Robinhood Derivatives Offers BTC Price Prediction Contract
The cryptocurrency market has been abuzz with predictions for Bitcoin's price on September 1, 2026. A recent contract on Robinhood Derivatives, LLC, offered traders a chance to make an educated guess about the BTC price at 11pm EDT that day. The contract determined the outcome of the prediction and provided payouts based on the correct answer.
The predicted price range for Bitcoin was $77,200 to $77,299.9999¢ and $76,400 to $76,499.997¢. Additionally, other ranges were listed, including $77,600 to $77,699.994¢ and $76,500 to $76,599.992¢. The contract used CF Benchmarks' Real Time Index (RTI) prices, collecting 60 values at the last minute before expiration and averaging them for the official price.
Those who correctly predicted Bitcoin's price would receive $1 for every contract owned. Alternatively, traders could close their positions before the event resolved. Additional fees applied to each transaction.