Rothera

Rothera is a U.S. derivatives exchange and clearinghouse regulated by the CFTC, built "for the new trading frontier." A joint venture majority-controlled by Robinhood with investment from Susquehanna International Group, it positions itself as the premier prediction market.

Rothera lists futures-style event contracts across cultural and sporting outcomes with economic implications, macroeconomic hedges, geopolitical and policy risk, and enterprise information discovery via market-driven forecasts.

Launched in mid-2026 after the acquisition and rebrand of MIAXdx, Rothera is the engine behind Robinhood's prediction markets — processing over 3.5 billion contracts in Q2 2026. It serves futures commission merchants and market makers rather than retail users directly.