Robinhood Users Can Bet on Bitcoin Price at Specific Date
The cryptocurrency market has been abuzz with predictions about the future price of Bitcoin. One prediction market, hosted by Robinhood, offers users a chance to bet on the price of BTC at a specific date and time.
According to the contract terms, the outcome will be determined based on CF Benchmarks' Real Time Index (RTI). At the last minute before expiration, 60 RTI prices are collected, and the official and final value is the average of these prices.
The market offers users a choice between three price ranges for BTC: $84,500 to $84,599.9944¢, $84,400 to $84,499.9930¢, and $84,600 to $84,699.9917¢.