Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Who Will Win 2026) Pick polygram.ink (preferred broker) |
68% | 32% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | See live odds → |
Polymarket (direct) polymarket.com |
68% | 32% | 0% | Geo-blocked in US/UK/EU | USDC, on-chain | See live odds → |
Kalshi kalshi.com |
— | — | Up to 7% per trade | US-only, KYC required | USD | See live odds → |
Betfair Exchange betfair.com |
— | — | 2-5% commission | Full KYC from first trade | GBP / EUR | See live odds → |
Manifold Markets manifold.markets |
— | — | Play-money (mana) | None — play-money | Mana (no cash-out) | See live odds → |
Outcome probabilities
Current market-implied probability for each outcome, from the live order book.
| Outcome | Probability |
|---|---|
| December 31, 2026 | 68% |
| October 31, 2026 | 40% |
| September 30, 2026 | 9% |
| September 15, 2026 | 2% |
| June 30, 2026 | 0% |
| July 31, 2026 | 0% |
Market context
Anthropic has **not** listed yet, and the market’s **0%** implied probability says traders are treating an IPO by the settlement deadline as a complete longshot. The consensus on the street is still that the company is in preparation rather than execution: it confidentially filed an S-1 with the SEC on 1 June 2026, but no public pricing terms or listing date have been confirmed.[9][11] On that basis, the favourite remains **No**, with any Yes case relying on a clean, accelerated process from filing to debut inside the remaining window.
Comparable late-stage private listings tend to move only once the public filing, roadshow, and exchange timing become visible. Reuters-style or Bloomberg-style reporting often sketches an October window after a confidential filing, but the key point for a handicapper is that a confidential S-1 does not bind a company to a timetable, and the prospectus must be shown to investors at least 15 days before the roadshow starts.[1][9] That leaves the contrarian angle in timing risk: if the public S-1 arrives promptly and investor meetings convert into a firm roadshow, the market can reprice quickly from “impossible” to “plausible”.
The catalysts to watch are the public S-1 amendment, SEC clearance, roadshow scheduling, and any exchange confirmation from Nasdaq or the NYSE.[1][2][10] CNBC reported in July that bankers were lining up investor meetings and that a debut could come as soon as October, though the timing could still shift.[1] For value hunters, the setup is one of asymmetric disbelief: consensus leans heavily to **No**, but the only way a **Yes** becomes live is via official filing momentum, so any confirmed public registration statement would be the first real signal that the zero probability is stale.
Methodology
We track Anthropic IPO by 2027? across the five venues with material prediction-market liquidity. The probability shown is the live Polymarket mid; the comparison rows summarise how each venue treats the underlying contract — fees, KYC thresholds, settlement currency, deposit options. The highlighted row marks the cheapest route into Polymarket's order book.
Resolution & payout
At resolution the UMA oracle takes over: a proposer posts the outcome with a bond, any token holder can dispute within two hours. Without dispute the result is accepted and the smart contract distributes USDC instantly.
On Kalshi (CFTC-regulated) resolution runs through their in-house clearing engine in USD. Betfair Exchange settles after match end in the account's local currency. Manifold pays no cash — only its in-platform "mana" currency.
FAQ
- Is this market available outside the US?
- Polymarket itself is geo-blocked in the US/UK/EU. Always check the legal status of prediction markets in your jurisdiction before trading.
- What's the difference between YES and NO shares?
- A YES share pays $1.00 if the event happens, $0 otherwise. A NO share pays $1.00 if the event doesn't happen. The market price between 0¢ and 100¢ is the implied probability.
- What does Polymarket cost to trade?
- Polymarket itself charges 0% — the only cost is the Polygon network fee, typically under $0.01 per transaction. Off-chain venues like Kalshi or Betfair charge 2-7% commission.
- Do I need to KYC for this market?
- On Polymarket directly, no — it's wallet-based. Intermediary brokers like Who Will Win 2026 trigger KYC only above $1,500 of lifetime trading volume; under that you trade pseudonymously with a single wallet address.
- How reliable are the quoted odds?
- The YES/NO percentages are the live mid-prices of the Polymarket order book. On deep markets they move every few seconds; on thinner ones you'll see short plateaus.
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