Robinhood Traders Bet on Bitcoin Hitting $85,300 by 2026

On Robinhood's prediction market, traders are placing bets on the future price of Bitcoin (BTC) as of October 5, 2026, at 12pm EDT. The platform offers several price targets, with the highest confidence placed on BTC being at least $85,300, at a 87-cent price per contract. Other options include $85,400 (74 cents), $85,500 (58 cents), $85,600 (40 cents), and $85,700 (24 cents).

The prediction market operates 24 hours a day, with a brief pause between 3AM and 5AM ET on Thursdays. Payouts are typically made within an hour of the event's resolution, which is determined by the average of 60 Real Time Index (RTI) prices collected just before expiration. Traders can either hold their contracts for the payout or close their positions before the event resolves.

Robinhood Derivatives, LLC facilitates these event contracts through various exchanges, including KalshiEX LLC and ForecastEX, LLC. The platform emphasizes that trading involves significant risk and is not suitable for everyone, with restrictions applying to certain individuals, such as employees of the source agencies or those with material, non-public information.