Robinhood Launches BTC Price Prediction Market for September 2026

A new prediction market has been launched by Robinhood on the price of Bitcoin (BTC) for September 8, 2026, at 11am EDT. The contract allows traders to predict whether the price will be above certain thresholds.

The market offers payouts if the prediction is correct, with $1 awarded for every contract owned if the price hits specific targets. For instance, there's a 72¢ payout if the price reaches or exceeds $78,300, and a 49¢ payout if it reaches or surpasses $78,400.

Traders can also close their positions before the event resolves to avoid potential losses. However, additional fees apply for early closure.

The contract resolution is based on CF Benchmarks' Real Time Index (RTI) prices collected at the last minute before expiration. The official and final value is determined as the average of these 60 RTI prices.