Robinhood Launches Bitcoin Price Prediction Contract for August 2026

The contract to predict Bitcoin's price on August 23, 2026 at 10am EDT has been made available by Robinhood Derivatives, LLC. According to the terms and conditions, the price used to determine this market is based on CF Benchmarks' corresponding Real Time Index (RTI). At the last minute before expiration, 60 RTI prices are collected, and the official and final value is the average of these prices.

The contract has several restrictions and eligibility requirements. For example, persons who are employed by any of the Source Agencies or hold material, non-public information on Bitcoin are not permitted to trade on the Contract. Additionally, futures, options on futures, and cleared swaps trading involve significant risk and may not be suitable for everyone.

According to the contract terms, participants can get $1 for every contract they own if their prediction is correct or close their position before the event resolves, with additional fees applying.