Robinhood Users Bet on BTC Price Target for August 2026

Robinhood's prediction market is allowing users to bet on the price of Bitcoin (BTC) at a specific point in time. The event in question will take place on August 24, 2026, at 9am EDT. According to the contract details, the price used to determine the outcome will be based on CF Benchmarks' Real Time Index (RTI), with the official and final value being the average of 60 collected prices.

Users can place bets on whether the BTC price will reach or exceed specific thresholds: $78,000, $78,100, $78,200, or $78,300. The payout for correct predictions ranges from 63 cents to 29 cents, with a higher threshold resulting in a lower payout.

It's worth noting that trading on the contract is restricted to those who do not hold material, non-public information about Bitcoin and are not employed by certain listed agencies. Additionally, futures and options trading involves significant risk and may not be suitable for all investors.