Miami International Holdings to Sell Majority Stake in LedgerX to Robinhood and Susquehanna

The U.S. Securities and Exchange Commission (SEC) is set to examine tokenization rules, with major players such as Coinbase, Blackrock, Galaxy, and Robinhood participating in the discussions. This initiative reflects the SEC's ongoing efforts to adapt regulatory frameworks to the evolving cryptocurrency landscape.

Robinhood has expanded into prediction markets by acquiring MIAXdx, a platform linked to FTX, positioning itself to compete directly with established players like Kalshi and Polymarket as interest in prediction markets grows.

Robinhood has made a strategic move into the prediction market by acquiring LedgerX, a platform previously associated with FTX, in collaboration with market-making firm SIG. This acquisition is expected to enhance Robinhood's offerings in the growing prediction market sector, which has seen increased interest and participation recently.

Robinhood has experienced significant growth in its prediction markets since their launch in March, with over nine billion contracts traded by more than one million users, marking it as the company's fastest-growing revenue source.