Robinhood and trading firm Susquehanna International Group are reportedly acquiring a majority stake in MIAXdx (formerly LedgerX). This regulated exchange was previously affiliated with FTX before being sold during bankruptcy proceedings. The acquisition signals a strategic entry into the prediction markets sector, aiming to leverage MIAXdx's existing regulatory framework. Robinhood is set to launch a new derivatives exchange specifically designed to push into this sector. This move represents a significant diversification for the retail-focused trading platform as it seeks to capture interest in event-based trading, a sector that has seen explosive growth recently. The entry of a major retail player like Robinhood could significantly increase accessibility and liquidity in a niche currently dominated by crypto-native platforms. [Update 1] New reports confirm that Robinhood is explicitly launching this derivatives exchange to target prediction markets, signaling increasing competition for existing crypto-native betting platforms. This move is positioned to capture the growing retail demand for event-based trading instruments.