The Prediction Markets

Discord IPO Closing Market Cap

Closes
Jan 1, 2028, in 15 months
Traded
$162K
Venues
Polymarket
Prices updated
3 min ago
Share

What the markets expect

No IPO by December 31, 2027 52.3%

Next is 11–14B at 21.1%. Only Polymarket lists this market, so there is no second price to compare.

No IPO by December 31, 2027 52.3%11–14B 21.1%5B 6.1%14–17B 6%8–11B 5.4%3 others 9.1%

Odds by venue

Fair chance strips out each venue’s built-in margin (its prices add up to more than 100%), then blends the venues by how much has traded there, so the outcomes add up to 100%. Best Yes price is the cheapest ask across venues, and the payout is what a winning $100 stake returns before fees. Open a row for each venue’s contract name, bid and ask, and how closely their rules match.

Prices come from our regular polls of each venue, the oldest 3 min ago. Ages are as of when this page was built.

  • Polymarket
No IPO by December 31, 2027
52.3%
Polymarket 48.3%(52.3% fair)polled, 3 min agoBest Yes 48.4¢ on Polymarket, $100 pays $207 (2.07x)
Polymarket
Contract
No IPO by December 31, 2027
Last price
48.3%
Fair, margin removed
52.3%
As of
Polled 3 min ago
Buy Yes
48.4¢
Sell Yes
48.1¢
$100 on Yes pays
$207 (2.07x)
Volume
$72K
Trade this on Polymarket
11–14B
21.1%
Polymarket 19.5%(21.1% fair)polled, 3 min agoBest Yes 20.3¢ on Polymarket, $100 pays $493 (4.93x)
Polymarket
Contract
11–14B
Last price
19.5%
Fair, margin removed
21.1%
As of
Polled 3 min ago
Buy Yes
20.3¢
Sell Yes
18.7¢
$100 on Yes pays
$493 (4.93x)
Volume
$25K
Trade this on Polymarket
5B
6.1%
Polymarket 5.7%polled, 3 min agoBest Yes 5.9¢ on Polymarket, $100 pays $1,695 (16.9x)
Polymarket
Contract
5B
Last price
5.7%
As of
Polled 3 min ago
Buy Yes
5.9¢
Sell Yes
5.4¢
$100 on Yes pays
$1,695 (16.9x)
Volume
$19K
Trade this on Polymarket
14–17B
6%
Polymarket 5.5%polled, 3 min agoBest Yes 10.5¢ on Polymarket, $100 pays $952 (9.52x)
Polymarket
Contract
14–17B
Last price
5.5%
As of
Polled 3 min ago
Buy Yes
10.5¢
Sell Yes
0.5¢
$100 on Yes pays
$952 (9.52x)
Volume
$5K
Trade this on Polymarket
8–11B
5.4%
Polymarket 5%polled, 3 min agoBest Yes 5.1¢ on Polymarket, $100 pays $1,961 (19.6x)
Polymarket
Contract
8–11B
Last price
5%
As of
Polled 3 min ago
Buy Yes
5.1¢
Sell Yes
4.9¢
$100 on Yes pays
$1,961 (19.6x)
Volume
$23K
Trade this on Polymarket
17–20B
4.3%
Polymarket 4%polled, 3 min agoBest Yes 7.2¢ on Polymarket, $100 pays $1,389 (13.9x)
Polymarket
Contract
17–20B
Last price
4%
As of
Polled 3 min ago
Buy Yes
7.2¢
Sell Yes
0.8¢
$100 on Yes pays
$1,389 (13.9x)
Volume
$6K
Trade this on Polymarket
20B+
2.5%
Polymarket 2.3%polled, 3 min agoBest Yes 2.9¢ on Polymarket, $100 pays $3,448 (34.5x)
Polymarket
Contract
20B+
Last price
2.3%
As of
Polled 3 min ago
Buy Yes
2.9¢
Sell Yes
1.7¢
$100 on Yes pays
$3,448 (34.5x)
Volume
$6K
Trade this on Polymarket
5–8B
2.3%
Polymarket 2.1%polled, 3 min agoBest Yes 3.9¢ on Polymarket, $100 pays $2,564 (25.6x)
Polymarket
Contract
5–8B
Last price
2.1%
As of
Polled 3 min ago
Buy Yes
3.9¢
Sell Yes
0.3¢
$100 on Yes pays
$2,564 (25.6x)
Volume
$6K
Trade this on Polymarket

