Robinhood Derivatives Offers BTC Price Prediction Market
Roger, you can trade on what will be the price of BTC on September 5th at 4pm EDT. The predictions are based on CF Benchmarks' Real Time Index (RTI), and at the last minute before expiration, sixty RTI prices are collected to determine the official value.
According to Robinhood Derivatives, LLC, you can get $1 for every contract you own if your prediction is correct. The event contracts are offered through either KalshiEX LLC, ForecastEX, LLC or Rothera Exchange and Clearing LLC. Trading hours are 24/7, except on Thursdays from 3am to 5 am ET.
No persons who hold material, non-public information about the underlying assets can trade on the contract.