Robinhood Offers Crypto Price Betting Contract for July 28, 2026
Risk-takers can wager on the price of Bitcoin on July 28, 2026 at 1am EDT. The Robinhood Derivatives contract allows users to predict whether the price will be above or below specific thresholds.
The contract's payout structure is based on these thresholds: $63,100 or above (86¢), $63,200 or above (27¢), and $63,300 or above (3¢). If a user's prediction is correct, they receive a payout of $1 for every contract owned.
The price used to determine the outcome is based on CF Benchmarks' Real Time Index (RTI) prices collected at the last minute before expiration. The official and final value is the average of these 60 RTI prices.