Robinhood Launches Ethereum Price Prediction Market for October 2026

Retail trading platform Robinhood has launched a new prediction market for the Ethereum price on October 4, 2026, at 4pm EDT. The market, offered by Robinhood Derivatives, LLC, allows users to predict whether the price of Ethereum will be above certain thresholds. The possible outcomes are: $2,695 or above, $2,700 or above, and $2,705 or above. The price used to determine the outcome is based on CF Benchmarks' corresponding Real Time Index (RTI), with the final value being the average of 60 RTI prices collected at the last minute before expiration. Users can buy contracts for a fee, and if their prediction is correct, they will receive $1 for every contract they own. The market is open to users who meet certain eligibility requirements, but trading is restricted for employees of certain agencies and those with material, non-public information on the Underlying.

The prediction market is a new feature on the Robinhood platform, allowing users to engage in futures and options trading with a focus on Ethereum. The market is offered through various exchanges, including KalshiEX LLC, ForecastEX, LLC, and North American Derivatives Exchange, Inc. Users should be aware that futures and options trading involves significant risk and may not be suitable for everyone.