The Prediction Markets

Will Kraken's valuation hit __ by December 31?

Closes
Jan 5, 2027, in 2 months
Traded
$151K
Venues
Polymarket
Prices updated
just now
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What the markets expect

12.5B 46.7%

Next is 8B at 26.5%. Only Polymarket lists this market, so there is no second price to compare.

12.5B 46.7%8B 26.5%15B 11.1%22.5B 5.4%17.5B 4%2 others 6.3%

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
12.5B
46.7%
Polymarket 48.5%(46.7% fair)polled, 22s agoBest Yes 76¢ on Polymarket, $100 pays $132 (1.32x)
Polymarket
Contract
12.5B
Last price
48.5%
Fair, margin removed
46.7%
As of
Polled just now
Buy Yes
76¢
Sell Yes
21¢
$100 on Yes pays
$132 (1.32x)
Volume
$18K
Trade this on Polymarket
8B
26.5%
Polymarket 27.5%(26.5% fair)polled, 22s agoBest Yes 43¢ on Polymarket, $100 pays $233 (2.33x)
Polymarket
Contract
8B
Last price
27.5%
Fair, margin removed
26.5%
As of
Polled just now
Buy Yes
43¢
Sell Yes
12¢
$100 on Yes pays
$233 (2.33x)
Volume
$13K
Trade this on Polymarket
15B
11.1%
Polymarket 11.5%polled, 22s agoBest Yes 21¢ on Polymarket, $100 pays $476 (4.76x)
Polymarket
Contract
15B
Last price
11.5%
As of
Polled just now
Buy Yes
21¢
Sell Yes
2¢
$100 on Yes pays
$476 (4.76x)
Volume
$28K
Trade this on Polymarket
22.5B
5.4%
Polymarket 5.6%polled, 22s agoBest Yes 9.3¢ on Polymarket, $100 pays $1,075 (10.8x)
Polymarket
Contract
22.5B
Last price
5.6%
As of
Polled just now
Buy Yes
9.3¢
Sell Yes
1.9¢
$100 on Yes pays
$1,075 (10.8x)
Volume
$11K
Trade this on Polymarket
17.5B
4%
Polymarket 4.2%polled, 22s agoBest Yes 7.5¢ on Polymarket, $100 pays $1,333 (13.3x)
Polymarket
Contract
17.5B
Last price
4.2%
As of
Polled just now
Buy Yes
7.5¢
Sell Yes
0.8¢
$100 on Yes pays
$1,333 (13.3x)
Volume
$25K
Trade this on Polymarket
20B
3.2%
Polymarket 3.4%polled, 22s agoBest Yes 6.1¢ on Polymarket, $100 pays $1,639 (16.4x)
Polymarket
Contract
20B
Last price
3.4%
As of
Polled just now
Buy Yes
6.1¢
Sell Yes
0.6¢
$100 on Yes pays
$1,639 (16.4x)
Volume
$21K
Trade this on Polymarket
25B
3.1%
Polymarket 3.3%polled, 22s agoBest Yes 3.5¢ on Polymarket, $100 pays $2,857 (28.6x)
Polymarket
Contract
25B
Last price
3.3%
As of
Polled just now
Buy Yes
3.5¢
Sell Yes
3¢
$100 on Yes pays
$2,857 (28.6x)
Volume
$20K
Trade this on Polymarket

Who resolves this market

Polymarket
Polymarket resolves via:
UMA optimistic oracle, source: fe.secondmarket.com

How the odds have moved

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

  • 12.5B
  • 8B
  • 15B

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 0.07 × price × (1 − price) per share (crypto rate). Fee calculator. Estimates only, not advice.

About this market

Live prediction market odds for "Will Kraken's valuation hit __ by December 31?". 12.5B leads at 46.7%. Next is 8B at 26.5%. $151K has traded across 7 outcomes on Polymarket. The market is expected to resolve by Jan 5, 2027.

This market will resolve to "Yes" if Kraken's private market valuation, as measured by the NPM Price reported by Nasdaq Private Market, LLC (NPM) for any date between market creation and December 31, 2026, reaches or exceeds the listed amount. Otherwise, this market will resolve to "No". NPM Prices are published for trading days only and are updated once daily at 1:00 PM ET on the following calendar day. If NPM has not published relevant data for all business dates in the specified period by 1:00 PM ET on January 1, 2027, this market may remain open until 11:59 PM ET on January 4, 2027. If no further data is released by that time, the market will resolve according to the data available. If NPM ceases publishing relevant data prior to the end of the specified period, this market will resolve based on the NPM data published for the period prior to the cessation of coverage, as well as any applicable public market capitalization data following an IPO or direct listing. If the company completes an IPO or direct listing before the end of the specified period, this market will consider, in addition to the relevant NPM valuations published between market creation and the IPO or direct listing date, the valuation implied by the official IPO or direct listing price, and the company's public market capitalization between the IPO or direct listing date and the end of the specified period. Public market capitalization will be determined using the highest/lowest official regular-hours trading price published for the company's primary listed common equity on its primary exchange for any trading day during the specified period, multiplied by the company's total outstanding common shares at the relevant time. If the listed company merges with or acquires another entity and remains the parent company, no change to resolution methodology applies. If the listed company is acquired, merges into another entity and is no longer the surviving parent company, or otherwise ceases to exist as an independent entity prior to the end of the period, only NPM valuations and applicable public market capitalizations achieved prior to completion of the transaction will be considered for resolution. No transaction, acquisition, or merger consideration will be considered for resolution. The resolution source for this market is NPM data published here (https://fe.secondmarket.com/companies/company-ab5413cb-1c83-497e-b03e-2ed7ca70117d/data?return_url=https://polymarket.com/finance/privates). The resolution source for any period following an IPO, direct listing, or relevant corporate action, will be official exchange trading data and publicly reported share counts. Revisions to previously published NPM data made after their initial release will not be considered, unless made to correct clearly erroneous data.

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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