Robinhood Hosts Bitcoin Price Prediction Market for September 2026
The price of Bitcoin on September 3, 2026 at 7am EDT is the subject of a prediction market hosted by Robinhood. The contract allows traders to predict whether the price will be above specific targets. For example, if the price reaches $77,500 or higher, holders of the corresponding contract will receive 74 cents per contract.
The contract uses CF Benchmarks' Real Time Index (RTI) to determine the official and final value of the Bitcoin price at the last minute before expiration. This involves collecting 60 RTI prices and averaging them.
Traders can place their bets on the market, which is open 24 hours a day, except for Thursdays between 3am and 5am ET. The contract resolves one hour after the event's resolution, with payouts usually occurring within that timeframe.