Robinhood Bets on Bitcoin Hitting $85,300 by October 2026

On October 6, 2026, at 4pm EDT, the price of Bitcoin (BTC) will be determined by a prediction market hosted on Robinhood. The market offers several price targets, with the highest confidence placed on BTC reaching $85,300 or above at 80 cents per contract. Other targets include $85,400 or above at 64 cents, $85,500 or above at 43 cents, and $85,600 or above at 23 cents.

The contract resolves based on the average of 60 Real Time Index (RTI) prices collected just before expiration. Payouts occur within an hour of event resolution, with traders earning $1 for every correct contract they own. The market operates 24 hours a day, except for a brief maintenance window from 3am to 5am ET on Thursdays.

Robinhood Derivatives, LLC facilitates these event contracts through platforms like KalshiEX LLC and ForecastEX, LLC. The company emphasizes that trading involves significant risk and is not suitable for everyone. Additional fees and restrictions apply, particularly for those with material, non-public information.