ByteDance holds an overwhelming 89.5% implied probability of ranking as the third-largest private company by valuation at end-September 2026, reflecting its established scale behind Anthropic and OpenAI. Its position stems from consistent secondary-market pricing in the $330–600 billion range, supported by TikTok/Douyin revenue momentum and a recent $29.6 billion syndicated loan secured in early September to fund AI infrastructure expansion. Traders assign far lower odds to challengers such as Anduril, Databricks, or Revolut because their latest funding marks remain well below ByteDance levels, with no major rounds or regulatory shifts in the past month likely to close the gap before month-end. Market sentiment treats the current hierarchy as stable absent unexpected late-September catalysts.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · UpdatedByteDance 90%
Anthropic 14.9%
Anduril 14.2%
Neuralink 9.4%
NEW
NEW
Oct 1, 2026
ByteDance
90%
Anthropic
15%
Anduril
14%
Neuralink
9%
Databricks
9%
Revolut
8%
OpenAI
7%
Canva
6%
Stripe
5%
Perplexity
1%
ByteDance 90%
Anthropic 14.9%
Anduril 14.2%
Neuralink 9.4%
NEW
NEW
Oct 1, 2026
ByteDance
$317 Vol.
90%
Anthropic
$115 Vol.
15%
Anduril
$75 Vol.
14%
Neuralink
$75 Vol.
9%
Databricks
$116 Vol.
9%
Revolut
$115 Vol.
8%
OpenAI
$125 Vol.
7%
Canva
$229 Vol.
6%
Stripe
$75 Vol.
5%
Perplexity
$117 Vol.
1%
This market will resolve to the listed company with the third largest private market valuation on September 30, 2026.
NPM Prices are published for trading days only and are updated once daily at 1:00 PM ET on the following calendar day.
If NPM has not published relevant data for all business dates in the specified period by 1:00 PM ET on the calendar date following the specified date, this market may remain open until 11:59 PM ET on the third business day following the specified date. If no further data is released by that time, the market will resolve according to the data available.
If NPM ceases publishing relevant data prior to the specified date, this market will resolve based on the NPM data published prior to the cessation of coverage, as well as applicable public market capitalization data following an IPO or direct listing.
If a company completes an IPO or direct listing before the specified date, this market will resolve based on its final NPM valuation published between market creation and the IPO or direct listing date, as this market is based on private market valuations only.
If a listed company merges with or acquires another entity and remains the parent company, no change to resolution methodology applies.
If a listed company is acquired, merges into another entity and is no longer the surviving parent company, or otherwise ceases to exist as an independent entity prior to the end of the period, only the NPM valuation achieved prior to completion of the transaction will be considered for resolution. No transaction, acquisition, or merger consideration will be considered for resolution.
If two or more companies are tied for the third highest valuation, the markets will resolve in favor of the company that achieved that valuation first. If the valuations were achieved on the same day, the market will resolve in favor of the company whose listed name comes first alphabetically.
Revisions to previously published NPM data made after their initial release will not be considered, unless made to correct clearly erroneous data.
The resolution sources for this market are:
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-c62b8140-fdeb-428d-a9a6-d04eb3b24b49
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-3e197763-4ff8-4d8c-bd1f-cc2792937757
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-f364d2ab-34b7-48c9-a2b7-af62da804953
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-5e0e75a3-96d6-4893-8f23-9d9bac0ec1db
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-53787f17-a704-47a9-895a-cb54833bdb1f
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-782c0a32-4727-4097-a40b-9a2602f243e7
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-30839e0b-2730-4495-839f-1bf638fa9cca
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-802a7f97-3625-4614-a13d-d999cf139330
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-70f3c3d1-565b-491a-83df-54d0c8b08186
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-6edded11-6786-4392-9695-3cce6fda0de0.ByteDance holds an overwhelming 89.5% implied probability of ranking as the third-largest private company by valuation at end-September 2026, reflecting its established scale behind Anthropic and OpenAI. Its position stems from consistent secondary-market pricing in the $330–600 billion range, supported by TikTok/Douyin revenue momentum and a recent $29.6 billion syndicated loan secured in early September to fund AI infrastructure expansion. Traders assign far lower odds to challengers such as Anduril, Databricks, or Revolut because their latest funding marks remain well below ByteDance levels, with no major rounds or regulatory shifts in the past month likely to close the gap before month-end. Market sentiment treats the current hierarchy as stable absent unexpected late-September catalysts.
