Robinhood Derivatives Offers Bitcoin Price Prediction Contract for August 24

Rather than predicting the future of Bitcoin, Robinhood Derivatives is offering a contract that determines its price at a specific point in time. The event is set for August 24, 2026, at 8am EDT. Payouts will be made if the correct outcome is achieved based on CF Benchmarks' Real Time Index (RTI). This index collects 60 RTI prices at the last minute before expiration and uses their average as the official value.

The contract stipulates that $1 will be awarded for every contract owned by someone who correctly predicts the price. However, persons employed by certain agencies or those holding material non-public information on the underlying are prohibited from trading. Additional fees apply to closing positions before the event resolves.