Robinhood Launches Prediction Market for Bitcoin Price on August 22, 2026
Risk-takers can now place bets on Bitcoin's price on August 22, 2026, at 2pm EDT, thanks to Robinhood's latest prediction market. The contract offers odds for various price targets up to $77,500 or above.
The payout is based on the average of 60 Real Time Index (RTI) prices collected in the last minute before expiration. According to the terms and conditions, anyone who owns a contract that accurately predicts the outcome will receive $1 per contract. Those holding material non-public information on Bitcoin or working for any related agencies are prohibited from trading.
The prediction market is live 24/7, except for Thursday mornings between 3am and 5am ET. Participants can close their positions before the event resolves to avoid additional fees. Trading prohibitions apply to those with access to confidential information on Bitcoin or working for designated agencies.