Robinhood Derivatives Releases Bitcoin Price Prediction Contract for August 19, 2026
The Robinhood Derivatives' contract for predicting Bitcoin's price on August 19, 2026 at 11pm EDT has been revealed. According to the contract, there are various payout levels based on the price of Bitcoin at that time. For instance, if the price reaches $68,700 or above, those who predicted this outcome will receive 59 cents per contract. On the other hand, a price between $69,600 and $69,699 will result in a payout of 55 cents per contract, while a price between $69,700 and $69,799 will yield 39 cents per contract.
The trading hours for this contract are 24 hours a day, except Thursday from 3am to 5am ET. The contract resolution determines the outcome, with payouts usually made within one hour of event resolution. It's essential to note that persons employed by the Source Agencies or those holding material non-public information on Bitcoin cannot trade on this contract.