Robinhood Launches BTC Price Prediction Market

Risk-takers can now place bets on the price of Bitcoin (BTC) at a specific point in time, courtesy of Robinhood's prediction market. The platform has launched a contract that resolves whether the price of BTC will reach or exceed certain thresholds on August 8, 2026, at 5pm EDT.

The prediction market uses CF Benchmarks' Real Time Index (RTI) to determine the outcome. At the last minute before expiration, 60 RTI prices are collected, and the official and final value is the average of these prices.

Those who own a contract will receive $1 for every contract they hold if their prediction is correct. Alternatively, traders can close their position before the event resolves, with additional fees applying.