Recent secondary tenders and large AI-focused funding rounds have left Anthropic, OpenAI, Databricks, Stripe, and Revolut clustered near the top of private valuations, producing the tight 49.5–51% market-implied odds. Anthropic’s $965 billion May Series H and OpenAI’s August tender at $852 billion reflect sustained investor demand for frontier large language models and compute access, while Databricks’ $190 billion August raise and Stripe’s payments-plus-AI infrastructure deals underscore how data platforms and developer tools are capturing similar capital. ByteDance’s lower marks and Perplexity’s smaller size highlight differentiation by revenue scale and regulatory overhang. With September resolution approaching, any new tender, revenue disclosure, or IPO filing could quickly reorder the leaderboard.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · UpdatedPerplexity 51%
OpenAI 50%
Anduril 50%
Anthropic 50%
NEW
NEW
Oct 1, 2026
Perplexity
51%
OpenAI
50%
Anduril
50%
Anthropic
50%
ByteDance
50%
Databricks
50%
Neuralink
50%
Revolut
50%
Stripe
50%
Canva
49%
Perplexity 51%
OpenAI 50%
Anduril 50%
Anthropic 50%
NEW
NEW
Oct 1, 2026
Perplexity
$0 Vol.
51%
OpenAI
$0 Vol.
50%
Anduril
$0 Vol.
50%
Anthropic
$0 Vol.
50%
ByteDance
$0 Vol.
50%
Databricks
$0 Vol.
50%
Neuralink
$0 Vol.
50%
Revolut
$0 Vol.
50%
Stripe
$0 Vol.
50%
Canva
$0 Vol.
49%
This market will resolve to the listed company with the largest private market valuation on September 30, 2026.
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 the calendar date following the specified date, this market may remain open until 11:59 PM ET on the third business day following the specified date. 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 specified date, this market will resolve based on the NPM data published prior to the cessation of coverage, as well as applicable public market capitalization data following an IPO or direct listing.
If a company completes an IPO or direct listing before the specified date, this market will resolve based on its final NPM valuation published between market creation and the IPO or direct listing date, as this market is based on private market valuations only.
If a listed company merges with or acquires another entity and remains the parent company, no change to resolution methodology applies.
If a 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 the NPM valuation achieved prior to completion of the transaction will be considered for resolution. No transaction, acquisition, or merger consideration will be considered for resolution.
If two or more companies are tied for the highest valuation, the markets will resolve in favor of the company that achieved that valuation first. If the valuations were achieved on the same day, the market will resolve in favor of the company whose listed name comes first alphabetically.
Revisions to previously published NPM data made after their initial release will not be considered, unless made to correct clearly erroneous data.
The resolution sources for this market are:
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-c62b8140-fdeb-428d-a9a6-d04eb3b24b49
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-3e197763-4ff8-4d8c-bd1f-cc2792937757
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-f364d2ab-34b7-48c9-a2b7-af62da804953
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-5e0e75a3-96d6-4893-8f23-9d9bac0ec1db
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-53787f17-a704-47a9-895a-cb54833bdb1f
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-782c0a32-4727-4097-a40b-9a2602f243e7
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-30839e0b-2730-4495-839f-1bf638fa9cca
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-802a7f97-3625-4614-a13d-d999cf139330
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-70f3c3d1-565b-491a-83df-54d0c8b08186
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-6edded11-6786-4392-9695-3cce6fda0de0.Recent secondary tenders and large AI-focused funding rounds have left Anthropic, OpenAI, Databricks, Stripe, and Revolut clustered near the top of private valuations, producing the tight 49.5–51% market-implied odds. Anthropic’s $965 billion May Series H and OpenAI’s August tender at $852 billion reflect sustained investor demand for frontier large language models and compute access, while Databricks’ $190 billion August raise and Stripe’s payments-plus-AI infrastructure deals underscore how data platforms and developer tools are capturing similar capital. ByteDance’s lower marks and Perplexity’s smaller size highlight differentiation by revenue scale and regulatory overhang. With September resolution approaching, any new tender, revenue disclosure, or IPO filing could quickly reorder the leaderboard.
This market will resolve to the listed company with the largest private market valuation on September 30, 2026.
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 the calendar date following the specified date, this market may remain open until 11:59 PM ET on the third business day following the specified date. 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 specified date, this market will resolve based on the NPM data published prior to the cessation of coverage, as well as applicable public market capitalization data following an IPO or direct listing.
If a company completes an IPO or direct listing before the specified date, this market will resolve based on its final NPM valuation published between market creation and the IPO or direct listing date, as this market is based on private market valuations only.
If a listed company merges with or acquires another entity and remains the parent company, no change to resolution methodology applies.
If a 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 the NPM valuation achieved prior to completion of the transaction will be considered for resolution. No transaction, acquisition, or merger consideration will be considered for resolution.
