The post Robinhood’s FTX-Linked MIAXdx Stake Could Boost Competition in Prediction Markets appeared on BitcoinEthereumNews.com. Robinhood Markets and Susquehanna International Group are acquiring a 90% stake in MIAXdx, an FTX-linked exchange formerly known as LedgerX, to expand into prediction markets. This strategic move positions them against competitors like Kalshi and Polymarket amid surging interest in event-based trading platforms. Acquisition Details: Robinhood and Susquehanna secure majority control of MIAXdx, a CFTC-licensed clearinghouse with roots in the FTX ecosystem. The deal follows Robinhood’s recent launch of a futures and derivatives platform, enhancing access to prediction markets for retail investors. Prediction markets grew significantly in 2024, with platforms like Kalshi reaching a $11 billion valuation and Polymarket gaining CFTC approval for U.S. operations. Discover how Robinhood’s acquisition of an FTX-linked exchange boosts its prediction markets entry. Explore competition with Kalshi, Polymarket, and market growth trends in 2024. Stay informed on crypto trading innovations today. What is Robinhood’s Acquisition of the FTX-Linked MIAXdx Exchange? Robinhood’s acquisition of a stake in MIAXdx, formerly LedgerX, marks a pivotal expansion into prediction markets for the trading platform. In a deal announced recently, Robinhood Markets and Susquehanna International Group are purchasing a 90% stake in the U.S. Commodity Futures Trading Commission-licensed exchange and clearinghouse. This acquisition, valued in the context of Miami International Holdings’ prior $50 million purchase in 2023, allows Robinhood to integrate advanced derivatives and event contract offerings shortly after launching its own futures platform. How Does This Position Robinhood Against Competitors in Prediction Markets? The acquisition directly challenges established players like Kalshi and Polymarket, which have dominated the prediction markets space. Kalshi, for instance, saw its valuation soar to $11 billion following a funding round led by Sequoia Capital and CapitalG, reflecting investor confidence in event-based trading tied to real-world outcomes such as U.S. elections. Polymarket, a blockchain-based platform, received CFTC approval to operate a U.S.-intermediated trading venue, enabling broader… The post Robinhood’s FTX-Linked MIAXdx Stake Could Boost Competition in Prediction Markets appeared on BitcoinEthereumNews.com. Robinhood Markets and Susquehanna International Group are acquiring a 90% stake in MIAXdx, an FTX-linked exchange formerly known as LedgerX, to expand into prediction markets. This strategic move positions them against competitors like Kalshi and Polymarket amid surging interest in event-based trading platforms. Acquisition Details: Robinhood and Susquehanna secure majority control of MIAXdx, a CFTC-licensed clearinghouse with roots in the FTX ecosystem. The deal follows Robinhood’s recent launch of a futures and derivatives platform, enhancing access to prediction markets for retail investors. Prediction markets grew significantly in 2024, with platforms like Kalshi reaching a $11 billion valuation and Polymarket gaining CFTC approval for U.S. operations. Discover how Robinhood’s acquisition of an FTX-linked exchange boosts its prediction markets entry. Explore competition with Kalshi, Polymarket, and market growth trends in 2024. Stay informed on crypto trading innovations today. What is Robinhood’s Acquisition of the FTX-Linked MIAXdx Exchange? Robinhood’s acquisition of a stake in MIAXdx, formerly LedgerX, marks a pivotal expansion into prediction markets for the trading platform. In a deal announced recently, Robinhood Markets and Susquehanna International Group are purchasing a 90% stake in the U.S. Commodity Futures Trading Commission-licensed exchange and clearinghouse. This acquisition, valued in the context of Miami International Holdings’ prior $50 million purchase in 2023, allows Robinhood to integrate advanced derivatives and event contract offerings shortly after launching its own futures platform. How Does This Position Robinhood Against Competitors in Prediction Markets? The acquisition directly challenges established players like Kalshi and Polymarket, which have dominated the prediction markets space. Kalshi, for instance, saw its valuation soar to $11 billion following a funding round led by Sequoia Capital and CapitalG, reflecting investor confidence in event-based trading tied to real-world outcomes such as U.S. elections. Polymarket, a blockchain-based platform, received CFTC approval to operate a U.S.-intermediated trading venue, enabling broader…

Robinhood’s FTX-Linked MIAXdx Stake Could Boost Competition in Prediction Markets

  • Acquisition Details: Robinhood and Susquehanna secure majority control of MIAXdx, a CFTC-licensed clearinghouse with roots in the FTX ecosystem.

