Robinhood & Susquehanna to Launch New Exchange
Summary
Robinhood and Susquehanna International Group have announced a joint venture to launch a CFTC-licenced exchange and clearinghouse focused on prediction markets, futures and derivative products. Robinhood will be the controlling partner and provide retail distribution, while Susquehanna will act as a day-one liquidity provider. The venture plans to acquire MIAXdx (a CFTC-designated contract market) to speed up rollout; MIAX will take a 10% equity stake.
The move builds on Robinhood’s rapid prediction-markets growth — over a million customers traded roughly 9 billion event contracts in the past year — and aims to offer an institutional-grade venue with broader product choice and improved execution. The exchange is expected to go live in 2026 amid ongoing state-level pushback against prediction markets.
Key Points
- Robinhood and Susquehanna are launching a CFTC-licenced exchange and clearinghouse for prediction markets, futures and derivatives.
- Robinhood will be the controlling partner; Susquehanna will supply day-one liquidity.
- The venture will acquire MIAXdx to accelerate launch; MIAX will hold a 10% equity stake.
- Robinhood reports rapid growth in prediction markets: ~1m customers traded about 9bn event contracts in a year.
- The new exchange aims to offer institutional-grade execution and a wider selection of contracts, targeting a 2026 go-live.
- Regulatory and state-level resistance persists (for example, recent rulings limiting similar products in Nevada).
Why should I read this?
Because this isn’t just another fintech press release — Robinhood is doubling down on prediction markets and teaming with a heavyweight liquidity provider. If you follow gambling, sports betting, retail trading or market infrastructure, this could reshape where and how event contracts trade in the US. Fast read, big implications.
Author style
Punchy: this is a significant strategic move. Robinhood is turning rapid product traction into exchange-level infrastructure — that can change distribution, fees and regulatory focus. Worth the close read if you care about market structure or retail trading trends.
Source
Source: https://www.gamblingnews.com/news/robinhood-susquehanna-to-launch-new-exchange/