Robinhood Traders Predict Ethereum Above $2,725 by October 2026
Robinhood's prediction market is offering a new event contract focused on the future price of Ethereum (ETH). The contract asks traders to predict where the price of ETH will stand on October 4, 2026, at 9 PM EDT. The current betting odds show overwhelming confidence, with 99% of traders predicting the price will be above $2,725. Only a small fraction of bets are placed on higher price targets, such as $2,745 or $2,730.
The market operates 24 hours a day, except for a brief maintenance window from 3 AM to 5 AM ET on Thursdays. The contract will resolve based on CF Benchmarks' Real Time Index (RTI), using the average of 60 collected prices in the final minute before expiration. Payouts are made within an hour of event resolution, with traders receiving $1 for every correct contract they own.
Robinhood emphasizes that trading in these event contracts involves significant risk and may not be suitable for all investors. The platform also outlines trading prohibitions, including restrictions for individuals with non-public information or those employed by certain agencies. Additional fees apply for early position closures or other actions.