Robinhood hosts $2M crypto trivia contest, offering Bitcoin and Dogecoin prizes

Robinhood is hosting a two-day trivia game on its mobile application, offering contestants more than $2 million in Bitcoin and Dogecoin prices.

The first day of the contest gave eligible users in the US an opportunity to participate from 4:45 PM ET today. The trivia had 12 multiple-choice questions about finance, economics, and cryptocurrency, and users were allowed 10 seconds to respond to each question.

Don’t be late.

Update your app now, and tune into the Robinhood app today at 4:45 PM ET for your chance to win a piece of $1M BTC. https://t.co/BcZhl2HO1E pic.twitter.com/PByvX1vYrI

— Robinhood (@RobinhoodApp) March 5, 2025

The $2 million gift was divided, each day having a million-dollar prize. The $1 million prize was to be split by those who answered all the questions correctly. However, should no one score ten out of ten, those who scored the most questions correctly would split the prize.

Day two is for the platform gold members on March 6 from 4:45 PM ET. The platform highly encourages only one entry per person and account.

Robinhood’s mobile game can be played only through the latest version of the Robinhood mobile app, which is available for Android and iPhone users.

Robinhood said it would email the winners within five days of the contest and that they must collect their prizes within a month. They clarified that the market rate will be applied for all crypto prizes when the funds are moved to the winner’s account.

Technical issues mar Robinhood’s $2M crypto trivia contest

One of the most hyped competitions in the space, Robinhood’s $2 million cryptocurrency trivia contest, has frustrated and disappointed many participants despite prizes potentially worth thousands of dollars in Bitcoin and Dogecoin. While this event was meant to be a good time to check in on financial literacy, scapegoating quickly took off all over the internet, especially on X.

Within the very first question, users experienced glitches. “Question 1 hits, and I smack the right answer (Tesla),” @DocHodliday ranted. “It was telling me I was wrong, that it didn’t add up. Lame! Since being a Gold member since the dawn of time, that is a third ‘chance’. So I am not going to take up more of your time.”

Many other users echoed this sentiment, encountering similar technical meltdowns. Others said they were unable to enter the contest even though they were qualified and had made sure their app was up to date. One attendee, who logged on to take part even after being confirmed to receive access, said the quiz did not appear as available.

But those who followed the firefighters through the door were met with anything but smooth sailing. Multiple users also reported technical malfunctions, such as timers freezing, clicks on answer options not registering, and incorrect answers being marked as correct. One user lamented his selection went unanswered when he clicked on it, calling the contest “another rigged game.” Another participant explained that the timer had frozen at zero, preventing them from selecting an answer.

One particularly widespread complaint was that the system artificially marked correct answers as incorrect. One user said they had chosen Tesla for their answer, but the trivia system still told them their answer was wrong. In protest, they tagged Robinhood’s support accounts, accusing the contest of being “fake trivia.”

Others believed that the contest was fundamentally flawed, wondering whether most players had been eliminated because of technical glitches, not because they gave wrong answers. One contestant purported that they hadn’t even gotten a chance to choose an answer for the first question and doubted 80–90% of eliminated contestants had been afforded such an opportunity. Even as Gold members, they said they were frustrated at not being able to participate properly.

Robinhood trivia might be a one-off event

While Robinhood has always engaged and rewarded its users, the Robinhood trivia live was a first. The platform has never held an event this way, so it could be forgiven for some of the challenges.

According to Robinhood’s vice president of products, Dheerja Kaur, the event might also be a one-off. They are not committing to this as a recurring event but observing how it plays out.

The exchange announced last week that the SEC had ended its investigation into the company for alleged securities violations without any intention of pursuing enforcement action. 

Robinhood Markets, which trades under the ticker HOOD on the Nasdaq, has been up 2.27% in the last 24 hours and is currently trading at $47.27 per share, nearly double its price from this time last year. 

Bitcoin and Dogecoin have recently been subject to broader market volatility. The pair has climbed 2.5% each in the last 24 hours, priced at $90,078 and $0.204, respectively.

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