Anthropic, the AI research company founded by former OpenAI executives, is expected to pursue an initial public offering (IPO) in 2026. The timing and valuation of this offering remain key variables in technology and AI investor discussions. This market resolves based on Anthropic's market capitalization at the close of its IPO day—specifically whether it settles between $100 billion and $200 billion. At present, the market is pricing this outcome at 0% YES odds, indicating traders believe the company will be valued either substantially below or considerably above this range. Anthropic has commanded significant investor interest given its leading position in generative AI development and the broader sector's growth potential. A market cap below $100 billion would suggest conservative investor sentiment relative to current expectations, while a valuation above $200 billion would reflect elevated expectations in the AI sector and broader technology market. The current odds suggest traders anticipate a resolution outside the $100B-$200B band, possibly reflecting uncertainty about IPO timing, market conditions at the time of the offering, and the company's growth trajectory relative to comparable technology companies.