Robinhood Targets August 31, 2026 for Bitcoin Price Prediction Market

The Bitcoin price prediction market on Robinhood has set a target for August 31, 2026. The event will determine the outcome of the contract based on the price of BTC at 1am EDT. To calculate the final value, the platform will collect 60 Real Time Index (RTI) prices from CF Benchmarks in the last minute before expiration and use their average.

The payout for this market is $77,800 or above, with rewards ranging from 15 cents per contract at $77,800 to 67 cents per contract at $77,500. The event will take place 24 hours a day, except on Thursdays when the platform will be closed between 3am and 5am ET.

It's essential for participants to understand that trading prohibitions apply, including restrictions for those employed by certain agencies or holding material non-public information about Bitcoin. It's also crucial to consider the risks involved in futures, options on futures, and cleared swaps trading.