Robinhood announced a significant expansion of its prediction markets business, launching an institutional-grade futures and derivatives exchange and clearinghouse. The initiative is being led by a new independent joint venture in which Robinhood Markets will serve as the controlling partner. The move strengthens the company’s long-term strategy to scale prediction markets and develop a broader suite of futures and derivatives products for retail and institutional users.
The joint venture will feature Susquehanna International Group as a key partner and day-one liquidity provider, bringing deep market-making capabilities as Robinhood looks to accelerate delivery of advanced products. Additional liquidity providers will be added to support execution quality.
To expedite regulatory and operational readiness, the venture will acquire MIAXdx, a fully licensed CFTC-regulated Designated Contract Market, Derivatives Clearing Organization, and Swap Execution Facility operated by Miami International Holdings, Inc. MIAX will retain a strategic 10 percent equity stake in the newly formed exchange. Once operational, the exchange will serve Robinhood Derivatives and third-party Futures Commission Merchant platforms.
Prediction markets have emerged as Robinhood’s fastest-growing revenue segment since launching one year ago, with more than one million customers trading nine billion contracts to date. The introduction of dedicated exchange infrastructure is expected to deliver greater product variety, more efficient contract development, and faster market rollouts. Robinhood expects to begin exchange operations in 2026.
Founded on a mission to increase participation in financial markets, Robinhood Markets, Inc. continues to broaden its platform offerings across stocks, options, futures, crypto, retirement products, and advisor-managed portfolios. The company is headquartered in Menlo Park, California.
KEY QUOTES:
“Robinhood is seeing strong customer demand for prediction markets, and we’re excited to build on that momentum. Our investment in infrastructure will position us to deliver an even better experience and more innovative products for customers.”
JB Mackenzie, VP and General Manager of Futures and International, Robinhood
