Coinspeaker
Nov 27, 2025
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Robinhood Expands Prediction Markets with LedgerX Acquisition

Robinhood Expands into Prediction Markets

Robinhood Markets, Inc. (Nasdaq: HOOD) is entering the prediction markets through a joint venture with Susquehanna International Group by acquiring LedgerX, a regulated crypto derivatives exchange.

  • The partnership will establish a futures and derivatives exchange and clearinghouse.
  • Susquehanna will provide liquidity, while other market makers are expected to join.
  • MIAXdx, formerly LedgerX, is a CFTC-licensed entity for Bitcoin options and was part of FTX before its collapse.
  • Miami International Holdings retains a 10% equity stake in the new setup.

HOOD stocks | Source: Yahoo! Finance

Prediction Markets Growth

  • Prediction markets have become Robinhood's fastest-growing product line with over 9 billion contracts traded by more than 1 million customers in one year.
  • The new exchange will support Robinhood Derivatives and other platforms, with operations expected to start in 2026.

Stock Performance

  • HOOD stock rose over 12% on November 26, 2025, contributing to a yearly increase of over 243%.
  • Current trading price is approximately $128.49, up from $115.57 the previous day.
  • Bank of America raised its target price to $157.00, maintaining a "buy" rating due to the expansion.