Robinhood Offers BTC Price Prediction Contract for July 31, 2026
Randolph-based fintech company Robinhood is offering a unique contract for its users to bet on the price of Bitcoin (BTC) on July 31, 2026 at 7pm EDT. The contract will determine the outcome based on the CF Benchmarks' corresponding Real Time Index (RTI). At the last minute before expiration, 60 RTI prices are collected and averaged to get the official and final value.
The contract pays out $1 for every contract owned if the prediction is correct. Alternatively, users can close their position before the event resolves. Additional fees apply, as stated in the full contract terms and conditions.
Robinhood has implemented certain restrictions and eligibility requirements to ensure that only qualified traders participate in this unique offering. It's essential to note that futures, options on futures, and cleared swaps trading involves significant risk and is not suitable for everyone.