Robinhood Opens Prediction Market for Ethereum Price on August 21, 2026
The Ethereum price prediction market on Robinhood is allowing users to bet on the cryptocurrency's value at a specific point in time. The contract, which resolves on August 21, 2026 at 7pm EDT, has various pricing scenarios, including $2,505 or above and $2,595 or above.
According to the Robinhood Derivatives terms and conditions, the price used to determine this market is based on CF Benchmarks' corresponding Real Time Index (RTI). At the last minute before expiration, 60 RTI prices are collected, and the official and final value is the average of these prices.
Users can choose from different pricing scenarios and potentially earn payouts if their predictions are correct. However, it's essential to note that trading on the contract involves significant risk and may not be suitable for everyone.