Robinhood Offers Bitcoin Price Prediction Contract with High Stakes
The Robinhood Crypto Prediction Market is offering a contract on the price of Bitcoin at a specific time in the future. The contract, which expires on September 13, 2026 at 3am EDT, will determine whether the price of Bitcoin reaches certain thresholds.
According to the contract terms, if the price of Bitcoin exceeds $77,200 or more, those who own contracts will receive a payout of 88 cents per contract. If it surpasses $77,300, the payout would be 43 cents per contract, and for reaching $77,400, it would be just 9 cents per contract.
The contract uses CF Benchmarks' Real Time Index (RTI) to determine the price of Bitcoin at the time of expiration. The final value is calculated by taking the average of 60 RTI prices collected in the last minute before expiration.