Story perspectives

Robinhood and Susquehanna Acquire 90% of LedgerX Stake

11/26/2025

Summary

Story summary

Robinhood Markets and Susquehanna International Group will acquire a 90% stake in LedgerX, a regulated derivatives exchange formerly linked to FTX.
The deal aims to strengthen their position amid a surge in prediction market activity.
Robinhood plans to launch a futures and derivatives exchange in 2026 to meet rising customer demand.
A Nevada judge ruled Kalshi, a prediction market platform, must comply with gaming regulations, shaping the broader landscape.

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Story summary

Robinhood Markets and Susquehanna International Group will acquire a 90% stake in LedgerX, a regulated derivatives exchange formerly linked to FTX.
The deal aims to strengthen their position amid a surge in prediction market activity.
Robinhood plans to launch a futures and derivatives exchange in 2026 to meet rising customer demand.
A Nevada judge ruled Kalshi, a prediction market platform, must comply with gaming regulations, shaping the broader landscape.