M&A
confidence high
sentiment positive
materiality 0.70
MIAX sells 90% of MIAXdx to Robinhood & Susquehanna; retains 10% stake
MIAMI INTERNATIONAL HOLDINGS, INC.
- MIAX to sell 90% of MIAXdx to Robinhood Markets (NASDAQ:HOOD) in partnership with Susquehanna International Group.
- MIAX will retain the remaining 10% equity interest in MIAXdx, a CFTC-regulated DCM and DCO.
- Transaction expected to close in Q1 2026, subject to customary closing conditions and CFTC filings.
- CEO Thomas Gallagher cites expedited access to prediction markets and strategic alignment with industry leaders.
- No purchase price disclosed; MIAX's retained stake provides continued exposure to prediction markets.