Robinhood Acquires Majority Stake in LedgerX to Expand Prediction Market Offerings
- Robinhood has acquired a 90% stake in derivatives exchange LedgerX, previously owned by FTX.
- The acquisition was made in partnership with Susquehanna International Group, with Miami International Holdings retaining a 10% stake.
- Shares of Robinhood (HOOD) rose over 8% to $125 following the announcement.
- The transaction is expected to close in the first quarter of 2026, pending regulatory approval.
Robinhood’s acquisition of LedgerX marks a strategic move to expand its presence in the prediction market sector by leveraging its existing partnership with Kalshi and introducing its own event contracts. The deal positions Robinhood to enhance product offerings and capture more market share.
This expansion effort is reflected in the significant rise in HOOD stock prices, indicating investor confidence as Robinhood aims for further growth and innovation within the market. (Source)
