener noreferrer nofollow">cryptocurrency</a>. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.</strong></span></em></p>
<p>The post <a href="https://coindoo.com/robinhood-joins-the-race-against-kalshi-and-polymarket-after-new-acquisition/" rel="noopener noreferrer nofollow">Robinhood Joins the Race Against Kalshi and Polymarket After New Acquisition</a> appeared first on <a href="https://coindoo.com" rel="noopener noreferrer nofollow">Coindoo</a>.</p>

Robinhood Joins the Race Against Kalshi and Polymarket After New Acquisition

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