Robinhood Sets Sights on BTC Price Prediction for August 23, 2026
A prediction market on Robinhood has set its sights on Bitcoin's price at a specific date and time. The contract, which resolves on August 23, 2026 at 2am EDT, asks users to predict the price of BTC within certain ranges.
The predicted price ranges are as follows: $76,600 to $76,699.9917¢, $76,400 to $76,499.9915¢, and $76,500 to $76,599.9913¢. The CF Benchmarks' Real Time Index (RTI) will be used to determine the official price for the contract.
According to Robinhood's terms, users can either predict the correct price range and receive a payout of $1 per contract or close their position before the event resolves. However, certain restrictions apply, including prohibitions on trading for persons employed by Source Agencies or holding material non-public information on the underlying asset.
It is essential to note that futures, options on futures, and cleared swaps trading involves significant risk and may not be suitable for everyone.