Robinhood's Prediction Market Bets on Bitcoin Price Range
Risk-takers and market enthusiasts can now place bets on the price of Bitcoin (BTC) at a specific moment in time. Robinhood's prediction market, KalshiEX LLC, ForecastEX, LLC, or Rothera Exchange and Clearing LLC, is offering contracts for the BTC price range on August 24, 2026, at 5am EDT.
The contract allows users to predict whether Bitcoin will trade within certain ranges, from $77,200 to $77,299.9917¢ or $77,300 to $77,399.9917¢, among others. The outcome is determined by CF Benchmarks' corresponding Real Time Index (RTI), which collects and averages 60 RTI prices at the last minute before expiration.
For those who correctly predict the price range, they will receive a payout of $1 for every contract owned. Users can also close their positions before the event resolves to avoid potential losses. However, additional fees apply, and trading prohibitions are in place for certain individuals, including employees of source agencies and those with material non-public information on Bitcoin.