TOTAL VOLUME:
$134.2b
24H VOL:
$134,145,987
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,441,166,947
406,422
Markets across
30,383
events
MATCHED EVENTS:
2,688
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Jun 29, 8:00 PM EST
Polymarket
This market tracks whether Discord will complete an initial public offering and at what valuation by the end of June 2026. The leading outcome—that Discord will not IPO by June 30, 2026—commands 99.1% consensus probability across Polymarket and Opinion. Resolution will be determined by official primary exchange listing data for Discord's first trading day closing price and share count, or alternative reliable financial data sources if exchange data is unavailable. Watch for any official announcements from Discord regarding IPO timing or regulatory filings, as these would be the primary signals indicating a shift toward a public listing before the June 30, 2026 deadline.
This market will resolve based on Discord's market capitalization at the closing price on its first day of trading. If no IPO occurs by June 30, 2026, 11:59 PM ET, the market will resolve to "No IPO by June 30, 2026". 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 Discord’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 Discord's market capitalization at the closing price on its first day of trading. If no IPO occurs by June 30, 2026, 11:59 PM ET, the market will resolve to "No IPO by June 30, 2026". 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 Discord’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.
Both platforms host identical outcome contracts for Discord's IPO closing valuation, yet their prices can diverge due to differences in liquidity depth, user demographics, and fee structures. Polymarket and Opinion can show different implied probabilities for the same outcome because of liquidity, fee structure, participant mix, and how each venue defines the contract. Traders on Polymarket may weight certain catalysts or hold different risk tolerances than those on Opinion, creating temporary arbitrage opportunities. These spreads typically narrow as sophisticated traders exploit pricing gaps, but structural differences in order-book design and settlement mechanics can sustain modest divergence throughout the market's life.
Key catalysts include Discord's S-1 filing details, revenue and user growth metrics, competitive positioning updates, and broader tech IPO sentiment. Macroeconomic shifts—interest rates, venture funding trends, and public market appetite for high-growth platforms—will influence trader expectations around valuation multiples. Regulatory developments, management commentary, and comparable company IPO pricing will also drive repricing. Real-time news flow and analyst commentary typically accelerate volatility in the final weeks before listing.