This market will resolve to the listed company with the third largest private market valuation on September 30, 2026.
NPM Prices are published for trading days only and are updated once daily at 1:00 PM ET on the following calendar day.
If NPM has not published relevant data for all business dates in the specified period by 1:00 PM ET on the calendar date following the specified date, this market may remain open until 11:59 PM ET on the third business day following the specified date. If no further data is released by that time, the market will resolve according to the data available.
If NPM ceases publishing relevant data prior to the specified date, this market will resolve based on the NPM data published prior to the cessation of coverage, as well as applicable public market capitalization data following an IPO or direct listing.
If a company completes an IPO or direct listing before the specified date, this market will resolve based on its final NPM valuation published between market creation and the IPO or direct listing date, as this market is based on private market valuations only.
If a listed company merges with or acquires another entity and remains the parent company, no change to resolution methodology applies.
If a listed company is acquired, merges into another entity and is no longer the surviving parent company, or otherwise ceases to exist as an independent entity prior to the end of the period, only the NPM valuation achieved prior to completion of the transaction will be considered for resolution. No transaction, acquisition, or merger consideration will be considered for resolution.
If two or more companies are tied for the third highest valuation, the markets will resolve in favor of the company that achieved that valuation first. If the valuations were achieved on the same day, the market will resolve in favor of the company whose listed name comes first alphabetically.
Revisions to previously published NPM data made after their initial release will not be considered, unless made to correct clearly erroneous data.
The resolution sources for this market are:
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-c62b8140-fdeb-428d-a9a6-d04eb3b24b49
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-3e197763-4ff8-4d8c-bd1f-cc2792937757
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-f364d2ab-34b7-48c9-a2b7-af62da804953
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-5e0e75a3-96d6-4893-8f23-9d9bac0ec1db
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-53787f17-a704-47a9-895a-cb54833bdb1f
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-782c0a32-4727-4097-a40b-9a2602f243e7
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-30839e0b-2730-4495-839f-1bf638fa9cca
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-802a7f97-3625-4614-a13d-d999cf139330
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-70f3c3d1-565b-491a-83df-54d0c8b08186
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-6edded11-6786-4392-9695-3cce6fda0de0.
NPM Prices are published for trading days only and are updated once daily at 1:00 PM ET on the following calendar day.
If NPM has not published relevant data for all business dates in the specified period by 1:00 PM ET on the calendar date following the specified date, this market may remain open until 11:59 PM ET on the third business day following the specified date. If no further data is released by that time, the market will resolve according to the data available.
If NPM ceases publishing relevant data prior to the specified date, this market will resolve based on the NPM data published prior to the cessation of coverage, as well as applicable public market capitalization data following an IPO or direct listing.
If a company completes an IPO or direct listing before the specified date, this market will resolve based on its final NPM valuation published between market creation and the IPO or direct listing date, as this market is based on private market valuations only.
If a listed company merges with or acquires another entity and remains the parent company, no change to resolution methodology applies.
If a listed company is acquired, merges into another entity and is no longer the surviving parent company, or otherwise ceases to exist as an independent entity prior to the end of the period, only the NPM valuation achieved prior to completion of the transaction will be considered for resolution. No transaction, acquisition, or merger consideration will be considered for resolution.
If two or more companies are tied for the third highest valuation, the markets will resolve in favor of the company that achieved that valuation first. If the valuations were achieved on the same day, the market will resolve in favor of the company whose listed name comes first alphabetically.
Revisions to previously published NPM data made after their initial release will not be considered, unless made to correct clearly erroneous data.
The resolution sources for this market are:
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-c62b8140-fdeb-428d-a9a6-d04eb3b24b49
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-3e197763-4ff8-4d8c-bd1f-cc2792937757
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-f364d2ab-34b7-48c9-a2b7-af62da804953
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-5e0e75a3-96d6-4893-8f23-9d9bac0ec1db
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-53787f17-a704-47a9-895a-cb54833bdb1f
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-782c0a32-4727-4097-a40b-9a2602f243e7
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-30839e0b-2730-4495-839f-1bf638fa9cca
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-802a7f97-3625-4614-a13d-d999cf139330
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-70f3c3d1-565b-491a-83df-54d0c8b08186
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-6edded11-6786-4392-9695-3cce6fda0de0.
