On Tuesday, Robinhood Markets and Susquehanna International Group inked a deal to acquire a substantial 90% stake in LedgerX. LedgerX is a regulated exchange that's run by Miami International Holdings, which will hold on to the remaining 10% stake. This strategic acquisition is poised to give both companies a solid footing in the prediction market. Once the deal is finalized, the two entities will set up a joint venture aimed at launching a futures and derivatives exchange, along with a corresponding clearinghouse. The financial specifics of the deal have not been made public.