If two or more companies are tied for the highest valuation, the markets will resolve in favor of the company that achieved that valuation first. If the valuations were achieved on the same day, the market will resolve in favor of the company whose listed name comes first alphabetically.
Revisions to previously published NPM data made after their initial release will not be considered, unless made to correct clearly erroneous data.
The resolution sources for this market are:
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-c62b8140-fdeb-428d-a9a6-d04eb3b24b49
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-3e197763-4ff8-4d8c-bd1f-cc2792937757
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-f364d2ab-34b7-48c9-a2b7-af62da804953
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-5e0e75a3-96d6-4893-8f23-9d9bac0ec1db
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-53787f17-a704-47a9-895a-cb54833bdb1f
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-782c0a32-4727-4097-a40b-9a2602f243e7
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-30839e0b-2730-4495-839f-1bf638fa9cca
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-802a7f97-3625-4614-a13d-d999cf139330
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-70f3c3d1-565b-491a-83df-54d0c8b08186
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-6edded11-6786-4392-9695-3cce6fda0de0.
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 the calendar date following the specified date, this market may remain open until 11:59 PM ET on the third business day following the specified date. 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 specified date, this market will resolve based on the NPM data published prior to the cessation of coverage, as well as applicable public market capitalization data following an IPO or direct listing.
If a company completes an IPO or direct listing before the specified date, this market will resolve based on its final NPM valuation published between market creation and the IPO or direct listing date, as this market is based on private market valuations only.
If a listed company merges with or acquires another entity and remains the parent company, no change to resolution methodology applies.
If a 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 the NPM valuation achieved prior to completion of the transaction will be considered for resolution. No transaction, acquisition, or merger consideration will be considered for resolution.
If two or more companies are tied for the highest valuation, the markets will resolve in favor of the company that achieved that valuation first. If the valuations were achieved on the same day, the market will resolve in favor of the company whose listed name comes first alphabetically.
Revisions to previously published NPM data made after their initial release will not be considered, unless made to correct clearly erroneous data.
The resolution sources for this market are:
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-c62b8140-fdeb-428d-a9a6-d04eb3b24b49
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-3e197763-4ff8-4d8c-bd1f-cc2792937757
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-f364d2ab-34b7-48c9-a2b7-af62da804953
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-5e0e75a3-96d6-4893-8f23-9d9bac0ec1db
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-53787f17-a704-47a9-895a-cb54833bdb1f
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-782c0a32-4727-4097-a40b-9a2602f243e7
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-30839e0b-2730-4495-839f-1bf638fa9cca
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-802a7f97-3625-4614-a13d-d999cf139330
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-70f3c3d1-565b-491a-83df-54d0c8b08186
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-6edded11-6786-4392-9695-3cce6fda0de0.
Market Opened: Aug 31, 2026, 7:23 PM ET
Volume
$0End Date
Oct 1, 2026Market Opened
Aug 31, 2026, 7:23 PM ETResolver
0x69c47De9D...This market will resolve to the listed company with the largest private market valuation on September 30, 2026.
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 the calendar date following the specified date, this market may remain open until 11:59 PM ET on the third business day following the specified date. 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 specified date, this market will resolve based on the NPM data published prior to the cessation of coverage, as well as applicable public market capitalization data following an IPO or direct listing.
If a company completes an IPO or direct listing before the specified date, this market will resolve based on its final NPM valuation published between market creation and the IPO or direct listing date, as this market is based on private market valuations only.
If a listed company merges with or acquires another entity and remains the parent company, no change to resolution methodology applies.
If a 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 the NPM valuation achieved prior to completion of the transaction will be considered for resolution. No transaction, acquisition, or merger consideration will be considered for resolution.
If two or more companies are tied for the highest valuation, the markets will resolve in favor of the company that achieved that valuation first. If the valuations were achieved on the same day, the market will resolve in favor of the company whose listed name comes first alphabetically.
Revisions to previously published NPM data made after their initial release will not be considered, unless made to correct clearly erroneous data.
The resolution sources for this market are:
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-c62b8140-fdeb-428d-a9a6-d04eb3b24b49
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-3e197763-4ff8-4d8c-bd1f-cc2792937757
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-f364d2ab-34b7-48c9-a2b7-af62da804953
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-5e0e75a3-96d6-4893-8f23-9d9bac0ec1db
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-53787f17-a704-47a9-895a-cb54833bdb1f
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-782c0a32-4727-4097-a40b-9a2602f243e7
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-30839e0b-2730-4495-839f-1bf638fa9cca
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-802a7f97-3625-4614-a13d-d999cf139330
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-70f3c3d1-565b-491a-83df-54d0c8b08186
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-6edded11-6786-4392-9695-3cce6fda0de0.Recent secondary tenders and large AI-focused funding rounds have left Anthropic, OpenAI, Databricks, Stripe, and Revolut clustered near the top of private valuations, producing the tight 49.5–51% market-implied odds. Anthropic’s $965 billion May Series H and OpenAI’s August tender at $852 billion reflect sustained investor demand for frontier large language models and compute access, while Databricks’ $190 billion August raise and Stripe’s payments-plus-AI infrastructure deals underscore how data platforms and developer tools are capturing similar capital. ByteDance’s lower marks and Perplexity’s smaller size highlight differentiation by revenue scale and regulatory overhang. With September resolution approaching, any new tender, revenue disclosure, or IPO filing could quickly reorder the leaderboard.
