The post Robinhood Joins the Race Against Kalshi and Polymarket After New Acquisition appeared on BitcoinEthereumNews.com. Fintech Robinhood is making one of its most aggressive moves yet into derivatives and prediction markets, and its latest acquisition signals that the retail trading giant wants a seat at the very top of the sector. Key Takeaways Robinhood and Susquehanna are taking majority control of LedgerX, giving Robinhood a regulated gateway into prediction markets. The deal places Robinhood in direct competition with Kalshi, Polymarket and Coinbase as event-based trading rapidly expands. Markets reacted positively, sending Robinhood shares sharply higher after the acquisition was reported. Rather than building the infrastructure from scratch, the company — alongside Susquehanna International Group — has secured controlling ownership of LedgerX, a derivatives clearinghouse that once sat inside the FTX corporate structure but remained solvent after the exchange’s collapse. A Strategic Shortcut Into Regulated Derivatives The acquisition gives Robinhood a rare asset: a federally licensed venue approved to handle futures and event-based contracts. For a company expanding beyond stock trading and crypto, that instantly removes years of regulatory hurdles. The timing of the deal is no coincidence. Earlier the same day, Robinhood introduced a new futures and derivatives division centered on prediction markets — the increasingly popular financial segment where users trade on the outcome of real-world events. LedgerX, currently operating under the MIAXdx name following a 2023 sale to Miami International Holdings, now shifts control to Robinhood and Susquehanna. MIAX will stay on board with a minority 10% stake. A Crowded Battlefield Is Taking Shape The prediction-market space has undergone a dramatic transformation this year, fueled by regulatory breakthroughs and soaring demand for event-based trading — especially around election markets. Kalshi, after winning a legal fight to list U.S. election contracts, has ballooned to an $11 billion valuation. Polymarket just earned approval from the Commodity Futures Trading Commission to operate an intermediated U.S. platform.… The post Robinhood Joins the Race Against Kalshi and Polymarket After New Acquisition appeared on BitcoinEthereumNews.com. Fintech Robinhood is making one of its most aggressive moves yet into derivatives and prediction markets, and its latest acquisition signals that the retail trading giant wants a seat at the very top of the sector. Key Takeaways Robinhood and Susquehanna are taking majority control of LedgerX, giving Robinhood a regulated gateway into prediction markets. The deal places Robinhood in direct competition with Kalshi, Polymarket and Coinbase as event-based trading rapidly expands. Markets reacted positively, sending Robinhood shares sharply higher after the acquisition was reported. Rather than building the infrastructure from scratch, the company — alongside Susquehanna International Group — has secured controlling ownership of LedgerX, a derivatives clearinghouse that once sat inside the FTX corporate structure but remained solvent after the exchange’s collapse. A Strategic Shortcut Into Regulated Derivatives The acquisition gives Robinhood a rare asset: a federally licensed venue approved to handle futures and event-based contracts. For a company expanding beyond stock trading and crypto, that instantly removes years of regulatory hurdles. The timing of the deal is no coincidence. Earlier the same day, Robinhood introduced a new futures and derivatives division centered on prediction markets — the increasingly popular financial segment where users trade on the outcome of real-world events. LedgerX, currently operating under the MIAXdx name following a 2023 sale to Miami International Holdings, now shifts control to Robinhood and Susquehanna. MIAX will stay on board with a minority 10% stake. A Crowded Battlefield Is Taking Shape The prediction-market space has undergone a dramatic transformation this year, fueled by regulatory breakthroughs and soaring demand for event-based trading — especially around election markets. Kalshi, after winning a legal fight to list U.S. election contracts, has ballooned to an $11 billion valuation. Polymarket just earned approval from the Commodity Futures Trading Commission to operate an intermediated U.S. platform.…