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%

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Discord IPO Closing Market Cap
polymarket
opinion

What will Discord's market cap be at IPO closing on June 30, 2026?

Volume:
$31,992,311

No IPO by June 30, 2026

 - Polymarket

No IPO by June 30, 2026 - Polymarket

1W

News

Positive

Negative

Neutral

Hover marker for details

Vol.

·

Resolved Jul 1, 2026

Closed: Jun 29, 8:00 PM EST

polymarket

Polymarket

View
Outcome
Trade
Chance %
Price
Spread
Liquidity
Volume
24h
7d
Open Interest
Ends in
Result
polymarket

No IPO by June 30, 2026

View
100%
Yes 100¢No 0¢
0.1¢
N/A
$235,223
N/A
N/A
N/A
Settled
Yes
polymarket

<15B

0%
Yes 0¢No 100¢
—
N/A
$335,368
N/A
N/A
N/A
Settled
No
polymarket

25–30B

0%
Yes 0¢No 100¢
—
N/A
$153,183
N/A
N/A
N/A
Settled
No
polymarket

15–20B

0%
Yes 0¢No 100¢
—
N/A
$144,753
N/A
N/A
N/A
Settled
No
polymarket

30B+

0%
Yes 0¢No 100¢
—
N/A
$135,815
N/A
N/A
N/A
Settled
No
polymarket

20–25B

0%
Yes 0¢No 100¢
—
N/A
$118,071
N/A
N/A
N/A
Settled
No
Total markets: 6

Intro

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.

PredictionHero - Resolution Divergence Alerts (RDA)

Unified Resolution Criteria (Consistent across platforms)

Polymarket and Opinion platforms employ identical market cap bracket logic, boundary tie-breaking rules (higher bracket wins), and IPO deadline cutoff (June 30, 2026, 11:59 PM ET), with no material divergence in settlement criteria or data sources.Primary resolution logic: Official primary exchange listing page for Discord's first trading day closing price and share count; alternative reliable financial data sources if official exchange data unavailable.

Core resolution logic:

  • Market cap is calculated as shares outstanding multiplied by closing share price on Discord's first trading day.
  • Six mutually exclusive outcomes: No IPO by June 30 2026; market cap less than 15B; 15B–20B; 20B–25B; 25B–30B; 30B or greater.
  • If market cap falls exactly on a bracket boundary (e.g., exactly 20B), the higher bracket resolves YES.
  • In case of trading session interruption, use the official closing price of the abbreviated session; if unavailable, use the next trading day with an official close.
  • If no IPO occurs by June 30, 2026, 11:59 PM ET, the No IPO market resolves YES and all bracket markets resolve NO.

Edge cases & clarifications:

  • Exact Bracket Boundary: If market cap equals exactly 20B, 25B, or 30B, the higher bracket resolves YES (e.g., 20B exactly resolves the 20–25B bracket YES, not the 15–20B bracket).
  • Trading Session Interruption: If Discord's first trading day is interrupted by circuit breaker or half-day session, use the official closing price of that abbreviated session. If no official close is published, treat the next trading day with an official close as the first trading day for resolution purposes.
  • IPO Deadline: If Discord does not IPO by June 30, 2026, 11:59 PM ET, the No IPO market resolves YES and all market cap bracket markets resolve NO.
  • Data Source Unavailability: If the primary exchange listing page does not display market cap or closing price data, resolution uses another reliable financial source (e.g., Bloomberg, Reuters, SEC filings).
Timing: Resolution occurs on the official closing time of Discord's first trading day (or the next trading day with an official close if the first day is interrupted). If no IPO occurs by June 30, 2026, 11:59 PM ET, resolution occurs at that deadline.Our PredictionHero Resolution Divergence Alerts (RDA) are there to help users identify potential differences across platforms. They do not replace or supersede the official rules and description of any prediction market. Users are solely responsible for reviewing and understanding the applicable rules and resolution criteria before placing any trade or bet. If you notice a potential inconsistency, discrepancy, or error in an alert, please report it to our team so we can review and improve the accuracy of our data.

Polymarket

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.

Opinion

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.

Frequently asked questions

Prediction markets like this one price outcomes through continuous trader participation rather than periodic analyst reports, often incorporating forward-looking sentiment faster than traditional equity research. Traders here are financially incentivized to be accurate, which can reveal gaps between consensus analyst price targets and real-time market expectations. Comparing this market's implied probabilities to published investment bank estimates offers a useful cross-check on whether the Street's Discord valuation range aligns with decentralized trader conviction.

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.