Robinhood Offers Event Contract on Bitcoin Price
Risk-takers can now place bets on the price of Bitcoin at a specific moment in time. Robinhood Derivatives, LLC is offering an event contract that will determine the outcome based on the price of BTC at 2pm EDT on August 29, 2026.
The contract's payout structure shows a clear relationship between the price and the reward: if the price reaches $78,100 or above, holders will receive 36¢ per contract. This drops to 15¢ for every dollar above $78,200, and just 6¢ above $78,300.
The underlying index used is CF Benchmarks' Real Time Index (RTI), which collects 60 prices at the last minute before expiration. The official price will be the average of these 60 values.
As with all futures and derivatives trading, there are risks involved, and Robinhood warns that this contract may not be suitable for everyone.