分析：Pre-IPO热潮外溢至预测市场，相关交易成新风口

Odaily reported that as anticipation for several major potential IPOs heats up, "prediction market trading" centered around privately-held star companies is rapidly gaining momentum, with users betting on pre-IPO outcomes through prediction contracts.

Platforms such as Polymarket and Kalshi have become primary channels, allowing users to engage in "yes/no" contract trading on key variables like valuation ranges and listing timelines. Prices are quoted in cents and settle at $1 if the outcome is correct.

Since ordinary investors lack direct access to equity in hot private companies like SpaceX and OpenAI before their IPOs, prediction markets are transforming this anticipation into tradable, event-driven assets.

Analysts believe that with the window for potential "mega IPOs" approaching, prediction markets are leveraging public sentiment and capital attention to convert the IPO narrative into short-term volatility opportunities on both on-chain and compliant trading platforms, further expanding their influence in financial speculation and information pricing. (The Information)