Robinhood and Susquehanna are buying 90% of LedgerX, giving them direct control of a US-regulated derivatives exchange.
Robinhood customers already traded 2.3b event contracts last quarter, up more than 2× the prior quarter.
A full-blown arms race is underway: DraftKings, FanDuel–CME, and Polymarket have all acquired US-regulated exchanges.
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Robinhood and Susquehanna are buying 90% of LedgerX, giving them direct control of a US-regulated derivatives exchange.
Robinhood customers already traded 2.3b event contracts last quarter, up more than 2× the prior quarter.
A full-blown arms race is underway: DraftKings, FanDuel–CME, and Polymarket have all acquired US-regulated exchanges.