Updated
Updated · robinhood.com · Jun 28
Dogecoin June 28 Contract Resolves at $0.0000001 Threshold Using CF Benchmarks RTI
Updated
Updated · robinhood.com · Jun 28

Dogecoin June 28 Contract Resolves at $0.0000001 Threshold Using CF Benchmarks RTI

2 articles · Updated · robinhood.com · Jun 28

Summary

  • Robinhood-linked event contracts set the June 28 Dogecoin market to resolve on the coin’s price at 12 a.m. EDT, with the lowest listed threshold at $0.0000001 and higher bands up to $0.02.
  • CF Benchmarks’ Real Time Index—not prices shown on Google or Coinbase—determines the official outcome, making the index the sole reference for settlement.
  • Winning contracts pay $1 each, usually within 1 hour of resolution, while traders can also exit positions before settlement and may face additional fees.
  • Trading runs 24 hours a day except Thursdays from 3 a.m. to 5 a.m. ET, and the product bars source-agency employees and anyone holding material non-public information.

Insights

Why are traders betting on Dogecoin's price crashing below $0.02 when it trades for five times that amount today?
With federal approval but states suing, are Robinhood's new prediction markets facing a legal shutdown?
Are these event contracts the future of finance or just a regulatory loophole for online gambling?