Who resolves this market

Polymarket
Polymarket resolves via:
UMA optimistic oracle

How the odds have moved

The top 3 outcomes on both venues, with the consensus between them. Hover for exact values.

  • No IPO by December 31, 2027
  • 11–14B
  • 5B

Order books

Each venue’s resting orders for the selected outcome’s Yes contract, side by side. Top of book streams live; depth refreshes every 15 seconds.

Top of book

Connecting
Best bid
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Spread
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Best ask
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Waiting for the first live quote…

Depth · top 8 levels

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Recent trades

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What your stake buys

Enter a stake to see where it buys the most after fees, using each venue’s live order book.

$
Buy

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Buys at the asks resting now (taker orders), cheapest after fees first, from order-book snapshots up to 15 seconds old. Fees: Kalshi 0.07 × price × (1 − price) per share, rounded up to the cent; Polymarket 0.05 × price × (1 − price) per share (other / general rate). Fee calculator. Estimates only, not advice.

About this market

Live prediction market odds for "Discord IPO Closing Market Cap". No IPO by December 31, 2027 leads at 52.3%. Next is 11–14B at 21.1%. $162K has traded across 8 outcomes on Polymarket. The market is expected to resolve by Jan 1, 2028.

This market will resolve based on Discord's market capitalization at the closing price on its first day of trading. If no such IPO occurs by December 31, 2027, 11:59 PM ET, the market will resolve to "No IPO before September 2026". Market capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency. It is calculated as the total number of outstanding shares, multiplied by the official closing share price of the publicly traded class on the first trading day. If necessary, to accurately capture the company’s total market capitalization, rather than a stock-class-specific market capitalization, the calculation will include all outstanding share classes and apply any stated conversion ratios to the publicly traded class. Where no conversion right exists, such shares will be counted at their stated outstanding amount without discount, unless official filings explicitly specify differently. The number of outstanding shares will be determined from official company filings or disclosures (e.g., SEC filings). The closing share price on the first trading day will be determined from the primary exchange’s official listing page. If the relevant value falls exactly between two brackets, this market will resolve to the higher range bracket. The primary resolution source for this market will be official company filings and the primary exchange’s official listing page. The market capitalization will be determined through appropriate calculation using the total outstanding shares and the closing price from the first day of trading. In the event of an interruption in the normal trading session on the specified company’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 day as the first day of trading for the purposes of this market.

Questions

What does the consensus price mean?

It is the price of a Yes contract that pays $1 if the outcome happens. A 14¢ price means traders put the chance near 14%. Where two venues list the same outcome, we blend their last prices, weighting the venue with more trading volume more heavily (neither counts for less than a quarter). When only one outcome can win, each venue’s prices add up to a little over 100% (its margin); the fair chance removes that margin so the outcomes add up to exactly 100%.

How is the payout worked out?

A Yes contract pays $1 if it wins, so at the best ask a $100 stake buys 100 ÷ ask contracts. At 18¢ that is about 555 contracts, paying $556 (5.56x) if Yes happens. Venue fees and price slippage on larger orders are not included.

Why do the venues show different prices?

Each venue has its own traders, fees and order book. Contracts can also settle on slightly different terms, which is why each row lists how closely the rules match.

Is a price gap an arbitrage?

Only when you can buy Yes on one venue below what someone pays for Yes on the other, after fees, and both contracts settle the same way. We show the executable bid and ask so you can check.

How fresh are these prices?

Venue prices refresh every few minutes, and the order book and live quotes stream continuously. Each venue’s card shows when we last observed it.

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