TOTAL VOLUME:
$134.1b
24H VOL:
$133,388,117
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,436,095,462
405,232
Markets across
30,526
events
MATCHED EVENTS:
2,693
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Dec 30, 7:00 PM EST
Polymarket
This market tracks whether OpenAI's next publicly released model will achieve a score of at least 1450 on the Arena.AI Leaderboard's Text Arena Overall rankings. On Polymarket, the leading outcome carries a probability of 86.0%. Resolution will be determined by checking the Score column on the Arena.AI Leaderboard at arena.ai/leaderboard/text at 12:00 PM ET the day after the model's release, with the highest-scoring variant used if multiple versions appear simultaneously. Watch for OpenAI's next public model announcement by December 31, 2026, as no qualifying release by that deadline will resolve this market to No.
This market will resolve to "Yes" if the next model released by OpenAI has at least the specified score on the Arena.AI Leaderboard (arena.ai/leaderboard/text) when the table under the "Leaderboard" tab is checked on the date after the day of the release, 12:00 PM ET. Otherwise, this market will resolve to "No". Results from the "Score" column under the "Text Arena | Overall" Leaderboard tab at https://lmarena.ai/leaderboard/text with style control off will be used to resolve this market. If no qualifying score for the specified model is available on the Arena.AI Leaderboard at 12:00 PM ET following the date of the release, this market will resolve based on the first subsequent instance at which such a score becomes available on the leaderboard. If no qualifying score becomes available by the end of the seventh day following the day of the model’s release, or if no qualifying model release occurs by December 31, 2026, 11:59 PM ET, this market will resolve to "No". If multiple models are released on the same calendar date or if multiple variants of the specified model appear on the Arena.AI Leaderboard at the relevant check time (e.g., base, “Thinking,” or “Instant”), the highest-scoring variant will be used for resolution. 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 be either clearly defined and publicly announced as being accessible to the general public or otherwise made publicly accessible and explicitly labeled within 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 resolution source for this market is the Chatbot Arena LLM Leaderboard found at arena.ai/leaderboard/text. If this resolution source is unavailable at 12:00 PM ET following the date of the release, this market will resolve based on the first subsequent instance at which such a score becomes available on the leaderboard. If it remains unavailable through the end of the seventh day after a qualifying release, it will resolve to "No".
Prediction market odds on Polymarket reflect real-time trader conviction, often diverging from published analyst forecasts due to different information sets and incentive structures. While analysts may rely on historical model progression patterns and public statements, market participants price in leaked benchmarks, insider signals, and competitive dynamics. The current market probability incorporates thousands of individual bets, creating a dynamic consensus that typically updates faster than formal analyst reports. Comparing these two signals helps identify where expert opinion and market expectations align or diverge on OpenAI's next model capabilities.
The market is scheduled to resolve on Dec 31, 2026. Resolution depends on whether OpenAI releases a new model and whether that model's debut performance score reaches the specified threshold. The outcome is determined by official benchmark results or performance metrics published by OpenAI or recognized independent evaluators at the time of the model's release. Traders should monitor OpenAI's product announcements and benchmark publications closely as the resolution date approaches to understand how the market will settle.
Key catalysts include OpenAI's official announcements of a new model release, leaked or published benchmark results showing model performance, competitive model releases from other labs that shift expectations, and statements from OpenAI leadership about capability targets. Technical breakthroughs or scaling discoveries could increase confidence in reaching the 1470 threshold. Conversely, delays in model release, disappointing interim results, or shifts in OpenAI's strategic priorities could lower odds. Market participants continuously reassess probabilities as these signals emerge, driving price movements throughout the event window.