Robinhood Prediction Market Targets Bitcoin Price at $70,100-$78,600

The cryptocurrency market is abuzz with predictions as the deadline for a specific contract looms near. A prediction market on Robinhood.com has set its sights on the price of Bitcoin, specifically targeting the closing value at September 7, 2026, at 10pm EDT.

According to the terms of the contract, the price used to determine this market is based on CF Benchmarks' corresponding Real Time Index (RTI), and at the last minute before expiration, 60 RTI prices are collected. The official and final value is then calculated as the average of these prices.

The possible outcomes for the price of Bitcoin include $70,100 or above, $78,000 or above, $78,100 or above, $78,200 or above, or $78,600 or above. It's worth noting that the contract prohibits persons who hold material non-public information on the underlying asset from trading.

Participants in this market are betting on whether the price will reach one of these targets. Each contract has a payout of usually within 1 hour of event resolution, with additional fees applying for closing positions before the event resolves.