Robinhood Moves In as Prediction Market Exchange Changes Hands

The world of financial trading is shifting rapidly, and Robinhood Markets, widely known as Robinhood, is pushing hard to stay ahead. Recently, Robinhood struck a major deal that could reshape its path. In late November 2025, Robinhood and Susquehanna International Group agreed to take over a regulated exchange previously operated by Miami International Holdings. The exchange, known as LedgerX (formerly part of the defunct FTX), is now 90% owned by Robinhood and Susquehanna, with Miami International Holdings retaining a 10% stake.