Sports Betting Sites / Play / Robinhood Announces New Venture with Susquehanna to Expand Prediction Market Offerings

Robinhood Announces New Venture with Susquehanna to Expand Prediction Market Offerings

TwitterLinkedIn

Publish Date: Nov 25, 2025

Fact checked by: Sara Jane Gamelli

Key Points

Robinhood, Susquehanna International Group announce new exchange, expanding prediction markets for elections, sports and other events.
The new exchange also announced it is acquiring Miami International Holdings-owned MIAXdx
Operations to start sometime in 2026

Menlo Park, California-based Robinhood announced late Tuesday a new partnership with Bala Cynwyd, Pennsylvania-based Susquehanna International Group to launch a new exchange, expanding their prediction market offerings for elections, sports and other future events.

The new exchange also announced it is acquiring Miami International Holdings (MIH)-owned MIAXdx, a business that clears and executes derivatives trades. MIH will hold a 10% equity stake in the new exchange, which will begin operations sometime in 2026.

“Robinhood is seeing strong customer demand for prediction markets, and we’re excited to build on that momentum,” said JB Mackenzie, VP and General Manager of Futures and International at Robinhood in a news release. “Our investment in infrastructure will position us to deliver an even better experience and more innovative products for customers.”

The independent joint venture will serve Futures Commission Merchant (FCM) platforms with futures and derivative products, including prediction markets, which have become Robinhood's fastest-growing product line by revenue.

Robinhood/Susquehanna New Venture

Robinhood Background

Back in mid-August, Robinhood announced a partnership with Kalshi to add pro and college football prediction markets to its app.

The company officially launched their prediction markets on March 17 with the start of the NCAA men's college basketball tournament, allowing users to trade event contracts on real-world outcomes like sports events such as March Madness and economic indicators such as the U.S. Federal Funds Rate.

In February, they offered a brief trial for Super Bowl contracts but was paused due to CFTC regulatory issues.

The results thus far: over nine billion contracts have been traded with more than 1 million customers.

Looking for more news and updates? Head over to our Ballislife Play page.

Play

Betr to Launch Prediction Markets in Polymarket Partnership

Miami, Florida-based Betr announced Wednesday a multi-year partnership with Polymarket to support a future rollout of prediction markets to Betr's one million subscribers. Sometime this year, Betr will launch prediction markets that will be powered by New York-based Polymarket directly within the Betr super app, so subscribers can have access ...

by Lou Monaco

Mar 04, 2026