(Reuters) -Robinhood Markets and Susquehanna International Group on Tuesday struck a deal to take over a regulated exchange run by Miami International Holdings, giving the companies a major boost in their push to establish a stronghold in prediction markets.

The companies are acquiring a 90% stake in LedgerX, which was a part of now-defunct crypto exchange FTX. The platform began operating under the MIAX umbrella after parent company Miami International Holdings acquired LedgerX from the FTX bankruptcy proceedings in 2023 for $50 million.

“Robinhood is seeing strong customer demand for prediction markets, and we’re excited to build on that momentum,” said JB Mackenzie, vice president and general manager of futures and international at Robinhood.

Robinhood said that following the transac

See Full Page