Robinhood Unveils Prediction Market for August 22 BTC Price
The cryptocurrency market has a new prediction market offering from Robinhood, allowing users to speculate on the price of Bitcoin (BTC) on August 22, 2026 at 5am EDT. The contract is based on CF Benchmarks' Real Time Index (RTI), which collects 60 prices in real-time before expiration. If the user's prediction is correct, they will receive a payout.
The market offers various price targets for Bitcoin, with different payouts associated with each one. For example, if the price of BTC reaches $77,200 or above at the specified time, users who predicted this outcome correctly will receive 64 cents per contract. If the price hits $77,300 or above, users will get 55 cents per contract.
The trading hours for this contract are 24 hours a day, except on Thursdays from 3am to 5am ET. Users can close their positions before the event resolves to avoid potential losses. However, they should be aware that futures and options trading involve significant risk and may not be suitable for everyone.