Robinhood Derivatives Contracts Offer Payouts Based on Bitcoin Price
Risk-takers and speculators are eyeing the price of Bitcoin on August 11, 2026 at 6pm EDT, according to a contract offered by Robinhood Derivatives. The market is set to determine if the price will reach certain thresholds, with payouts ranging from $1 for every contract owned if predictions are correct.
The official and final value of Bitcoin's price on that day will be based on CF Benchmarks' Real Time Index (RTI), which collects 60 prices at the last minute before expiration. The average of these prices will be used to determine the outcome of the contract.
Investors can buy or sell contracts leading up to the event, with additional fees applying. However, those employed by certain agencies or holding material non-public information on Bitcoin are prohibited from trading on this contract.