Robinhood Extends its Prediction Markets Offering through New Joint Venture and Partnership with Susquehanna to Operate CFTC-Licensed Exchange and Clearinghouse

The independent joint venture will serve Futures Commission Merchant (FCM) platforms with futures and derivative products, including prediction markets

Robinhood is introducing a futures and derivatives exchange and clearinghouse, deepening our investment in Prediction Markets and better positioning us to deliver innovative products to our customers. 

“Robinhood is seeing strong customer demand for prediction markets, and we’re excited to build on that momentum,” said JB Mackenzie, VP and General Manager of Futures and International at Robinhood. “Our investment in infrastructure will position us to deliver an even better experience and more innovative products for customers.”

The independent exchange will be managed by a joint venture with Robinhood Markets, Inc. serving as the controlling partner and providing strong retail demand and distribution. Market making leader Susquehanna International Group has been brought on as a key partner and day-one liquidity provider, with other liquidity providers to be added to ensure the best possible execution for customers. The venture will accelerate delivery of its services by acquiring MIAXdx, a CFTC-licensed Designated Contract Market (DCM), Derivatives Clearing Organization (DCO) and Swap Execution Facility (SEF), and wholly-owned subsidiary of Miami International Holdings, Inc. (MIAX) (NYSE: MIAX). MIAX will remain invested through a strategic 10% equity stake in the exchange. 

Prediction Markets have quickly become Robinhood’s fastest-growing product line by revenue. Just one year since launch, 9 billion contracts have been traded by more than 1 million Robinhood customers. By introducing a robust, institutional-grade exchange to the market, we’ll add more choices for consumers. We’ll also gain the flexibility to build faster and deliver more contracts and services to traders.

The exchange will serve Robinhood Derivatives and other FCMs, and is expected to begin operations in 2026. 

About Robinhood Markets, Inc. 

Robinhood Markets, Inc. (NASDAQ: HOOD) transformed financial services by introducing commission-free stock trading and democratizing access to the markets for millions of investors. Today, Robinhood, through its subsidiaries, lets you trade stocks, options, futures (which includes event contracts), and crypto, invest for retirement, earn with Robinhood Gold, and access an expert-managed portfolio with Robinhood Strategies. Headquartered in Menlo Park, California, Robinhood puts customers in the driver's seat, delivering unprecedented value and products intentionally designed for a new generation of investors. Additional information about Robinhood can be found at www.robinhood.com.

Forward-Looking Statements

This blog post includes forward-looking statements about, among other things, the proposed acquisition of MIAXdx, the formation and expected operations of the new joint venture, anticipated timing, and future products and services. Actual results may differ materially due to various risks and uncertainties, including the satisfaction of closing conditions, regulatory approvals, maintenance of applicable regulatory licenses, integration challenges, and other factors described in Robinhood Markets, Inc.’s filings with the Securities and Exchange Commission. Robinhood undertakes no obligation to update these statements, except as required by law.

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