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: Jun 29, 8:00 PM EST
Polymarket
This market tracks which company will own the second-ranked AI model according to the Chatbot Arena LLM Leaderboard. On Polymarket, Anthropic holds 98.5% probability of having the second best model, while OpenAI holds 1.0%. The market will resolve based on the Chatbot Arena LLM Leaderboard rankings checked on June 30, 2026, at 12:00 PM ET, using the Text Arena Overall leaderboard with style control off as the official resolution source. Watch for the leaderboard snapshot on June 30, 2026, at 12:00 PM ET, which will determine the final ranking and settle this market.
This market will resolve according to the company that owns the model with the second-highest arena rank based on the Chatbot Arena LLM Leaderboard (https://lmarena.ai/) when the table under the "Leaderboard" tab is checked on June 30, 2026, 12:00 PM ET. 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. Models will be ordered primarily by their leaderboard rank at the market’s check time. If two or more models are tied on rank, they will be ordered by their Arena score, including any underlying, unrounded, granular values reflected in the data below the leaderboard. If a tie remains, alphabetical order of company names as listed in this market group will be used as a final tiebreaker (e.g., if the two models are tied by exact arena score, “Google” would be ranked ahead of “xAI”). This market will resolve based on the company that occupies second place under this ranking system. 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 resolve based on the first check after it becomes available. If it becomes permanently unavailable, this market will resolve based on another resolution source.
Prediction market odds on Polymarket reflect real-money trader conviction and often diverge from published analyst forecasts. While analysts may rely on historical benchmarks, research roadmaps, and qualitative assessments, market prices incorporate live information, funding announcements, and model release timelines. The market's probabilistic view of which company will rank second in AI capability by Jun 30, 2026 tends to be more dynamic than static analyst reports. Comparing the two reveals whether the market is pricing in near-term developments that analysts have not yet fully weighted.
The market resolves on Jun 30, 2026. Resolution is determined by identifying which company's AI model ranks second in capability at that time. The outcome depends on independent evaluations of model performance across standard benchmarks, real-world performance metrics, and expert consensus on AI model rankings as of the end of June 2026. The specific criteria and evaluation methodology are established by the market's resolution authority to ensure objective, verifiable determination of the second-best AI model at that date.
Key catalysts include major AI model releases, benchmark results, and capability demonstrations from leading AI labs. Announcements of new training methods, compute resources, or talent acquisitions can shift market expectations about which companies will compete for the second-best ranking. Performance on standardized evaluations, real-world deployment success, and published research breakthroughs will influence trader confidence. Competitive positioning changes, funding rounds, and strategic partnerships may also move odds. Market participants will reassess probabilities as the June 2026 endpoint approaches and clearer evidence of model rankings emerges.