Updated
Updated · robinhood.com · Jun 28
Robinhood Lists XRP Event Contracts Paying $1 on June 27, 2026 Price Outcome
Updated
Updated · robinhood.com · Jun 28

Robinhood Lists XRP Event Contracts Paying $1 on June 27, 2026 Price Outcome

3 articles · Updated · robinhood.com · Jun 28

Summary

  • Robinhood Derivatives is offering event contracts tied to XRP’s price at 10 p.m. EDT on June 27, 2026, with each correct contract paying $1.
  • The market uses CF Benchmarks’ Real Time Index and resolves from a simple average of the 60 seconds before the target time; if data is missing or incomplete, affected strikes resolve to No.
  • Listed strikes include $1.03991 or above at 99 cents and $1.05991 or above at 2 cents, alongside lower thresholds near $0.26 to $0.30 priced at 0 cents.
  • Trading runs 24 hours a day except Thursdays from 3 a.m. to 5 a.m. ET, and Robinhood says additional fees, eligibility limits and event-contract risk disclosures apply.
  • The XRP listing sits alongside similar crypto prediction markets on Bitcoin, Ether and Dogecoin, extending Robinhood’s menu of regulated event contracts.

Insights

With regulators closing in, can Robinhood's prediction market, its fastest-growing product, survive?
Are these event contracts the future of finance or just a sophisticated form of online gambling?
As millions trade crypto contracts, why has the IRS not clarified how their winnings are taxed?