Robinhood Lets Users Bet on Bitcoin Price for 2026
Robinhood has launched a prediction market for the price of Bitcoin (BTC) on October 5, 2026, at 12am EDT. The platform allows users to bet on whether the cryptocurrency will reach specific price thresholds, with the most popular prediction being $86,200 or above, which has attracted 81% of the bets. Other notable thresholds include $86,300 (53%), $86,400 (23%), and $86,500 (6%).
The prediction market operates 24 hours a day, except for a brief maintenance window from 3am to 5am ET on Thursdays. The contract will resolve based on the average of 60 real-time index (RTI) prices collected just before expiration, using CF Benchmarks' RTI as the reference. Payouts are typically made within an hour of the event resolution.
Participants can earn $1 for every correct contract they own or choose to close their positions before the event resolves. However, additional fees apply, and the platform has specific trading prohibitions, including restrictions for employees of source agencies and individuals with material, non-public information.
Robinhood Derivatives, LLC offers these event contracts through various exchanges, including KalshiEX LLC, ForecastEX, LLC, Rothera Exchange and Clearing LLC, or North American Derivatives Exchange, Inc. The platform emphasizes that trading involves significant risk and is not suitable for everyone, advising users to consider their personal financial circumstances before participating.