TOTAL VOLUME:
$154.3b
24H VOL:
$228,458,490
24H TRANSACTIONS:
2,984,028,936
OPEN INTEREST:
$1,879,276,037
410,833
Markets across
40,345
events
MATCHED EVENTS:
4,363
PLATFORM COVERAGE:
5
Polymarket:
37%
VS.
Kalshi:
63%
Closed: Oct 12, 4:44 PM EST
Polymarket
On September 2, 2026, alongside the launch of Muse Spark 1.3, Meta announced a roadmap "including bigger models" (https://research.meta.ai/blog/introducing-muse-spark-1-3). Credible reporting has identified Meta's next-generation frontier model by the internal codename "Watermelon." This market will resolve to "Yes" if Meta releases "Watermelon" or a model confirmed to be the model referenced above, and that model is made available to the general public by the listed date (ET). Otherwise, this market will resolve to "No". A qualifying model must be named "Watermelon" or be identified, by Meta or by a consensus of credible reporting, as the model internally codenamed "Watermelon," regardless of the name under which it is ultimately released. A qualifying model must be launched and publicly accessible, including via open beta or open rolling waitlist signups. A closed beta or any form of private access will not suffice. The release must either be clearly defined and publicly announced by Meta as accessible to the general public, or otherwise be made publicly accessible and explicitly labeled on the company's official website. Labeling errors, placeholder text, or version names displayed on the website that do not correspond to a model that is actually accessible to the general public will not qualify. The primary resolution source for this market will be official information from Meta, with additional verification from a consensus of credible reporting.
On September 2, 2026, alongside the launch of Muse Spark 1.3, Meta announced a roadmap "including bigger models" (https://research.meta.ai/blog/introducing-muse-spark-1-3). Credible reporting has identified Meta's next-generation frontier model by the internal codename "Watermelon." This market will resolve to "Yes" if Meta releases "Watermelon" or a model confirmed to be the model referenced above, and that model is made available to the general public by the listed date (ET). Otherwise, this market will resolve to "No". A qualifying model must be named "Watermelon" or be identified, by Meta or by a consensus of credible reporting, as the model internally codenamed "Watermelon," regardless of the name under which it is ultimately released. A qualifying model must be launched and publicly accessible, including via open beta or open rolling waitlist signups. A closed beta or any form of private access will not suffice. The release must either be clearly defined and publicly announced by Meta as accessible to the general public, or otherwise be made publicly accessible and explicitly labeled on the company's official website. Labeling errors, placeholder text, or version names displayed on the website that do not correspond to a model that is actually accessible to the general public will not qualify. The primary resolution source for this market will be official information from Meta, with additional verification from a consensus of credible reporting.
Currently, the odds on Polymarket reflect a different perspective than many analyst forecasts regarding the release of Meta’s “Watermelon” model. While some analysts predict a late 2025 or early 2026 release by a specific team, this market suggests a broader range of possibilities. It’s important to remember that prediction markets aggregate the wisdom of the crowd, potentially incorporating information not yet reflected in traditional analysis. This market allows for a dynamic comparison between expert opinion and collective prediction.
On Polymarket, this market is priced through a continuous exchange where traders buy and sell shares representing their belief in each outcome. The price of a share directly reflects the implied probability of that outcome occurring. On Polymarket, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. As more traders enter the market with differing opinions, the prices adjust to reflect the collective assessment of the likelihood of each entity releasing the model. This creates a real-time, market-driven forecast for the event.
This market resolves around Nov 30, 2026, with the outcome confirmed once the event is verifiable from credible public reporting. Specifically, the market will resolve to the first entity demonstrably confirmed to have released Meta’s “Watermelon” model, as evidenced by official announcements and publicly available documentation. The resolution will be based on the initial public release, not internal testing or limited previews. Traders should monitor news sources for updates leading up to the resolution date.
Several signals could significantly impact this market. Official announcements from Meta regarding the development or testing phases of the “Watermelon” model would be a major catalyst. Leaks or credible reports about specific teams making progress, or unexpected delays, could also cause substantial shifts in the odds. Any news concerning key personnel involved in the project, or changes in Meta’s AI strategy, could also move this market. Monitoring these factors will be crucial for informed trading decisions.