Market Opened: Aug 31, 2026, 7:22 PM ET
Volume
$1,359End Date
Oct 1, 2026Market Opened
Aug 31, 2026, 7:22 PM ETResolver
0x69c47De9D...This market will resolve to the listed company with the third largest private market valuation on September 30, 2026.
NPM Prices are published for trading days only and are updated once daily at 1:00 PM ET on the following calendar day.
If NPM has not published relevant data for all business dates in the specified period by 1:00 PM ET on the calendar date following the specified date, this market may remain open until 11:59 PM ET on the third business day following the specified date. If no further data is released by that time, the market will resolve according to the data available.
If NPM ceases publishing relevant data prior to the specified date, this market will resolve based on the NPM data published prior to the cessation of coverage, as well as applicable public market capitalization data following an IPO or direct listing.
If a company completes an IPO or direct listing before the specified date, this market will resolve based on its final NPM valuation published between market creation and the IPO or direct listing date, as this market is based on private market valuations only.
If a listed company merges with or acquires another entity and remains the parent company, no change to resolution methodology applies.
If a listed company is acquired, merges into another entity and is no longer the surviving parent company, or otherwise ceases to exist as an independent entity prior to the end of the period, only the NPM valuation achieved prior to completion of the transaction will be considered for resolution. No transaction, acquisition, or merger consideration will be considered for resolution.
If two or more companies are tied for the third highest valuation, the markets will resolve in favor of the company that achieved that valuation first. If the valuations were achieved on the same day, the market will resolve in favor of the company whose listed name comes first alphabetically.
Revisions to previously published NPM data made after their initial release will not be considered, unless made to correct clearly erroneous data.
The resolution sources for this market are:
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-c62b8140-fdeb-428d-a9a6-d04eb3b24b49
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-3e197763-4ff8-4d8c-bd1f-cc2792937757
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-f364d2ab-34b7-48c9-a2b7-af62da804953
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-5e0e75a3-96d6-4893-8f23-9d9bac0ec1db
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-53787f17-a704-47a9-895a-cb54833bdb1f
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-782c0a32-4727-4097-a40b-9a2602f243e7
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-30839e0b-2730-4495-839f-1bf638fa9cca
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-802a7f97-3625-4614-a13d-d999cf139330
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-70f3c3d1-565b-491a-83df-54d0c8b08186
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-6edded11-6786-4392-9695-3cce6fda0de0.ByteDance holds an overwhelming 89.5% implied probability of ranking as the third-largest private company by valuation at end-September 2026, reflecting its established scale behind Anthropic and OpenAI. Its position stems from consistent secondary-market pricing in the $330–600 billion range, supported by TikTok/Douyin revenue momentum and a recent $29.6 billion syndicated loan secured in early September to fund AI infrastructure expansion. Traders assign far lower odds to challengers such as Anduril, Databricks, or Revolut because their latest funding marks remain well below ByteDance levels, with no major rounds or regulatory shifts in the past month likely to close the gap before month-end. Market sentiment treats the current hierarchy as stable absent unexpected late-September catalysts.
This market will resolve to the listed company with the third largest private market valuation on September 30, 2026.
NPM Prices are published for trading days only and are updated once daily at 1:00 PM ET on the following calendar day.
If NPM has not published relevant data for all business dates in the specified period by 1:00 PM ET on the calendar date following the specified date, this market may remain open until 11:59 PM ET on the third business day following the specified date. If no further data is released by that time, the market will resolve according to the data available.
If NPM ceases publishing relevant data prior to the specified date, this market will resolve based on the NPM data published prior to the cessation of coverage, as well as applicable public market capitalization data following an IPO or direct listing.
If a company completes an IPO or direct listing before the specified date, this market will resolve based on its final NPM valuation published between market creation and the IPO or direct listing date, as this market is based on private market valuations only.
If a listed company merges with or acquires another entity and remains the parent company, no change to resolution methodology applies.
If a listed company is acquired, merges into another entity and is no longer the surviving parent company, or otherwise ceases to exist as an independent entity prior to the end of the period, only the NPM valuation achieved prior to completion of the transaction will be considered for resolution. No transaction, acquisition, or merger consideration will be considered for resolution.
