Robinhood Lets Traders Bet on Bitcoin Price in October 2026
On October 5, 2026, at 3:00 AM EDT, the price of Bitcoin (BTC) will be a key focus for traders using Robinhood's event contracts. The platform is offering predictions on whether BTC will reach specific price targets, with various odds attached to different price points. For example, traders can bet on whether BTC will be at $85,600 or above, $85,700 or above, $85,800 or above, $85,900 or above, or $86,000 or above.
The price used to determine the outcome of these contracts will be based on CF Benchmarks' Real Time Index (RTI). At the last minute before expiration, 60 RTI prices will be collected, and the official value will be the average of these prices. Payouts are typically made within an hour of event resolution, with traders receiving $1 for every contract they own if their prediction is correct.
Trading on these event contracts is available 24 hours a day, except for a brief window from 3:00 AM to 5:00 AM ET on Thursdays. The contracts are offered by Robinhood Derivatives, LLC through various exchanges, including KalshiEX LLC and ForecastEX, LLC. However, there are trading prohibitions in place for persons employed by certain agencies or those holding material, non-public information.
Robinhood notes that trading in futures, options, and cleared swaps involves significant risk and is not suitable for everyone. The platform advises users to carefully consider whether such trading is appropriate for their personal financial circumstances.