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Alert
Robinhood Acquires Former FTX Unit LedgerX to Enter Prediction Markets
11/26/2025, 14:59
11/26/2025, 15:36
AI SUMMARY
●Robinhood acquires LedgerX to launch compliant prediction market products.
●The deal leverages LedgerX's regulatory licenses formerly held by FTX.
●This signals a major push by retail brokers into event derivatives.
Robinhood has made a strategic move into the prediction market sector by purchasing the platform formerly known as LedgerX. According to reports, the retail brokerage giant is acquiring the derivatives exchange, which was previously a subsidiary of FTX, to bolster its infrastructure for prediction markets and other derivative products.
LedgerX is a fully regulated platform holding key licenses, which allows Robinhood to offer event-wagering and other derivative products under a compliant framework. This acquisition aligns with a broader trend of retail trading platforms seeking to capture volume in the growing prediction market space, leveraging regulatory moats to compete with crypto-native betting platforms.
[Update 1] New reports confirm that the primary motivation behind the acquisition is specifically to facilitate Robinhood's entry into the prediction market sector, utilizing LedgerX's existing regulatory status to offer compliant event-wagering products.