Robinhood Launches Bitcoin Price Prediction Market for 2026
Robinhood has launched a prediction market for the price of Bitcoin (BTC) on October 5, 2026, at 3 AM EDT. The platform is offering several price ranges for traders to bet on, including $85,800 to $85,899.99, $85,700 to $85,799.99, and $85,900 to $85,999.99. The event contract is set to resolve based on CF Benchmarks' Real Time Index (RTI), ensuring accuracy with an average of 60 RTI prices collected just before expiration.
Trading on this contract is available 24 hours a day, except for a brief maintenance window from 3 AM to 5 AM ET on Thursdays. Payouts are typically made within an hour of the event's resolution. Robinhood Derivatives, LLC, in collaboration with various exchanges, facilitates these contracts, emphasizing that trading involves significant risk and is not suitable for everyone.
Participants can earn $1 for each correct contract they own or choose to close their position before the event resolves. However, additional fees apply, and certain trading prohibitions are in place, particularly for individuals with material, non-public information or those employed by the source agencies.
The prediction market highlights the speculative nature of cryptocurrency pricing and offers a unique opportunity for traders to engage with future price movements of Bitcoin.