TOTAL VOLUME:
$116.2b
24H VOL:
$100,411,922
24H TRANSACTIONS:
1,361,103,189
OPEN INTEREST:
$1,156,764,587
327,146
Markets across
32,617
events
MATCHED EVENTS:
3,682
PLATFORM COVERAGE:
5
Polymarket:
42%
VS.
Kalshi:
58%
$2.5–$2.75T
- Polymarket
$2.5–$2.75T - Polymarket
20%
1W
News
Positive
Negative
Neutral
Hover marker for details
Aug 18
Aug 19
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Aug 25
Vol.
$9.4k
·
Resolves Dec 31, 2027
$
This market tracks whether Anthropic's market cap will fall within specific ranges at the close of its IPO day on Polymarket, with the current probability of the leading outcome at 17.5% and a second outcome at 16.8%. The resolution will be based on the primary exchange’s official listing page. Watch for the IPO event, as the market will resolve to "No IPO by December 31, 2027" if no listing occurs by that date.
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.
Prediction market odds on Polymarket reflect real-money trader consensus and often diverge from traditional analyst forecasts on Anthropic's IPO valuation. While sell-side equity analysts may issue target prices based on comparable company multiples and discounted cash flow models, prediction markets aggregate dispersed information from traders with direct financial incentives. The market-implied probability of each strike can serve as a reality check against analyst consensus, though prediction markets sometimes price in tail risks or sentiment shifts that traditional research overlooks.
Anthropic IPO Closing Market Cap (Higher Strikes) contracts on Polymarket are priced as binary outcomes for each strike bracket, with the top outcome currently trading at 19.5% probability. On Polymarket, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. Prices reflect the collective belief of traders about where Anthropic's market cap will settle at IPO close, with higher strikes commanding lower odds as valuations increase. Liquidity and order flow in each strike contract determine bid-ask spreads and price discovery speed, allowing traders to express granular views on Anthropic's post-IPO valuation across multiple strike levels.
The Anthropic IPO Closing Market Cap (Higher Strikes) market resolves on Dec 31, 2027, following Anthropic's IPO closing date. Resolution is determined by the official market capitalization recorded at the end of the first trading day, calculated as share price multiplied by fully diluted shares outstanding. Each strike contract settles to YES or NO based on whether Anthropic's closing market cap falls within that specific bracket range.
Key catalysts for Anthropic IPO Closing Market Cap (Higher Strikes) include updated financial guidance, competitive announcements from OpenAI or other AI labs, regulatory developments affecting AI companies, macroeconomic shifts in tech valuations, and pre-IPO roadshow investor feedback. Major product launches, partnerships, or safety incidents could reshape trader expectations of Anthropic's valuation. Additionally, broader market conditions, venture capital sentiment toward AI startups, and comparable company IPO performance will influence which strike brackets traders favor as the IPO date approaches.