Robinhood Launches Bitcoin Price Prediction Contract

Robinhood Derivatives, LLC has launched a new contract on its platform, allowing users to predict the price of Bitcoin at a specific time. The contract is for the outcome of Bitcoin's price on August 28, 2026, at 9pm EDT. According to the contract details, the possible price ranges are between $77,700 and $79,099.9919 cents, with some minor variations in each range.

The contract uses CF Benchmarks' Real Time Index (RTI) for determining the official and final value of Bitcoin's price at the specified time. The RTI collects 60 prices at the last minute before expiration, and the average is used as the final value. Users can either buy into the contract, predicting the price will be within a certain range, or close their position before the event resolves.