Robinhood Launches Bitcoin Price Prediction Contract for August 2026
The Robinhood derivatives platform has created a contract to predict the price of Bitcoin on August 6, 2026 at 8am EDT. The contract is based on the CF Benchmarks' corresponding Real Time Index (RTI) and will resolve with an official and final value being the average of 60 RTI prices collected in the last minute before expiration.
The contract has multiple payout levels depending on the price of Bitcoin at the time of resolution, ranging from $63,900 to $64,400 or above. If the prediction is correct, contract holders will receive a payout of $1 for every contract they own, with additional fees applying. It's worth noting that trading prohibitions apply to persons who hold material non-public information on Bitcoin or are employed by certain source agencies.