Bitcoin Price Targets Set for Robinhood Prediction Market
The price of Bitcoin on August 28, 2026 at 5pm EDT is the subject of a prediction market offered by Robinhood. Traders can bet on whether the price will reach certain thresholds: $77,000 or above, $77,500 or above, and $78,000 or above. The probabilities associated with these outcomes are 59¢, 47¢, and 42¢ respectively.
The contract uses data from CF Benchmarks' Real Time Index (RTI) to determine the final price of Bitcoin at the last minute before expiration. This is done by averaging 60 RTI prices collected in real-time. The payout for correct predictions is $1 per contract, with additional fees applying if traders close their positions before the event resolves.
Robinhood warns that trading futures, options on futures, and cleared swaps involves significant risk and may not be suitable for everyone. Traders should carefully consider their personal financial circumstances before participating in the market.