Robinhood Offers Ethereum Price Bet for August 2026
Robinhood's crypto prediction market is offering a bet on the price of Ethereum (ETH) on August 28, 2026, at 12am EDT. The contract resolves based on the average of 60 Real Time Index (RTI) prices collected at the last minute before expiration. If the correct outcome is achieved, investors will receive $1 for every contract they own.
The contract has several pricing tiers: $2,475 or above, $2,480 or above, and so on up to $2,520 or above. The probabilities associated with each tier are 97%, 98%, and 2% respectively. Investors can close their positions before the event resolves to avoid potential losses.
It's essential for traders to be aware of the restrictions and eligibility requirements, including those related to employment by certain agencies or holding material non-public information on Ethereum. Trading futures, options on futures, and cleared swaps involves significant risk and may not be suitable for everyone.