Kalshi’s main source of volume, Robinhood, and most notable outside market maker, Susquehanna International Group, will team up to launch their own prediction market without Kalshi, having bought an exchange that is already registered with the Commodity Futures Trading Commission.
However, Robinhood will not be abandoning Kalshi, instead planning to continue offering access to Kalshi’s contracts alongside those offered by its new exchange.
Stock trading platform Robinhood and trading giant Susquehanna will set up a new joint venture to create their own exchange, after acquiring a designated contract market named MIAXdx, which was previously owned by financial firm Miami International Holdings.
