Robinhood Prediction Market Aims to Pin Down Ripple's Price on Aug 17, 2026
The prediction market on Robinhood is offering investors a chance to wager on the price of Ripple (XRP) at a specific date and time in the future. The contract, which resolves on August 17, 2026 at 1am EDT, allows traders to bet on whether the price will be above or below certain thresholds.
The market uses data from CF Benchmarks' Real Time Index (RTI) to determine the outcome, and the prices are based on a simple average of the index for the 60 seconds prior to the specified time. If no data is available or incomplete at the expiration time, affected strikes will resolve to No.
Investors can buy contracts that predict XRP's price will be above $0.99991 or $1.01991, and those who correctly call the outcome will receive a payout of $1 for every contract owned. The market is open 24 hours a day, except on Thursdays from 3am-5am ET.
It's worth noting that trading prohibitions apply to certain individuals, including employees of Source Agencies and those with material non-public information about the underlying asset.