Robinhood Contracts Bet on Bitcoin Price at Specific Moment in August
Risk-takers can now bet on Bitcoin's price at a specific moment in time. Robinhood is offering contracts that will pay out if the BTC price falls within certain ranges at 2pm EDT on August 9, 2026. The contract allows traders to predict whether the price will be between $65,100 and $65,199.9988, or between $64,900 and $64,999.993.
These contracts are based on CF Benchmarks' Real Time Index (RTI), which collects 60 prices at the last minute before expiration to determine the official price. The final value is then used to settle the contract.
Traders can either close their position before the event resolves or wait for the outcome and receive $1 for every contract they own if their prediction is correct. However, it's essential to note that futures, options on futures, and cleared swaps trading involve significant risk and may not be suitable for everyone.