Updated
Updated · robinhood.com · Jul 4
Robinhood Derivatives Launches $62,100 Bitcoin Event Contracts With 99-Cent Payout Odds
Updated
Updated · robinhood.com · Jul 4

Robinhood Derivatives Launches $62,100 Bitcoin Event Contracts With 99-Cent Payout Odds

3 articles · Updated · robinhood.com · Jul 4

Summary

  • Robinhood Derivatives is offering event contracts tied to Bitcoin’s price at 7 a.m. EDT on July 4, 2026, with traders paid $1 per winning contract after the outcome is set.
  • The listed market showed a 99-cent contract for Bitcoin at $62,100 or above, 98 cents for $61,400 or above, and 1 cent for $63,400 or above, implying traders see a narrow range around current levels.
  • Settlement uses CF Benchmarks’ Real Time Index, averaging 60 readings from the final minute before expiration; payouts usually arrive within an hour of resolution.
  • The contracts trade nearly 24 hours a day except Thursday from 3 a.m. to 5 a.m. ET, and Robinhood also displayed similar event markets for Ether, Solana and longer-term Bitcoin price targets.

Insights

Robinhood built its prediction market tech in 16 days. Does this rapid innovation outpace necessary consumer safeguards?
Do complex price calculations in Bitcoin prediction markets truly level the playing field for retail investors?
Are crypto prediction markets a useful financial tool or just a new, high-tech form of gambling?