The Prediction Markets

Largest IPO by market cap in 2026?

Closes
Dec 31, 2026, in 2 months
Traded
$6.7M
Venues
Polymarket
Prices updated
just now
Share

What the markets expect

SpaceX 73.1%

Next is Anthropic at 25.9%. Only Polymarket lists this market, so there is no second price to compare.

SpaceX 73.1%Anthropic 25.9%OpenAI 0.5%ByteDance 0.1%Databricks 0.1%3 others 0.3%

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. Ages are as of when this page was built.

  • Polymarket
SpaceX
73.1%
Polymarket 67%(73.1% fair)polled, 31s agoBest Yes 68¢ on Polymarket, $100 pays $147 (1.47x)
Polymarket
Contract
SpaceX
Last price
67%
Fair, margin removed
73.1%
As of
Polled just now
Buy Yes
68¢
Sell Yes
66¢
$100 on Yes pays
$147 (1.47x)
Volume
$1.0M
Trade this on Polymarket
Anthropic
25.9%
Polymarket 23.8%(26% fair)polled, 31s agoBest Yes 29.6¢ on Polymarket, $100 pays $338 (3.38x)
Polymarket
Contract
Anthropic
Last price
23.8%
Fair, margin removed
26%
As of
Polled just now
Buy Yes
29.6¢
Sell Yes
18¢
$100 on Yes pays
$338 (3.38x)
Volume
$1.4M
Trade this on Polymarket
OpenAI
0.5%
Polymarket 0.5%polled, 31s agoBest Yes 0.5¢ on Polymarket, $100 pays $20,000 (200x)
Polymarket
Contract
OpenAI
Last price
0.5%
As of
Polled just now
Buy Yes
0.5¢
Sell Yes
0.4¢
$100 on Yes pays
$20,000 (200x)
Volume
$588K
Trade this on Polymarket
ByteDance
0.1%
Polymarket 0.1%polled, 31s agoBest Yes 0.1¢ on Polymarket, $100 pays $100,000 (1000x)
Polymarket
Contract
ByteDance
Last price
0.1%
As of
Polled just now
Buy Yes
0.1¢
Sell Yes
—
$100 on Yes pays
$100,000 (1000x)
Volume
$223K
Trade this on Polymarket
Databricks
0.1%
Polymarket 0.1%polled, 31s agoBest Yes 0.1¢ on Polymarket, $100 pays $100,000 (1000x)
Polymarket
Contract
Databricks
Last price
0.1%
As of
Polled just now
Buy Yes
0.1¢
Sell Yes
—
$100 on Yes pays
$100,000 (1000x)
Volume
$629K
Trade this on Polymarket
Discord
0.1%
Polymarket 0.1%polled, 31s agoBest Yes 0.1¢ on Polymarket, $100 pays $100,000 (1000x)
Polymarket
Contract
Discord
Last price
0.1%
As of
Polled just now
Buy Yes
0.1¢
Sell Yes
—
$100 on Yes pays
$100,000 (1000x)
Volume
$204K
Trade this on Polymarket
Kraken
0.1%
Polymarket 0.1%polled, 31s agoBest Yes 0.1¢ on Polymarket, $100 pays $100,000 (1000x)
Polymarket
Contract
Kraken
Last price
0.1%
As of
Polled just now
Buy Yes
0.1¢
Sell Yes
—
$100 on Yes pays
$100,000 (1000x)
Volume
$667K
Trade this on Polymarket
Perplexity AI
0.1%
Polymarket 0.1%polled, 31s agoBest Yes 0.1¢ on Polymarket, $100 pays $100,000 (1000x)
Polymarket
Contract
Perplexity AI
Last price
0.1%
As of
Polled just now
Buy Yes
0.1¢
Sell Yes
—
$100 on Yes pays
$100,000 (1000x)
Volume
$133K
Trade this on Polymarket
Revolut
0%
Polymarket 0.1%polled, 31s agoBest Yes 0.1¢ on Polymarket, $100 pays $100,000 (1000x)
Polymarket
Contract
Revolut
Last price
0.1%
As of
Polled just now
Buy Yes
0.1¢
Sell Yes
—
$100 on Yes pays
$100,000 (1000x)
Volume
$660K
Trade this on Polymarket
SHEIN
0%
Polymarket 0.1%polled, 31s agoBest Yes 0.1¢ on Polymarket, $100 pays $100,000 (1000x)
Polymarket
Contract
SHEIN
Last price
0.1%
As of
Polled just now
Buy Yes
0.1¢
Sell Yes
—
$100 on Yes pays
$100,000 (1000x)
Volume
$636K
Trade this on Polymarket
Stripe
0%
Polymarket 0.1%polled, 31s agoBest Yes 0.1¢ on Polymarket, $100 pays $100,000 (1000x)
Polymarket
Contract
Stripe
Last price
0.1%
As of
Polled just now
Buy Yes
0.1¢
Sell Yes
—
$100 on Yes pays
$100,000 (1000x)
Volume
$170K
Trade this on Polymarket
Waymo
0%
Polymarket 0.1%polled, 31s agoBest Yes 0.1¢ on Polymarket, $100 pays $100,000 (1000x)
Polymarket
Contract
Waymo
Last price
0.1%
As of
Polled just now
Buy Yes
0.1¢
Sell Yes
—
$100 on Yes pays
$100,000 (1000x)
Volume
$345K
Trade this on Polymarket

Who resolves this market

Polymarket
Polymarket resolves via:
UMA optimistic oracle, source: federalreserve.gov

How the odds have moved

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

  • SpaceX
  • Anthropic
  • OpenAI

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

Loading both order books…

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 "Largest IPO by market cap in 2026?". SpaceX leads at 73.1%. Next is Anthropic at 25.9%. $6.7M has traded across 12 outcomes on Polymarket. The market is expected to resolve by Dec 31, 2026.

This market will resolve to the company that achieves the highest market capitalization in U.S. dollars based on the official closing price on its first trading day in 2026. This market will resolve to a company that completes an Initial Public Offering (IPO) between January 1 and December 31, 2026, 11:59 PM ET. Market capitalization is defined as the total number of outstanding shares multiplied by the closing share price on the first trading day. If two or more companies have exactly equal highest closing market capitalizations, this market will resolve to the company whose listed name comes first alphabetically. Resolution will be based on the primary exchange’s official listing page. In the event that the relevant figure is not displayed, another reliable source will be used. In case the respective company's primary exchange’s official listing page does not report in U.S. dollars, it will be converted to U.S. dollars using the U.S. Federal Reserve Board’s H.10 foreign exchange reference rate for the relevant currency pair on the company’s first trading day (https://www.federalreserve.gov/releases/h10/). If no such rate is available for the relevant trading day, the most recent previously published rate will be used. If the relevant currency is not listed, another credible exchange rate source will be used. A listed company may resolve to "No" as soon as it becomes unable to complete an IPO, including due to acquisition, merger, or absorption by an entity that is already publicly traded. In the event of an interruption in the course of the normal trading session on the respective companies’ 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 as the first day of trading for 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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