This market will resolve to the listed company with the largest private market valuation on September 30, 2026.
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 the calendar date following the specified date, this market may remain open until 11:59 PM ET on the third business day following the specified date. 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 specified date, this market will resolve based on the NPM data published prior to the cessation of coverage, as well as applicable public market capitalization data following an IPO or direct listing.
If a company completes an IPO or direct listing before the specified date, this market will resolve based on its final NPM valuation published between market creation and the IPO or direct listing date, as this market is based on private market valuations only.
If a listed company merges with or acquires another entity and remains the parent company, no change to resolution methodology applies.
If a 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 the NPM valuation achieved prior to completion of the transaction will be considered for resolution. No transaction, acquisition, or merger consideration will be considered for resolution.
If two or more companies are tied for the highest valuation, the markets will resolve in favor of the company that achieved that valuation first. If the valuations were achieved on the same day, the market will resolve in favor of the company whose listed name comes first alphabetically.
Revisions to previously published NPM data made after their initial release will not be considered, unless made to correct clearly erroneous data.
The resolution sources for this market are:
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-c62b8140-fdeb-428d-a9a6-d04eb3b24b49
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-3e197763-4ff8-4d8c-bd1f-cc2792937757
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-f364d2ab-34b7-48c9-a2b7-af62da804953
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-5e0e75a3-96d6-4893-8f23-9d9bac0ec1db
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-53787f17-a704-47a9-895a-cb54833bdb1f
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-782c0a32-4727-4097-a40b-9a2602f243e7
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-30839e0b-2730-4495-839f-1bf638fa9cca
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-802a7f97-3625-4614-a13d-d999cf139330
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-70f3c3d1-565b-491a-83df-54d0c8b08186
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-6edded11-6786-4392-9695-3cce6fda0de0.
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 the calendar date following the specified date, this market may remain open until 11:59 PM ET on the third business day following the specified date. 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 specified date, this market will resolve based on the NPM data published prior to the cessation of coverage, as well as applicable public market capitalization data following an IPO or direct listing.
If a company completes an IPO or direct listing before the specified date, this market will resolve based on its final NPM valuation published between market creation and the IPO or direct listing date, as this market is based on private market valuations only.
If a listed company merges with or acquires another entity and remains the parent company, no change to resolution methodology applies.
If a 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 the NPM valuation achieved prior to completion of the transaction will be considered for resolution. No transaction, acquisition, or merger consideration will be considered for resolution.
If two or more companies are tied for the highest valuation, the markets will resolve in favor of the company that achieved that valuation first. If the valuations were achieved on the same day, the market will resolve in favor of the company whose listed name comes first alphabetically.
Revisions to previously published NPM data made after their initial release will not be considered, unless made to correct clearly erroneous data.
The resolution sources for this market are:
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-c62b8140-fdeb-428d-a9a6-d04eb3b24b49
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-3e197763-4ff8-4d8c-bd1f-cc2792937757
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-f364d2ab-34b7-48c9-a2b7-af62da804953
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-5e0e75a3-96d6-4893-8f23-9d9bac0ec1db
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-53787f17-a704-47a9-895a-cb54833bdb1f
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-782c0a32-4727-4097-a40b-9a2602f243e7
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-30839e0b-2730-4495-839f-1bf638fa9cca
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-802a7f97-3625-4614-a13d-d999cf139330
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-70f3c3d1-565b-491a-83df-54d0c8b08186
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-6edded11-6786-4392-9695-3cce6fda0de0.
Volume
$0End Date
Oct 1, 2026Market Opened
Aug 31, 2026, 7:23 PM ETResolver
0x69c47De9D...Recent secondary tenders and large AI-focused funding rounds have left Anthropic, OpenAI, Databricks, Stripe, and Revolut clustered near the top of private valuations, producing the tight 49.5–51% market-implied odds. Anthropic’s $965 billion May Series H and OpenAI’s August tender at $852 billion reflect sustained investor demand for frontier large language models and compute access, while Databricks’ $190 billion August raise and Stripe’s payments-plus-AI infrastructure deals underscore how data platforms and developer tools are capturing similar capital. ByteDance’s lower marks and Perplexity’s smaller size highlight differentiation by revenue scale and regulatory overhang. With September resolution approaching, any new tender, revenue disclosure, or IPO filing could quickly reorder the leaderboard.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated
Beware of external links.
Beware of external links.
Frequently Asked Questions