  • The deal follows Robinhood’s recent launch of a futures and derivatives platform, enhancing access to prediction markets for retail investors.

  • Prediction markets grew significantly in 2024, with platforms like Kalshi reaching a $11 billion valuation and Polymarket gaining CFTC approval for U.S. operations.

Discover how Robinhood’s acquisition of an FTX-linked exchange boosts its prediction markets entry. Explore competition with Kalshi, Polymarket, and market growth trends in 2024. Stay informed on crypto trading innovations today.

What is Robinhood’s Acquisition of the FTX-Linked MIAXdx Exchange?

Robinhood’s acquisition of a stake in MIAXdx, formerly LedgerX, marks a pivotal expansion into prediction markets for the trading platform. In a deal announced recently, Robinhood Markets and Susquehanna International Group are purchasing a 90% stake in the U.S. Commodity Futures Trading Commission-licensed exchange and clearinghouse. This acquisition, valued in the context of Miami International Holdings’ prior $50 million purchase in 2023, allows Robinhood to integrate advanced derivatives and event contract offerings shortly after launching its own futures platform.

How Does This Position Robinhood Against Competitors in Prediction Markets?

The acquisition directly challenges established players like Kalshi and Polymarket, which have dominated the prediction markets space. Kalshi, for instance, saw its valuation soar to $11 billion following a funding round led by Sequoia Capital and CapitalG, reflecting investor confidence in event-based trading tied to real-world outcomes such as U.S. elections. Polymarket, a blockchain-based platform, received CFTC approval to operate a U.S.-intermediated trading venue, enabling broader participation in crypto-linked predictions.

This competitive landscape has intensified since a federal court ruling in October 2024 permitted Kalshi to offer election-related event contracts, unlocking billions in potential trading volume. According to reports from financial analysts at Bloomberg, prediction markets processed over $3 billion in bets during the 2024 U.S. presidential election cycle alone, a figure that underscores the sector’s rapid growth. Robinhood’s entry, bolstered by MIAXdx’s infrastructure, provides a regulated pathway for retail traders to engage without the volatility risks of pure crypto exchanges.

Expert insights from regulatory specialists, such as those shared in a CoinDesk analysis, highlight that traditional finance firms like Robinhood are leveraging legacy solvency—MIAXdx being one of the few FTX affiliates to emerge intact from the 2022 bankruptcy—to bridge gaps between conventional trading and innovative prediction tools. Susquehanna, a quantitative trading powerhouse, brings algorithmic expertise to optimize market liquidity, potentially reducing spreads and attracting institutional players. Meanwhile, Coinbase’s reported collaboration with Kalshi aims to embed prediction features into its existing crypto ecosystem, further blurring lines between spot trading and derivatives.

The FTX connection adds layers of scrutiny, given the exchange’s collapse amid fraud allegations, but MIAXdx’s independent operations and CFTC oversight have maintained its credibility. Thomas Gallagher, CEO and Chair of Miami International Holdings, which retains a 10% stake, stated, “Through our retained equity stake, the transaction announced today will provide MIAX with access to the growing prediction markets on an expedited basis.” This partnership ensures continuity for MIAXdx’s role as a clearinghouse, processing trades efficiently under stringent U.S. regulations.

Market reactions were swift: Robinhood’s shares on Nasdaq climbed approximately 8% post-announcement, trading around $125.24, signaling investor optimism about diversified revenue streams beyond stock and crypto trading. Prediction markets, often powered by blockchain for transparency, allow users to wager on outcomes like economic indicators or geopolitical events, with settlements based on verified results. This model’s appeal lies in its crowd-sourced accuracy, as studies from the University of Iowa’s Tippie College of Business indicate prediction markets can forecast events with up to 90% accuracy, outperforming traditional polls in many cases.

For crypto enthusiasts, the acquisition signals mainstream adoption of decentralized finance principles within regulated frameworks. LedgerX, rebranded as MIAXdx under Miami International Holdings, specialized in crypto derivatives prior to FTX’s downfall, offering Bitcoin and Ethereum options that now extend to prediction instruments. By aligning with Robinhood, it democratizes access, potentially onboarding millions of users familiar with the app’s intuitive interface.

Frequently Asked Questions

What Are the Implications of Robinhood Acquiring an FTX-Linked Company for Crypto Traders?

