Robinhood Bets on Bitcoin Price for October 2026

On October 6, 2026, at 4 AM EDT, the price of Bitcoin (BTC) will be a key focus for traders on the Robinhood prediction market. The platform is offering contracts that allow users to speculate on whether the price will hit specific milestones that morning. At the time of writing, the odds are highest for BTC to be at $85,400 or above, with 99¢ in potential payout per contract. Other price thresholds, such as $85,500, $85,600, and $85,700, also have active betting odds, though with lower payouts.

The prediction market operates 24 hours a day, except for a brief maintenance window from 3 AM to 5 AM ET on Thursdays. The contract will resolve based on the average of 60 real-time index prices collected just before expiration. Payouts are typically issued within an hour of the event's resolution, provided the prediction is correct. Users can also close their positions before the event resolves to avoid additional fees.

Robinhood Derivatives, LLC, through various exchanges, offers these event contracts. The platform emphasizes that trading involves significant risk and is not suitable for everyone. Live data is provided for informational purposes but may be delayed or incorrect. The terms and conditions of the contracts include restrictions on trading for individuals with material, non-public information or those employed by relevant agencies.