TOTAL VOLUME:
$92.2b
24H VOL:
$297,849,262
24H TRANSACTIONS:
878,906,579
OPEN INTEREST:
$2,091,539,722
777,608
Markets across
13,973
events
MATCHED EVENTS:
887
PLATFORM COVERAGE:
5
Polymarket:
46%
VS.
Kalshi:
54%
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This market tracks whether Anthropic's market capitalization will reach $600 billion or higher based on its closing share price on the first day of trading. On Polymarket, the leading outcome—that the company will achieve a $600B+ valuation at IPO—stands at 90.5%, while the probability of no IPO occurring by December 31, 2027 is 8.0%. Resolution will be determined by the official closing price on Anthropic's first trading day, sourced from the primary exchange's listing page or another reliable source if unavailable. Watch for Anthropic's IPO announcement and first-day trading activity before the December 31, 2027 deadline.
This market will resolve based on Anthropic's market capitalization at the closing price on its first day of trading. If no IPO occurs by December 31, 2027, 11:59 PM ET, the market will resolve to "No IPO by December 31, 2027". Market capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency. It is calculated as the number of shares outstanding multiplied by the closing share price on the first trading day. If the relevant value falls exactly between two brackets, then this market will resolve to the higher range bracket. Resolution will be based on the primary exchange’s official listing page. In the event that the relevant figure is not displayed, another reliable source will be used. In the event of an interruption in the course of the normal trading session on Anthropic’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that as the first day of trading for purposes of this market.
On Polymarket, Anthropic IPO Closing Market Cap (Lower Brackets) is priced as a set of binary outcome contracts, each representing a specific lower bracket threshold. On Polymarket, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. Traders buy and sell shares corresponding to "yes" or "no" outcomes, with the share price directly reflecting the implied probability. The current top outcome shows 91.0% probability. Prices adjust continuously based on order flow and new information, allowing traders to enter or exit positions at market rates throughout the event window leading to Dec 31, 2027.
The market resolves on Dec 31, 2027, marking the deadline for determining Anthropic's IPO closing market capitalization. Resolution hinges on the official market cap figure at the close of Anthropic's first trading day as a public company. The outcome is binary for each bracket: either the closing market cap falls below the specified threshold, or it does not. Traders should monitor IPO pricing announcements, underwriter guidance, and market conditions leading up to the event to assess which bracket outcome is most likely.
Key catalysts include Anthropic's IPO pricing announcement, which sets the initial valuation range and share count; broader AI sector momentum and investor appetite for generative AI companies; macroeconomic conditions and equity market sentiment on IPO day; competitive developments from OpenAI, Google, or other AI labs; regulatory announcements affecting AI governance; and Anthropic's latest financial metrics or product milestones disclosed in the prospectus. First-day trading volume, institutional demand, and retail investor interest will directly influence whether the closing market cap settles above or below the lower brackets tracked by this market.
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