Polymarket announced the launch of the first prediction markets tied to private company performance on Tuesday, with Nasdaq Private Market serving as the exclusive resolution data provider.
The markets resolve on valuation milestones, IPO timing and secondary market activity for names like SpaceX and OpenAI.
Nasdaq Private Market, or NPM, is the institutional venue backed by Nasdaq Inc. (NASDAQ:NDAQ), Goldman Sachs, Morgan Stanley and Citi that has cleared nearly $80 billion in secondary liquidity for private company shareholders.
The Data Moat Is The Story
Private company valuations are notoriously opaque, usually anchored to sporadic funding rounds or stale 409A marks that may be months old.
NPM runs actual corporate-sponsored tender offers and structured secondary auctions, meaning Polymarket contracts will settle on …
This post was originally published here
