Robinhood Makes Prediction Market Push With Purchase of Former FTX Platform LedgerX

Robinhood has taken a significant step towards expanding its presence in the prediction market space by acquiring LedgerX, a platform that was previously owned by the now-defunct cryptocurrency exchange FTX. This strategic move indicates Robinhood's intention to diversify its offerings and potentially tap into the growing interest in predictive trading and derivatives for cryptocurrencies. With this acquisition, Robinhood not only enhances its technological capabilities but also positions itself as a key player in the evolving landscape of digital asset trading and investment, particularly in the realm of prediction markets. source: https://www.coindesk.com/markets/2025/11/26/robinhood-makes-prediction-market-push-with-purchase-of-former-ftx-platform-ledgerx