TOTAL VOLUME:
$97.3b
24H VOL:
$229,738,843
24H TRANSACTIONS:
950,106,883
OPEN INTEREST:
$2,105,337,230
828,141
Markets across
14,990
events
MATCHED EVENTS:
943
PLATFORM COVERAGE:
5
Polymarket:
45%
VS.
Kalshi:
55%
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Trade on Polymarket
At 58¢ buys you 172 shares | Odds: 57% Total Payout: $172 | Net Profit: $72 Multiplier: 1.72x | ROI: 72% | APY: 45% 532 days to resolutionTrade on Limitless
At 58¢ buys you 172 shares | Odds: 56% Total Payout: $172 | Net Profit: $72 Multiplier: 1.72x | ROI: 72% | APY: 45% 532 days to resolutionThis event group tracks Anthropic's initial public offering (IPO) closing market capitalization across eight mutually exclusive brackets, ranging from sub-$0.6T to $1.8T+, with a fallback outcome if no IPO occurs by December 31, 2027. Both Polymarket and Limitless offer identical bracket definitions and resolution criteria, creating a comprehensive settlement value prediction market tied to Anthropic's first-day closing price.
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.
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 markets embed real-time collective intelligence from thousands of traders with financial incentives to forecast accurately, often diverging from traditional equity research. Analyst price targets for Anthropic's IPO typically rely on comparable company multiples, discounted cash flow models, and sector benchmarks—methods that may lag market sentiment or miss emerging competitive dynamics. Prediction market odds reflect live information flow, including AI capability announcements, funding rounds, and competitive positioning. The spread between Polymarket and Limitless odds suggests meaningful uncertainty; traders may be pricing in scenarios analysts have not fully modeled, making markets a complementary signal to published forecasts.
Polymarket and Limitless can show different implied probabilities for the same outcome because of liquidity, fee structure, participant mix, and how each venue defines the contract. Price differences between Polymarket and Limitless typically stem from distinct liquidity pools, user demographics, and market microstructure. Polymarket may attract professional traders with larger positions, while Limitless draws retail participation, creating different risk premiums and order-book depths. Outcome definitions can also vary subtly—one platform may weight brackets differently or use distinct IPO valuation snapshots. Arbitrage frictions, including withdrawal delays and trading fees, prevent instant convergence. Additionally, each platform's community may process Anthropic news differently based on their exposure to AI sector trends, creating temporary but meaningful odds divergence that reflects genuine disagreement about middle-bracket probability.
The market resolves by Dec 31, 2027, contingent on Anthropic completing its initial public offering and closing on a major U.S. exchange. Resolution hinges on the official closing market capitalization reported on IPO day, which is determined by share price multiplied by fully diluted shares outstanding at market close. The outcome maps to predefined middle-bracket ranges; the bracket containing the closing valuation triggers payouts. If Anthropic does not go public by the deadline, or if market data becomes unavailable, resolution may be delayed pending clarification from exchange filings or official company announcements.
Major catalysts include Anthropic product launches, AI safety breakthroughs, or regulatory actions affecting large language model deployment. Competitive moves by OpenAI, Google, or other AI labs can shift perceived market share and valuation multiples. Macroeconomic shifts—interest rate changes, tech sector sentiment, or venture funding trends—directly influence IPO pricing and investor appetite. Anthropic's fundraising announcements, executive changes, or partnership deals signal internal momentum and valuation expectations. Broader AI regulation or antitrust scrutiny could compress or expand valuations. Market-wide tech volatility and comparable company IPO performance also influence trader expectations for Anthropic's closing cap, driving odds adjustments across Polymarket and Limitless.
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