Robinhood Expands into Prediction Markets
Update: 2025-11-26
Description
Robinhood, the popular trading app, is expanding into prediction markets by acquiring a majority stake in MIAX Derivatives Exchange. This move comes as Robinhood aims to grow its presence in this sector, following the acquisition of LedgerX from FTX by MIAX. The deal will give MIAX quicker access to prediction markets and highlights Robinhoods commitment to this evolving sector. Analysts estimate Robinhood generates over three hundred million dollars in annual recurring revenue from prediction markets, and this move could shake up the wider prediction market landscape.
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