The acquisition of MIAXdx by Robinhood and Susquehanna offers crypto traders enhanced access to regulated prediction markets without direct exposure to FTX’s past issues. As one of the few solvent FTX affiliates, MIAXdx provides a stable platform for derivatives trading, potentially lowering barriers for retail participation in event contracts and boosting overall market liquidity through integrated futures offerings.

How Has the Prediction Markets Sector Evolved Since the 2024 U.S. Elections?

The prediction markets sector has expanded rapidly since the 2024 U.S. elections, with platforms like Kalshi and Polymarket attracting massive investments and regulatory nods. This growth stems from court approvals for election betting and innovations in blockchain settlement, making it easier for users to predict outcomes on politics, sports, and finance with real-time, transparent results that appeal to both novice and professional traders.

Key Takeaways

  • Strategic Expansion: Robinhood’s 90% stake in MIAXdx accelerates its entry into prediction markets, combining retail accessibility with professional-grade clearing.
  • Competitive Edge: The deal intensifies rivalry with Kalshi’s $11 billion valuation and Polymarket’s CFTC-approved U.S. platform, driven by 2024’s election betting surge.
  • Market Optimism: Robinhood shares rose 8% to $125.24, reflecting investor confidence in diversified trading tools amid crypto’s integration with traditional finance.

Conclusion

Robinhood’s acquisition of a majority stake in the FTX-linked MIAXdx exchange, alongside Susquehanna, underscores the accelerating convergence of cryptocurrency derivatives and prediction markets. With competitors like Kalshi and Polymarket setting high benchmarks through regulatory wins and funding booms, this move equips Robinhood to capture a slice of the burgeoning sector that saw explosive growth in 2024. As prediction markets continue to evolve, offering accurate forecasting and new investment avenues, traders should monitor upcoming platform launches for opportunities to diversify portfolios in a regulated environment—stay tuned for further developments in crypto trading innovations.

Source: https://en.coinotag.com/robinhoods-ftx-linked-miaxdx-stake-could-boost-competition-in-prediction-markets

Market Opportunity
Boost Logo
Boost Price(BOOST)
$0.001719
$0.001719$0.001719
-0.57%
USD
Boost (BOOST) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Husky Inu (HINU) Completes Move To $0.00020688

Husky Inu (HINU) Completes Move To $0.00020688

Husky Inu (HINU) has completed its latest price jump, rising from $0.00020628 to $0.00020688. The price jump is part of the project’s pre-launch phase, which began on April 1, 2025.
Share
Cryptodaily2025/09/18 01:10
US Senate Releases Draft Crypto Bill Establishing Clear Regulatory Framework for Digital Assets

US Senate Releases Draft Crypto Bill Establishing Clear Regulatory Framework for Digital Assets

TLDR: Bill resolves SEC-CFTC conflict by assigning clear regulatory authority over securities and commodities respectively. Ancillary assets category exempts network
Share
Blockonomi2026/01/14 04:57
Unprecedented Surge: Gold Price Hits Astounding New Record High

