Miami International Holdings, Inc. announced the sale of 90% equity in MIAX Derivatives Exchange (MIAXdx) to Robinhood Markets in partnership with Susquehanna International Group.
MIAX will retain a 10% stake in MIAXdx.
The transaction offers MIAX access to the prediction markets through its retained equity stake.
Strategic Partnership
MIAX entered into an agreement to sell 90% of MIAXdx equity to Robinhood Markets, retaining a 10% stake for strategic growth opportunities.
Access to Prediction Markets
The transaction provides MIAX with access to prediction markets through the partnership with industry leaders.
Long-Term Value
MIAX aims to offer institutional and retail futures traders exposure in the growing prediction markets for potential long-term value.
- The sale of MIAXdx aligns with MIAX's strategy of partnering with industry leaders to offer innovative trading products.
- The transaction with Robinhood and Susquehanna International Group opens opportunities for MIAX to explore future partnership potentials in delivering products to the market.
- MIAX's entry into prediction markets through this transaction is considered a logical step forward for the company's strategic growth.
The transaction is expected to close in the first quarter of 2026, subject to customary closing conditions and CFTC filings. MIAX's partnership with Robinhood and Susquehanna International Group signifies a significant move towards expanding into prediction markets and providing value to futures traders.