Robinhood Acquires LedgerX, Expanding into Prediction Markets
Update: 2025-11-26
Description
Robinhoods Strategic Move into Prediction Markets: Acquiring LedgerX and Expanding Event ContractsRobinhood, the popular trading app, is making a significant move into prediction markets by acquiring a 90% stake in LedgerX, a derivatives exchange previously owned by FTX. This acquisition follows Robinhoods partnership with Kalshi, offering event contracts that have gained popularity among users. The company aims to capitalize on growing interest in prediction markets, with VP and GM JB Mackenzie stating that this investment will enhance customer experience and product innovation. Analysts believe Robinhood plans to launch its own event contracts, leveraging its distribution to gain a larger share of the market revenue. The acquisition, in partnership with Susquehanna International Group, is expected to close in Q1 2026.
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