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Stock impact report

Robinhood is pushing deeper into the booming prediction markets, and its stock is surging [Business Insider]

Miami International Holdings, Inc. (MIAX) 
Have an account? Log in Robinhood is deepening its involvement in the booming world of prediction markets. It is partnering with Susquehanna International to expand its offering of event contracts. Robinhood stock surged on Wednesday, adding to this year's stellar gain of over 230%. The move Robinhood stock jumped 9% on Wednesday, shaking off the volatility that has weighed on the stock in November. Wednesday's gain brings the stock's year-to-date rally to 235%. The chart: Why : On Tuesday, Robinhood announced a deal with global trading and technology firm Susquehanna International Group to take over LedgerX, a regulated crypto exchange that was once part of the now-defunct FTX empire. Since the fall of FTX, it has been owned by regulated exchange operator Miami International Holdings, which has sold a 90% stake in the platform to the two companies. "Robinhood is seeing strong customer demand for prediction ?markets, and we're ?excited to build on that momentum," said J Show less Read more
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