Robinhood Offers Contract to Predict Bitcoin Price on August 28, 2026

The Robinhood Crypto Prediction Market is offering a contract related to the price of Bitcoin on August 28, 2026. At that time, at 12pm EDT, the market will determine if the price of BTC will be above or below certain thresholds. According to the source, the price used for this determination is based on CF Benchmarks' Real Time Index (RTI). The official and final value will be the average of 60 RTI prices collected at the last minute before expiration.

Those who own contracts will receive $1 if their prediction is correct. However, it's essential to note that there are trading prohibitions for certain individuals, such as those employed by Source Agencies or those holding material non-public information on the underlying assets. It's also worth mentioning that event contracts involve significant risk and may not be suitable for everyone.

The contract resolves within one hour of the event resolution, and payouts usually occur within 1 hour after that. Those who hold material non-public information are not permitted to trade on the Contract.