Robinhood to Launch Prediction Markets Exchange

Robinhood announced its own derivatives exchange to develop prediction markets.

Online broker Robinhood announced the creation of its own derivatives exchange and clearinghouse. The initiative aims to develop prediction markets.

An independent platform will be managed by a joint venture under the control of Robinhood Markets. The key partner and liquidity provider will be market maker Susquehanna International Group. The list of providers will be expanded in the future to ensure better order execution.

To implement the plans, the partners will acquire the MIAXdx platform from Miami International Holdings. The deal includes obtaining the necessary licenses from the CFTC. MIAX will retain a 10% stake in the new exchange.

According to the company, prediction markets have become Robinhood’s fastest-growing revenue product. Since its launch a year ago, over 1 million users have executed 9 billion contracts.

Robinhood Vice President JB Mackenzie noted the high demand from clients for this tool. The proprietary infrastructure will allow the company to manage processes flexibly and introduce new products more quickly.

The exchange is expected to start operations in 2026. The platform will serve the Robinhood Derivatives division and third-party futures trading brokers.

Back in November, rumors emerged that the largest American platform, Coinbase, plans to integrate Kalshi into its services.

Later, Mike Novogratz revealed that Galaxy Digital is in talks with platforms Polymarket and Kalshi to provide market-making services.