Robinhood Traders Bet Big on Bitcoin Price Above $78,500 in August 2026
Robinhood's prediction market for Bitcoin prices on August 24, 2026 at 2pm EDT shows that traders are betting on a price above $78,500.
The contract details show various payout percentages for different price thresholds. If the price of Bitcoin is above $78,800, traders will receive 26 cents per contract. If it's above $78,700, they'll get 35 cents, and so on, down to 58 cents if it hits $78,500 or above.
The contract uses CF Benchmarks' Real Time Index (RTI) for determining the official price of Bitcoin at the time. The index is calculated by taking the average of 60 RTI prices collected in real-time before expiration.
It's worth noting that trading restrictions apply to persons employed by certain agencies or those holding material, non-public information on the underlying asset. Robinhood Derivatives LLC offers this contract through various entities, and traders should carefully consider their financial circumstances before participating.