Rothera Exchange, a CFTC-regulated derivatives clearing organization, processed 3.5 billion contracts and generated $17 million in revenue during Q2 2026 as the backend infrastructure powering Robinhood’s prediction market offerings. The platform emerged from a joint venture predominantly controlled by Robinhood with investment from Susquehanna International Group, which acquired and rebranded MIAXdx in January 2026. Live trading launched in late May to early June 2026, starting with sports contracts, and within weeks Rothera ranked among the top three to five US prediction market exchanges by trading volume. Robinhood’s prediction market revenue reached $156 million in Q2 2026, with Rothera’s $17 million representing the exchange’s own cut. The platform plans to expand into event contracts covering elections, politics, and crypto outcomes.
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