Robinhood Traders Bet Big on Ethereum's Future Price

The cryptocurrency prediction market on Robinhood is offering traders a chance to wager on Ethereum's price at a specific date in the future. The contract, which resolves on September 29, 2026 at 11am EDT, allows traders to bet on whether the price of Ethereum will be above certain thresholds. According to the contract terms, if the price of Ethereum is $2,715 or above at the time of resolution, traders who hold contracts for this outcome will receive a payout.

The contract uses CF Benchmarks' corresponding Real Time Index (RTI) to determine the official and final value of Ethereum's price. This involves collecting 60 RTI prices at the last minute before expiration and calculating their average. The contract prohibits certain individuals, including those employed by Source Agencies or holding material non-public information on Ethereum.

Traders can choose from various price thresholds, with higher stakes corresponding to lower probabilities of success. For example, a bet on Ethereum reaching $2,730 or above has a significantly lower probability than one for the $2,715 threshold.