Catenaa, Sunday, November 30, 2025-Robinhood Markets is partnering with Susquehanna International Group to launch a new futures and derivatives exchange, aiming to expand its prediction markets offerings.
The joint venture will acquire MIAXdx, a derivatives clearing organization and swap execution facility regulated by the Commodity Futures Trading Commission, while MIAX will retain a 10% stake in the new exchange. Operations are expected to begin in 2026.
Susquehanna will serve as an initial liquidity provider, with additional partners to join later. The exchange will offer futures and derivatives products, including prediction markets covering political events, macroeconomic indicators, and sports.
Robinhood noted prediction markets have been its fastest-growing revenue segment, with over 9 billion contracts traded by more than 1 million users.
The launch builds on Robinhood’s previous collaboration with Kalshi, which introduced a prediction markets hub within its app.
In August, Robinhood rolled out sports-related markets for NFL and NCAA football, also via Kalshi.
Robinhood’s joint venture is intended to strengthen infrastructure for these markets and provide innovative products to meet growing customer demand.
The exchange will function as both a trading platform and clearinghouse, positioning Robinhood to capture increased engagement in the expanding prediction market sector.
Robinhood and Susquehanna are launching a new derivatives exchange in 2026 to expand prediction market offerings, acquiring MIAXdx and targeting growing user demand.
