Robinhood Issues Contract to Predict Bitcoin Price on August 16, 2026

The Robinhood Crypto Prediction Market is offering a contract to predict the price of Bitcoin on August 16, 2026 at 11pm EDT. The predicted range is between $63,000 and $63,099.9935¢, with narrower ranges at lower prices: $62,900 to $62,999.9932¢, $62,800 to $62,899.999¢, and so on.

The contract uses CF Benchmarks' Real Time Index (RTI) to determine the final price, which is based on the average of 60 collected RTI prices at the last minute before expiration.

Participants can trade on the contract 24 hours a day, except for Thursday from 3am-5am ET. The payout is usually within one hour of event resolution and is $1 per correct prediction, or participants can close their position before the event resolves, subject to additional fees.