Robinhood Launches Dogecoin Price Prediction Market for August 2026

The cryptocurrency market has a new prediction market on Robinhood, focusing on Dogecoin's price. The market aims to determine if Dogecoin will be above $0.09 or above by August 23, 2026, at 5am EDT. According to the contract terms, the price used for this market is based on CF Benchmarks' corresponding Real-Time Index (RTI).

The Robinhood Derivatives, LLC offers event contracts through KalshiEX LLC, ForecastEX, LLC, or Rothera Exchange and Clearing LLC. The platform allows users to buy or sell contracts with the potential payout of $1 for every contract owned if the prediction is correct.

However, there are restrictions on trading for certain individuals, including those employed by Source Agencies and those holding material non-public information on Dogecoin.