Robinhood's Dogecoin Price Prediction Market Sets August 16 Target

The price of Dogecoin on August 16, 2026 at 12am EDT is the subject of a prediction market offered by Robinhood. This contract allows users to predict whether the price will be above certain thresholds.

According to the contract terms, if the price of Dogecoin is $0.005 or above at 12am EDT on August 16, 2026, users who correctly predicted this outcome will receive a payout of $1 per contract owned.

The price used to determine this market is based on CF Benchmarks' corresponding Real-Time Index (RTI). Users can trade in and out of the contract before the event resolves, which usually happens within an hour of the scheduled time.

Robinhood Derivatives, LLC offers this contract through various exchanges and clearing houses. The company reminds users that trading derivatives involves significant risk and may not be suitable for everyone.