Unprecedented Surge: Gold Price Hits Astounding New Record High

BitcoinWorld Unprecedented Surge: Gold Price Hits Astounding New Record High While the world often buzzes with the latest movements in Bitcoin and altcoins, a traditional asset has quietly but powerfully commanded attention: gold. This week, the gold price has once again made headlines, touching an astounding new record high of $3,704 per ounce. This significant milestone reminds investors, both traditional and those deep in the crypto space, of gold’s enduring appeal as a store of value and a hedge against uncertainty. What’s Driving the Record Gold Price Surge? The recent ascent of the gold price to unprecedented levels is not a random event. Several powerful macroeconomic forces are converging, creating a perfect storm for the precious metal. Geopolitical Tensions: Escalating conflicts and global instability often drive investors towards safe-haven assets. Gold, with its long history of retaining value during crises, becomes a preferred choice. Inflation Concerns: Persistent inflation in major economies erodes the purchasing power of fiat currencies. Consequently, investors seek assets like gold that historically maintain their value against rising prices. Central Bank Policies: Many central banks globally are accumulating gold at a significant pace. This institutional demand provides a strong underlying support for the gold price. Furthermore, expectations around interest rate cuts in the future also make non-yielding assets like gold more attractive. These factors collectively paint a picture of a cautious market, where investors are looking for stability amidst a turbulent economic landscape. Understanding Gold’s Appeal in Today’s Market For centuries, gold has held a unique position in the financial world. Its latest record-breaking performance reinforces its status as a critical component of a diversified portfolio. Gold offers a tangible asset that is not subject to the same digital vulnerabilities or regulatory shifts that can impact cryptocurrencies. While digital assets offer exciting growth potential, gold provides a foundational stability that appeals to a broad spectrum of investors. Moreover, the finite supply of gold, much like Bitcoin’s capped supply, contributes to its perceived value. The current market environment, characterized by economic uncertainty and fluctuating currency values, only amplifies gold’s intrinsic benefits. It serves as a reliable hedge when other asset classes, including stocks and sometimes even crypto, face downward pressure. How Does This Record Gold Price Impact Investors? A soaring gold price naturally raises questions for investors. For those who already hold gold, this represents a significant validation of their investment strategy. For others, it might spark renewed interest in this ancient asset. Benefits for Investors: Portfolio Diversification: Gold often moves independently of other asset classes, offering crucial diversification benefits. Wealth Preservation: It acts as a robust store of value, protecting wealth against inflation and economic downturns. Liquidity: Gold markets are highly liquid, allowing for relatively easy buying and selling. Challenges and Considerations: Opportunity Cost: Investing in gold means capital is not allocated to potentially higher-growth assets like equities or certain cryptocurrencies. Volatility: While often seen as stable, gold prices can still experience significant fluctuations, as evidenced by its rapid ascent. Considering the current financial climate, understanding gold’s role can help refine your overall investment approach. Looking Ahead: The Future of the Gold Price What does the future hold for the gold price? While no one can predict market movements with absolute certainty, current trends and expert analyses offer some insights. Continued geopolitical instability and persistent inflationary pressures could sustain demand for gold. Furthermore, if global central banks continue their gold acquisition spree, this could provide a floor for prices. However, a significant easing of inflation or a de-escalation of global conflicts might reduce some of the immediate upward pressure. Investors should remain vigilant, observing global economic indicators and geopolitical developments closely. The ongoing dialogue between traditional finance and the emerging digital asset space also plays a role. As more investors become comfortable with both gold and cryptocurrencies, a nuanced understanding of how these assets complement each other will be crucial for navigating future market cycles. The recent surge in the gold price to a new record high of $3,704 per ounce underscores its enduring significance in the global financial landscape. It serves as a powerful reminder of gold’s role as a safe haven asset, a hedge against inflation, and a vital component for portfolio diversification. While digital assets continue to innovate and capture headlines, gold’s consistent performance during times of uncertainty highlights its timeless value. Whether you are a seasoned investor or new to the market, understanding the drivers behind gold’s ascent is crucial for making informed financial decisions in an ever-evolving world. Frequently Asked Questions (FAQs) Q1: What does a record-high gold price signify for the broader economy? A record-high gold price often indicates underlying economic uncertainty, inflation concerns, and geopolitical instability. Investors tend to flock to gold as a safe haven when they lose confidence in traditional currencies or other asset classes. Q2: How does gold compare to cryptocurrencies as a safe-haven asset? Both gold and some cryptocurrencies (like Bitcoin) are often considered safe havens. Gold has a centuries-long history of retaining value during crises, offering tangibility. Cryptocurrencies, while newer, offer decentralization and can be less susceptible to traditional financial system failures, but they also carry higher volatility and regulatory risks. Q3: Should I invest in gold now that its price is at a record high? Investing at a record high requires careful consideration. While the price might continue to climb due to ongoing market conditions, there’s also a risk of a correction. It’s crucial to assess your personal financial goals, risk tolerance, and consider diversifying your portfolio rather than putting all your capital into a single asset. Q4: What are the main factors that influence the gold price? The gold price is primarily influenced by global economic uncertainty, inflation rates, interest rate policies by central banks, the strength of the U.S. dollar, and geopolitical tensions. Demand from jewelers and industrial uses also play a role, but investment and central bank demand are often the biggest drivers. Q5: Is gold still a good hedge against inflation? Historically, gold has proven to be an effective hedge against inflation. When the purchasing power of fiat currencies declines, gold tends to hold its value or even increase, making it an attractive asset for preserving wealth during inflationary periods. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin’s price action. This post Unprecedented Surge: Gold Price Hits Astounding New Record High first appeared on BitcoinWorld.
Share
Coinstats2025/09/18 02:30