Robinhood Sets Price Targets for Ethereum Prediction Market

The prediction market on Robinhood has set a target for the price of Ethereum (ETH) on August 23, 2026 at 9pm EDT. According to the contract terms, if the price reaches $2,440 or above, those who own contracts will receive $1 each in payout.

Alternatively, if the price falls below these targets, owners can close their positions before the event resolves. The final value is determined by averaging 60 Real Time Index (RTI) prices collected at the last minute before expiration.

The prediction market also outlines restrictions and eligibility requirements for trading, including prohibitions on persons employed by certain agencies or holding material non-public information on Ethereum.