🔴 Major Partnership between Polymarket and Nasdaq

What happened?

Polymarket, the world's largest prediction market, has teamed up with Nasdaq Private Market to launch prediction markets for private companies. (businesswire)

What bets can we place on this?

Users can place bets on the valuations of private companies, the timing of IPOs, and the activities in the secondary market. (Investing.com)

Which companies are involved?

For example, one market is whether OpenAI's IPO will exceed $1 trillion before 2027, and another is whether Anthropic's valuation will reach $500 billion by 2026. There's also a market on whether Anthropic's valuation will outstrip OpenAI's this year. (CNBC)

What role does Nasdaq play?

Nasdaq Private Market will provide the data that will determine whether the contract will settle "yes" or "no." (CoinDesk)

Why is this important?

These new contracts are giving retail traders a shot at betting on those unicorn companies that have previously been limited to major institutional investors. (CoinDesk)

What's the market size?

There are around 1,600 unicorn companies worldwide whose combined valuation exceeds $5 trillion, but access for the average person hasn't been there. (Business Wire)

How does the contract work?

The price ranges from $0.01 to $0.99 — the winning contract settles at $1. This is not equity in the company, but rather a bet on a real event being yes or no. (WinBuzzer)

How big is Polymarket?

By 2026, Polymarket's volume in America alone has been around $39 billion. (The Block)