Polymarket announced on Tuesday that it is launching a new category of prediction markets tied to private company milestones, including IPO timing, valuations, earnings, and secondary market activity.
The crypto-native prediction market platform said the new offerings will exclusively source resolution data from Nasdaq Private Market via a new partnership between the two.
"Prediction markets are one of the most powerful tools we have for democratizing access to financial information and opportunity," Shayne Coplan said in a statement. "Today’s launch brings that power to one of the last frontiers of financial markets that retail participants have never been able to access."
The launch comes as crypto platforms are expanding and experimenting with their own products tied to private company valuations and IPO expectations.
Earlier this month, the Hyperliquid-based TradeXYZ platform rolled out pre-IPO perpetual futures tied to companies like Cerebras and Elon Musk's SpaceX. Its goal is to turn private market sentiment into tradable onchain markets.
