TOTAL VOLUME:
$116.7b
24H VOL:
$87,676,891
24H TRANSACTIONS:
1,362,287,844
OPEN INTEREST:
$1,167,738,175
332,964
Markets across
33,021
events
MATCHED EVENTS:
4,164
PLATFORM COVERAGE:
5
Polymarket:
42%
VS.
Kalshi:
58%
Claude
all
2 markets
Kalshi
68.5%
Polymarket
12%
consensus
40.3%
spread
12-68.5%
(56.5pp)
News
Positive
Negative
Neutral
Hover marker for details
Aug 20
Aug 21
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Aug 23
Aug 24
Aug 25
Aug 27
Vol.
$66k
·
Resolves Dec 31, 2026
$
Trade on Kalshi
Join Kalshi and score $25 for your first trade.At 68.5¢ buys you 146 shares | Odds: 69% Total Payout: $146 | Net Profit: $46 Multiplier: 1.46x | ROI: 46% | APY: 199% 126 days to resolutionTrade on Polymarket
At 12¢ buys you 833 shares | Odds: 12% Total Payout: $833 | Net Profit: $733 Multiplier: 8.33x | ROI: 733% APY not meaningful 125 days to resolutionThis market tracks which AI companies will have the top-ranked large language model on the Chatbot Arena LLM Leaderboard by December 31, 2026. The aggregated consensus probability for the leading outcome stands at 66.1%, drawing data from Polymarket and Kalshi, with resolution based on the Chatbot Arena LLM Leaderboard. Watch the leaderboard updates as the December 31, 2026 deadline approaches for a potential shift in rankings.
This market will resolve to "Yes" if the listed company has the highest arena rank based on the Chatbot Arena LLM Leaderboard (https://lmarena.ai/) by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No." Results from the "Rank" 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 a listed model ties for #1 Arena rank, it will suffice to resolve this market to "Yes." The resolution source for this market is the Chatbot Arena LLM Leaderboard found at https://lmarena.ai/. If this resolution source is unavailable at check time, this market will remain open until the leaderboard comes back online and will resolve based on the first check after it becomes available. If it becomes permanently unavailable, this market will resolve based on another resolution source.
The market resolves based on which company's large language model holds the top ranking on December 31, 2026, according to the specified ranking source. When two models are tied under Rank (UB), the model with the highest Arena Score prevails. If still tied, the model with the most votes wins. If still tied after that, the model released earlier wins. Resolution is determined by checking the source with the 'Remove Style Control' toggle enabled. Possible winners include models from Baidu (Ernie), Google (Gemini), OpenAI (ChatGPT), Anthropic (Claude), xAI (Grok), Meta (Muse Spark), and Alibaba (Qwen).
Prediction market odds reflect real-money bets from thousands of traders and represent crowdsourced probability estimates. Unlike traditional analyst reports, which may lag or carry institutional bias, these markets update continuously as new AI breakthroughs, product launches, and competitive developments emerge. Market prices often incorporate forward-looking signals faster than published forecasts, making them a complementary lens for assessing which companies are most likely to lead the AI rankings by the deadline.
Polymarket and Kalshi can show different implied probabilities for the same outcome because of liquidity, fee structure, participant mix, and how each venue defines the contract. Each platform attracts different trader demographics, liquidity pools, and regulatory environments, which can create price gaps. Polymarket shows 28.5% on its top outcome, while Kalshi reflects 68.7%, a spread of 40.2 percentage points. Differences arise from varying order-book depth, user base composition, fee structures, and how each platform frames the underlying question. Arbitrage opportunities and timing lags between platforms can also explain temporary divergence.
The market resolves on Dec 31, 2026. Outcome determination depends on identifying which company or companies have released or deployed an AI model ranked number-one by credible third-party benchmarks, industry consensus, or pre-specified evaluation criteria at that time. Resolution hinges on verifiable evidence of model performance, public availability, and ranking methodology established at market inception. Traders should review the exact resolution criteria on their chosen platform before placing positions.
Major catalysts include new model releases from OpenAI, Google DeepMind, Anthropic, Meta, and other labs; benchmark results on standardized AI evaluation suites; regulatory announcements affecting AI deployment; breakthrough research papers; and real-world performance data from deployed systems. Funding announcements, talent acquisitions, and partnerships can also shift market expectations. Geopolitical developments, compute availability, and shifts in AI safety standards may influence which company's model ultimately claims the top ranking by year-end 2026.