Robinhood and Susquehanna acquire a majority stake in LedgerX to enter the prediction market

According to Bloomberg, Robinhood Markets Inc. and Susquehanna International Group are acquiring a majority stake in LedgerX. LedgerX is a U.S.-based derivatives exchange that was previously owned by FTX and is currently operated by Miami International Holdings Inc. This acquisition will provide Robinhood and Susquehanna with a strong new foothold in the rapidly growing prediction markets space, as both companies are ramping up their competition in the prediction markets arms race.