Robinhood snaps up 90% of MIAX Derivatives Exchange in prediction market push

Robinhood has smelt the blood in the water and has begun to move quite rapidly to expand its prediction market offerings. Currently partnered with Kalshi, Robinhood has made quite a splash in the industry.

New reports have begun to surface as Robinhood bought up 90% of MIAX Derivatives Exchange. MIAX itself will keep 10%, but this is to allow Robinhood to grow what it can offer on the prediction market side of its business.

MIAXdx will give the business a contract market and clearinghouse, setting up Robinhood in a solid position as prediction markets become the new gambling hotspot.

Earlier in November, Robinhood reported that prediction markets now make $100 million a year for the company. It also said it wouldn’t build its own prediction market, but instead build ties with other companies to provide their services through Robinhood’s own app.

Kalshi integration with Robinhood has seen over 2.3 billion contracts traded in the September quarter. Now, it’s looking to do things itself by buying up the tools required for the industry.

Robinhood dives into prediction markets as more join the fun

Robinhood is introducing a new futures and derivatives exchange and clearinghouse, deepening our investment in Prediction Markets and better positioning us to deliver innovative products to our customers.

More in our newsroom: https://t.co/Hqv6EMXZiD pic.twitter.com/JXDkp3c2Tr

— Robinhood (@RobinhoodApp) November 25, 2025

Prediction markets aren’t regulated like gambling. Despite being essentially just gambling, including sports, it’s vetted by the Commodity Futures Trading Commission (CFTC). This allows Robinhood, Kalshi, and Polymarket to offer almost any type of gambling in all 50 states, regardless of state laws.

The move comes as more competitors appear in the space. Crypto.com has now begun to offer prediction markets, and Coinbase is gearing up to do the same.

Speaking in the press release on the move, Robinhood VP and General Manager of Futures and International, JB Mackenzie, said:

“Robinhood is seeing strong customer demand for prediction markets, and we’re excited to build on that momentum.

“Our investment in infrastructure will position us to deliver an even better experience and more innovative products for customers.”

The company plans to launch its expanded prediction market offerings in 2026.

Featured image: Robinhood

The post Robinhood snaps up 90% of MIAX Derivatives Exchange in prediction market push appeared first on ReadWrite.