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Polymarket to let users make prediction market bets on private companies

The contracts let traders bet on valuation targets and IPO timing while Nasdaq Private Market supplies the data used to settle payouts.

  • On Tuesday, Polymarket launched new prediction markets allowing users to trade on private-company performance for the first time, partnering with Nasdaq Private Market to track valuation milestones, IPO plans, and secondary market activity.
  • Traditionally, investing in high-growth startups—nearly 1,600 of which are unicorns—was reserved for wealthy accredited investors, but Polymarket attempts to bridge this gap for ordinary retail investors who typically remain sidelined.
  • Nasdaq Private Market acts as the official resolution data provider for these contracts, enabling traders to take positions on OpenAI—listed in a market regarding a $1 trillion-plus IPO—or Anthropic, with valuation targets of at least $500 billion.
  • Rodolfo Sanchez, vice president of data at Nasdaq Private Market, added that these trades provide a "real-time signal" for investors to gauge private-market performance, allowing individuals to engage with previously inaccessible companies.
  • While rival Kalshi also hosts contracts on SpaceX and OpenAI IPOs, Polymarket's offering aims to provide a direct read on private-market momentum; success depends on whether contracts remain clear enough to trade, liquid enough to matter, and reliable enough to resolve.
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Business Wire broke the news in Crystal River, United States on Monday, May 18, 2026.
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