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Will Kraken’s valuation hit (HIGH) $25B by December 31? Predictions

The market saysProbably not11% YES
YES 11%
89% NO

A YES share pays out if this happens and NO pays out if it doesn’t — so the 11% price is just the market’s implied chance of YES. How YES/NO contracts work →

Platform
Polymarket
Volume
$9,068 volume
Resolves
1 Jan 2027
Updated
15 seconds ago

Kraken is a long shot, with 11% of the market pricing a path to a $25B valuation by year-end 2026. The contract has slipped down 20 points, a signal that near-term momentum has cooled. $9k in weekly volume suggests limited conviction either way.

The bar is high: Kraken would need to roughly double its last known private valuation to clear $25B. That’s possible in a bull market for crypto exchanges—custody, trading volume, and regulatory clarity all matter—but the resolution hinges on a single data point: Nasdaq Private Market’s NPM Price, which publishes daily for trading days only. A single published valuation at or above $25B anytime through 2026 settles this to Yes.

Watch for Kraken fundraising announcements, crypto market strength, and competitive positioning among exchanges. The 89% price reflects the difficulty of hitting a specific milestone two years out on sparse data releases. Prices here are snapshots of live uncertainty, not predictions.

FAQ

What does a 11% price mean?

It is the market-implied probability. A 11% YES price means traders collectively judge the event about 11% likely.

How does this market resolve?

This market will resolve to "Yes" if Kraken's private market valuation, as measured by the NPM Price reported by Nasdaq Private Market, LLC (NPM) for any date between market creation and December 31, 2026, reaches or exceeds the listed amount. Otherwise, this market will resolve to "No". NPM Prices

Where can I trade it?

This market is listed on Polymarket. Prediction markets carry real financial risk and may not be available in every state.

What crypto markets can I trade?

Bitcoin and Ether price levels, spot-ETF approvals, exchange IPOs, and corporate-treasury moves are the most active.

Do I need crypto to trade these?

Not always. Some platforms fund in dollars; Polymarket settles in USDC. Check each platform’s funding options first.

Where’s the deepest crypto liquidity?

Polymarket and Kalshi — compare them in our Polymarket and Kalshi reviews.

What is a prediction market?

A prediction market lets you trade contracts on whether a real-world event will happen. The live price moves with supply and demand and reads as the implied probability. Read more →

How do the odds work?

Every price between 1¢ and 99¢ is the implied chance of YES. A contract settles at $1 if it resolves yes and $0 if it does not. Read more →

Trade this on Polymarket →

Prediction market contracts carry real financial risk and can resolve to zero. 18+.