Robinhood Unveils New Contract Predicting BTC Price on August 4, 2026

Riding on the predictions of crypto enthusiasts, Robinhood has introduced a new contract that will determine the price of BTC at a specific time. The event is set to take place on August 4, 2026, at 6am EDT. According to the details provided by Robinhood Derivatives, LLC, the final value of the price will be determined by averaging the closing prices from 60 Real Time Index (RTI) providers. This method ensures a high degree of accuracy in determining the price.

The contract has set several price targets for the outcome to be successful. Predictions include the BTC price reaching or exceeding $52,600, $60,000, and $61,300 by August 4, 2026, at 6am EDT. Individuals can place bets on these predictions and stand to gain $1 for every contract they own if their prediction is correct.

It's worth noting that the event contracts are offered through either KalshiEX LLC, ForecastEX, LLC, or Rothera Exchange and Clearing LLC by Robinhood Derivatives, LLC. The company has clearly outlined the terms and conditions of the contract, including restrictions for persons employed by Source Agencies or those holding material non-public information on the Underlying.

The contracts also come with risks associated with futures, options on futures, and cleared swaps trading. Participants are advised to carefully consider their personal financial circumstances before engaging in such activities.