In a strategic move to expand its presence in the prediction markets sector, Robinhood has announced its acquisition of LedgerX, a derivatives exchange that was previously owned by FTX. The deal, part of a joint agreement with Susquehanna International, involves the purchase of a majority stake in LedgerX, which was once under the ownership of Miami International Holdings.
This acquisition marks Robinhood’s foray into the prediction markets arena, a move that aligns with the growing interest in this sector. By integrating LedgerX’s capabilities into its platform, Robinhood aims to offer its users access to a wider range of financial products and services, enhancing their trading experience and diversifying their investment options.
According to a report by PYMNTS, the acquisition of LedgerX represents a significant expansion of Robinhood’s prediction markets footprint. By leveraging LedgerX’s expertise in derivatives trading and risk management, Robinhood is poised to strengthen its position in the market and attract a broader base of users seeking exposure to prediction markets.
CoinDesk highlights that the purchase of LedgerX by Robinhood signals a strategic move to capitalize on the increasing demand for prediction markets, positioning the financial services platform to compete directly with other players in the space such as Kalshi and Polymarket. This acquisition underscores Robinhood’s commitment to innovation and diversification, as it seeks to offer its customers new avenues for investment and trading.
Cointelegraph notes that the acquisition of LedgerX, which was previously linked to FTX, underscores Robinhood’s strategic vision to expand its product offerings and cater to the evolving needs of its user base. By entering the prediction markets sector, Robinhood is tapping into a growing market segment and positioning itself for future growth and expansion.
Overall, Robinhood’s acquisition of LedgerX represents a significant milestone in the company’s strategic growth trajectory. By venturing into prediction markets and expanding its product portfolio, Robinhood is demonstrating its commitment to innovation and meeting the evolving needs of its customers in an increasingly competitive financial landscape.
#Robinhood #LedgerX #PredictionMarkets #FinancialServices #Innovation
References:
1. PYMNTS: https://www.pymnts.com/acquisitions/2025/robinhood-expands-prediction-markets-footprint-with-ledgerx-purchase/
2. CoinDesk: https://www.coindesk.com/markets/2025/11/26/robinhood-makes-prediction-market-push-with-purchase-of-former-ftx-platform-ledgerx
3. Cointelegraph: https://cointelegraph.com/news/robinhood-prediction-markets-ftx-linked-acquisition-report?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
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