Robinhood Launches Prediction Market on Bitcoin Price August 2026
Retail trading platform Robinhood has launched a prediction market for Bitcoin's price on August 14, 2026, at 2pm EDT. The contract allows users to bet on whether the price of BTC will be above $63,000, $63,100, or $63,200.
The contract uses data from CF Benchmarks' Real Time Index (RTI) to determine the official and final value. This is done by collecting 60 RTI prices at the last minute before expiration and averaging them out.
Rather than a simple yes-or-no question, users can choose from several price targets: $63,000 or above, $63,100 or above, or $63,200 or above. Each of these options comes with a different payout percentage: 88¢ for the first option, 66¢ for the second, and 30¢ for the third.
The contract is open to users 24 hours a day, except Thursday mornings from 3am-5am ET.