Robinhood Launches Contract for Betting on BTC Price on August 18, 2026

Robinhood Derivatives has launched a new contract on its platform that allows users to bet on the price of Bitcoin at a specific time. The contract is called 'What will the price of Bitcoin be On Aug 18, 2026 at 8pm EDT?' and it resolves based on CF Benchmarks' Real Time Index (RTI).

According to the contract terms, if the price of Bitcoin is $64,600 or above on August 18, 2026 at 8pm EDT, users who own contracts will receive a payout. The payout amount varies depending on the specific price range.

The contract uses a unique pricing system, collecting 60 RTI prices at the last minute before expiration and averaging them to determine the final value. Users can buy or close their positions before the event resolves, but additional fees apply.