Ledger IPO closing market cap above $2B?
Probability
51¢
1h
-0.2pp
24h
-0.5pp
24h Vol
$0.00
Liquidity
$307.38
Canonical status
confidence: mediumSource status (Polymarket)
Derived status (Orrery)
Reason
Liquidity is below $1,000 — price discovery is unreliable.
The derived status is computed from the source flags plus the live YES price, so a market trading near a rail can read as PRICE-PINNED while upstream is still active. That isn't the same as resolved.
Resolution & Risk
LOW risk- End date
- Jan 1, 2028
- UMA status
- n/a
- Resolution source
- Primaryto the official closing price of the abbreviated sessionTypeAmbiguous wordingConfidenceextracted · low
- Market type
- Binary
- Wide spread (67.4¢) — liquidity risk on entry/exit.
Probability (last 7 days)
-5.4pp 7dWhy did it move?
Structured · 2 factors- 01Active signal
Resolution-risk observation firing
Spread is wide enough that intraday moves overstate any tradeable edge.
- 02Spread cost
Wide spread — 67.4¢
Bid-ask spread is wide enough that intraday moves overstate any tradeable advantage. Most of the headline pp move would be eaten by spread on a market order.
What to track next
- Verify the resolution source on this page — exchange feed, official release, news consensus — before treating any move as new information.
Verification actions only — never trade recommendations.
Each factor is grounded in a single named metric you can verify on this page — probability, volume, liquidity, signal, resolution state. No predictions, no prose hallucinations.
Resolution & Risk
LOW risk- End date
- Jan 1, 2028
- UMA status
- n/a
- Resolution source
- Primaryto the official closing price of the abbreviated sessionTypeAmbiguous wordingConfidenceextracted · low
- Market type
- Binary
- Wide spread (67.4¢) — liquidity risk on entry/exit.
Timeline
critical · price · trade flowCritical
- Jan 1, 05:00 UTCScheduled resolutionLOW
Market resolves in 14227.5h
- 09:32SignalLOW
Resolution risk
Spread is wide enough that intraday moves overstate any tradeable edge.
Price movement
-0.5pp over the last 24h, now 51¢.
Biggest hourly move: -5.5pp at May 14, 09:00 UTC (to 52¢).
Show top 8 of 23 hourly moves
- 12:00 · -4.4pp → 51¢
- May 15, 20:00 UTC · -5.4pp → 52¢
- May 15, 18:00 UTC · -4.6pp → 52¢
- May 15, 15:00 UTC · -4.9pp → 51¢
- May 15, 07:00 UTC · -4.6pp → 51¢
- May 14, 20:00 UTC · -5.4pp → 52¢
- May 14, 15:00 UTC · -4.0pp → 54¢
- May 14, 09:00 UTC · -5.5pp → 52¢
Active signals
Recent Trades
No recent trades visible from the Data API for this market. That usually means liquidity is thin or this market is between event windows.
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Market Description
This market will resolve to “Yes” if the official closing price for Ledger's market capitalization on its first trading day is above the value specified in the title. Otherwise, it will resolve to “No”. If no IPO occurs by December 31, 2027, 11:59 PM ET, this market will resolve to “No”. Market capitalization is defined as the total number of outstanding shares multiplied by the closing share price on the first trading day. Resolution will be based on the primary exchange’s official listing page. In the event that the relevant figure is not displayed, another reliable source will be used. In the event of an interruption in the course of the normal trading session on Ledger’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that as the first day of trading.
Why this category?
confidence: highCategory
Source
Matched term
ipo Reason
IPO markets are Business / corporate-finance events.
Categories come from a deterministic engine: manual overrides (highest priority) → sports hard markers → event-tag rules → keyword rules → Gamma category hint → default. The engine is versioned in category-overrides.ts; methodology lives at /methodology.
FAQ — questions readers actually ask
What is the current Polymarket probability for "Ledger IPO closing market cap above $2B?"?
As of Mon, 18 May 2026 09:32:34 GMT, YES is priced at 51% implied probability on Polymarket. The price changed -0.5pp in the last 24 hours, -0.2pp in the last hour, and -5.4pp in the last 7 days.
When does this market resolve?
This market resolves by Jan 1, 2028 (2028-01-01T05:00:00.000Z). Resolution is determined from the market description on Polymarket.
What source determines the outcome?
Resolution is sourced from the market description on Polymarket. Polymarket's UMA optimistic oracle is the final settlement layer; if the published source is ambiguous, UMA tokenholders adjudicate. Source-extraction confidence is shown in the Resolution & Risk block above.
How much is being traded on this market?
$0.00 of trading volume in the last 24 hours. Lifetime volume on Polymarket: $4.0K. Open liquidity in the YES/NO orderbooks: $307.38. Spread between best bid and best ask: 67.4¢.
Is this a trade recommendation?
No. Orrery describes — never predicts. Every signal on this market carries explicit Evidence, Backtest, and Action tiers. The Action is always one of: Watch only, Inspect timeline, Create alert, Verify source, or Ignore — never Buy or Sell. The probability above is the market's collective implied probability, not a forecast Orrery is publishing.
How fresh is this data and where does it come from?
This page revalidates from the public Polymarket APIs every 30 seconds. Probability and 24h-change come from Gamma; the chart series comes from the CLOB orderbook history; trade and holder data come from the Data API. The fetched-at timestamp on each block tells you exactly how old the underlying upstream pull was.
Alerts
In-app banners fire as soon as a rule is satisfied. Email digests are wired to a server-side cron and continue while your tabs are closed. Telegram and Discord are planned — every existing rule will keep working as channels light up.