If two or more companies are tied for the third highest valuation, the markets will resolve in favor of the company that achieved that valuation first. If the valuations were achieved on the same day, the market will resolve in favor of the company whose listed name comes first alphabetically.
Revisions to previously published NPM data made after their initial release will not be considered, unless made to correct clearly erroneous data.
The resolution sources for this market are:
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-c62b8140-fdeb-428d-a9a6-d04eb3b24b49
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-3e197763-4ff8-4d8c-bd1f-cc2792937757
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-f364d2ab-34b7-48c9-a2b7-af62da804953
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-5e0e75a3-96d6-4893-8f23-9d9bac0ec1db
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-53787f17-a704-47a9-895a-cb54833bdb1f
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-782c0a32-4727-4097-a40b-9a2602f243e7
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-30839e0b-2730-4495-839f-1bf638fa9cca
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-802a7f97-3625-4614-a13d-d999cf139330
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-70f3c3d1-565b-491a-83df-54d0c8b08186
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-6edded11-6786-4392-9695-3cce6fda0de0.
NPM Prices are published for trading days only and are updated once daily at 1:00 PM ET on the following calendar day.
If NPM has not published relevant data for all business dates in the specified period by 1:00 PM ET on the calendar date following the specified date, this market may remain open until 11:59 PM ET on the third business day following the specified date. If no further data is released by that time, the market will resolve according to the data available.
If NPM ceases publishing relevant data prior to the specified date, this market will resolve based on the NPM data published prior to the cessation of coverage, as well as applicable public market capitalization data following an IPO or direct listing.
If a company completes an IPO or direct listing before the specified date, this market will resolve based on its final NPM valuation published between market creation and the IPO or direct listing date, as this market is based on private market valuations only.
If a listed company merges with or acquires another entity and remains the parent company, no change to resolution methodology applies.
If a listed company is acquired, merges into another entity and is no longer the surviving parent company, or otherwise ceases to exist as an independent entity prior to the end of the period, only the NPM valuation achieved prior to completion of the transaction will be considered for resolution. No transaction, acquisition, or merger consideration will be considered for resolution.
If two or more companies are tied for the third highest valuation, the markets will resolve in favor of the company that achieved that valuation first. If the valuations were achieved on the same day, the market will resolve in favor of the company whose listed name comes first alphabetically.
Revisions to previously published NPM data made after their initial release will not be considered, unless made to correct clearly erroneous data.
The resolution sources for this market are:
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-c62b8140-fdeb-428d-a9a6-d04eb3b24b49
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-3e197763-4ff8-4d8c-bd1f-cc2792937757
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-f364d2ab-34b7-48c9-a2b7-af62da804953
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-5e0e75a3-96d6-4893-8f23-9d9bac0ec1db
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-53787f17-a704-47a9-895a-cb54833bdb1f
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-782c0a32-4727-4097-a40b-9a2602f243e7
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-30839e0b-2730-4495-839f-1bf638fa9cca
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-802a7f97-3625-4614-a13d-d999cf139330
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-70f3c3d1-565b-491a-83df-54d0c8b08186
https://fe.secondmarket.com/companies/data?start_date=2025-12-31&view=valuation&companies=company-6edded11-6786-4392-9695-3cce6fda0de0.
Volume
$1,359End Date
Oct 1, 2026Market Opened
Aug 31, 2026, 7:22 PM ETResolver
0x69c47De9D...ByteDance holds an overwhelming 89.5% implied probability of ranking as the third-largest private company by valuation at end-September 2026, reflecting its established scale behind Anthropic and OpenAI. Its position stems from consistent secondary-market pricing in the $330–600 billion range, supported by TikTok/Douyin revenue momentum and a recent $29.6 billion syndicated loan secured in early September to fund AI infrastructure expansion. Traders assign far lower odds to challengers such as Anduril, Databricks, or Revolut because their latest funding marks remain well below ByteDance levels, with no major rounds or regulatory shifts in the past month likely to close the gap before month-end. Market sentiment treats the current hierarchy as stable absent unexpected late-September catalysts.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated
Beware of external links.
Beware of external links.
Frequently Asked Questions