Robinhood Offers Crypto Prediction Market on XRP Price at Specified Future Date
The crypto prediction market on Robinhood is allowing users to bet on the price of XRP (Ripple) at a specific time in the future. According to the contract, users can predict whether the price will be above $1.35991 or exactly at that price at 7am EDT on August 31, 2026.
The market uses data from CF Benchmarks' Real-Time Index (RTI) to determine the outcome of the contract. The RTI provides continuous pricing data for major cryptocurrencies.
If a user predicts correctly, they will receive $1 for every contract they own. However, if no data is available or incomplete at the expiration time, affected strikes resolve to 'No.'