TLDR Robinhood and Susquehanna International are acquiring 90% stake in MIAX Derivatives Exchange to expand prediction markets operations Since March 2025, Robinhood has processed 9 billion prediction market contracts traded by over 1 million users Customers traded 2.3 billion event contracts on Robinhood’s platform in Q3, more than double the previous quarter The new exchange [...] The post Robinhood (HOOD) Stock: Partners With Susquehanna to Launch Prediction Markets Exchange appeared first on CoinCentral.TLDR Robinhood and Susquehanna International are acquiring 90% stake in MIAX Derivatives Exchange to expand prediction markets operations Since March 2025, Robinhood has processed 9 billion prediction market contracts traded by over 1 million users Customers traded 2.3 billion event contracts on Robinhood’s platform in Q3, more than double the previous quarter The new exchange [...] The post Robinhood (HOOD) Stock: Partners With Susquehanna to Launch Prediction Markets Exchange appeared first on CoinCentral.

Robinhood (HOOD) Stock: Partners With Susquehanna to Launch Prediction Markets Exchange

2025/11/26 15:40

TLDR

  • Robinhood and Susquehanna International are acquiring 90% stake in MIAX Derivatives Exchange to expand prediction markets operations
  • Since March 2025, Robinhood has processed 9 billion prediction market contracts traded by over 1 million users
  • Customers traded 2.3 billion event contracts on Robinhood’s platform in Q3, more than double the previous quarter
  • The new exchange is expected to begin operations in 2026 with Susquehanna as day-one liquidity provider
  • Robinhood currently partners with Kalshi to offer prediction market contracts but plans to list and clear contracts independently

Robinhood Markets and Susquehanna International announced Tuesday they will jointly acquire a 90% stake in MIAX Derivatives Exchange. The move marks a major push into the rapidly growing prediction markets space.

Miami International Holdings will retain a 10% stake in the exchange. The exchange was previously owned by collapsed crypto exchange FTX.

The acquisition will give Robinhood and Susquehanna direct control over listing and clearing prediction-related contracts. This represents a step toward independence from existing partnerships.


HOOD Stock Card
Robinhood Markets, Inc., HOOD

Robinhood currently offers prediction market contracts through a partnership with Kalshi. The platform has seen explosive growth in this area since launching prediction markets in March 2025.

The numbers tell the story. Nine billion contracts have been traded by more than one million users on Robinhood’s platform. That’s in less than nine months.

JB Mackenzie, VP and GM of Futures and International at Robinhood, said the company evaluated multiple options for entering prediction markets. He called the MIAX acquisition “the right lever” for offering institutional and retail futures traders exposure to the growing market.

Trading Volume Doubles Quarter Over Quarter

Customer activity shows strong momentum. Robinhood reported 2.3 billion event contracts traded in the September quarter. That’s more than double the volume from the prior quarter.

The company says customer demand for prediction markets continues to grow rapidly. This makes it one of Robinhood’s fastest-growing product lines by revenue.

Susquehanna will serve as the day-one liquidity provider for the new exchange. The firm already acts as a market maker on Kalshi’s platform.

The new derivatives exchange is expected to launch in 2026. Robinhood will be the controlling partner and market maker.

Competition Heating Up in Prediction Markets

Prediction markets have become one of the hottest offerings in 2025. Traders can speculate on everything from sports matches to political events to celebrity decisions.

Kalshi pioneered the space as one of the first companies approved by the CFTC to operate an exchange for event-based financial contracts. The platform recorded $4.47 billion in trading volume over the last 30 days.

Polymarket, a crypto-based prediction market, has seen $3.58 billion in volume over the same period. Both platforms gained mainstream media attention throughout 2025.

Other crypto exchanges are jumping in too. Crypto.com recently launched a prediction markets platform set to integrate with Trump Media. Gemini filed with the CFTC on November 11 to become a designated contract market for its planned prediction markets offering.

Reports suggest Coinbase is also working on a prediction markets platform. Tech researcher Jane Manchun Wong claimed to find website data indicating development efforts in mid-November.

Mackenzie said Robinhood’s infrastructure investment will position the company to deliver better experiences and more innovative products. The company views prediction markets as a key growth driver going forward.

Robinhood’s move to control its own exchange could increase competition for Kalshi in coming quarters. The platform currently relies on Kalshi’s contracts but will be able to create and clear its own products once the MIAX exchange launches in 2026.

The post Robinhood (HOOD) Stock: Partners With Susquehanna to Launch Prediction Markets Exchange appeared first on CoinCentral.

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