{
  "_notice": {
    "type": "free_key_offer",
    "message": "Free and anonymous access is staying. If this endpoint is in your pipeline, a free key adds advance notice before any schema change or deprecation. POST /v1/keys {\"email\": \"you@firm.com\"} — nothing else required. Something broken or missing? hello@clearmarket.fyi reaches a human.",
    "docs": "https://clearmarket.fyi/for-data/",
    "policy": "This field is additive and its shape will not change."
  },
  "event_id": "CM-EVT-WF61RSVLN8",
  "slug": "perplexity-ipo-closing-market-cap",
  "question": "Will Perplexity's IPO closing market cap exceed $X by 2027?",
  "category": "technology",
  "event_type": "BINARY",
  "ladder_distribution": null,
  "tags": [
    "technology",
    "ai",
    "business",
    "ipo-valuation",
    "perplexity",
    "2027"
  ],
  "catalyst_types": [],
  "catalyst_dates": [],
  "editorial_notes": "These markets track Perplexity AI's closing market cap on its IPO day, with a no-IPO outcome covering the event through December 31, 2027. All eight markets are structured as mutually exclusive valuation tiers, spanning sub-$20B to above $100B. This is a single-platform event; Polymarket prices discrete capitalization bands rather than a binary directional outcome. Resolution across all tiers relies on Polymarket's UMA Optimistic Oracle against publicly reported closing market cap data.",
  "venues_covered": [
    "polymarket"
  ],
  "primary_market_id": "CM-MKT-CZFJ4S6NB4",
  "current_primary_mark": {
    "last_price": 0.54,
    "implied_probability": 0.54
  },
  "created_at": "2026-08-04T20:03:51.865287+00:00",
  "updated_at": "2026-08-04T20:03:51.865287+00:00",
  "markets": [
    {
      "market_id": "CM-MKT-BQW85Y2QH0",
      "event_id": "CM-EVT-WF61RSVLN8",
      "platform": "polymarket",
      "platform_market_id": "0xe4c7b1f2d322f80a927b54026adf5df8a7303eb90615d9cec018cc0e2f1159bf",
      "question": "Will Perplexity’s market cap be less than $20B at market close on IPO day?",
      "description": "This market will resolve based on Perplexity's market capitalization at the closing price on its first day of trading.\n\nIf no Perplexity IPO occurs by December 31, 2027, 11:59 PM ET, the market will resolve to \"No IPO before 2028\".\n\nMarket capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency. It is calculated as the number of shares outstanding multiplied by the closing share price on the first trading day.\n\nIf the relevant value falls exactly between two brackets, then this market will resolve to the higher range bracket.\n\nResolution wi",
      "contract_type": "binary",
      "settlement_currency": "USDC",
      "underlying_reference": "<20B: Resolution per the event's stated source and mechanism (subject supplied per market).",
      "close_at": "2027-12-31T00:00:00Z",
      "resolve_at": "2027-12-31T00:00:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "This market will resolve based on Perplexity's market capitalization at the closing price on its first day of trading.\n\nIf no Perplexity IPO occurs by December 31, 2027, 11:59 PM ET, the market will resolve to \"No IPO before 2028\".\n\nMarket capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency. It is calculated as the number of shares outstanding multiplied by the closing share price on the first trading day.\n\nIf the relevant value falls exactly between two brackets, then this market will resolve to the higher range bracket.\n\nResolution 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.\n\nIn the event of an interruption in the course of the normal trading session on Perplexity’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 for purposes of this market.",
        "arbitration_model": "uma_oracle",
        "proposer": "managed_whitelist",
        "source": null,
        "source_status": "platform_named",
        "source_citation": null,
        "sources": [
          {
            "name": "another reliable source",
            "url": null,
            "provenance": "clearmarket_editorial"
          }
        ],
        "source_of_record": null,
        "source_mechanism": "precedence",
        "source_type": null,
        "source_quality": null,
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 84,
        "caps": [],
        "applied_factors": 6
      },
      "last_price": 0.055,
      "implied_probability": 0.055,
      "volume_24h_usd": 0,
      "volume_total_usd": 4729.052024000001,
      "settlement_style": "terminal",
      "direction": "below",
      "threshold": 20,
      "question_id": "CMX-959D94BA37",
      "also_on": null,
      "tags": [
        "ipo",
        "perplexity",
        "valuation"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-DV6W1Z1QH0",
      "event_id": "CM-EVT-WF61RSVLN8",
      "platform": "polymarket",
      "platform_market_id": "0x14933f8d6071a74b7f0547bdb3bc19eb7080b1064c39bd60f6202be03669c8e0",
      "question": "Will Perplexity’s market cap be between $20B and $30B at market close on IPO day?",
      "description": "This market will resolve based on Perplexity's market capitalization at the closing price on its first day of trading.\n\nIf no Perplexity IPO occurs by December 31, 2027, 11:59 PM ET, the market will resolve to \"No IPO before 2028\".\n\nMarket capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency. It is calculated as the number of shares outstanding multiplied by the closing share price on the first trading day.\n\nIf the relevant value falls exactly between two brackets, then this market will resolve to the higher range bracket.\n\nResolution wi",
      "contract_type": "binary",
      "settlement_currency": "USDC",
      "underlying_reference": "20B–30B: Resolution per the event's stated source and mechanism (subject supplied per market).",
      "close_at": "2027-12-31T00:00:00Z",
      "resolve_at": "2027-12-31T00:00:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "This market will resolve based on Perplexity's market capitalization at the closing price on its first day of trading.\n\nIf no Perplexity IPO occurs by December 31, 2027, 11:59 PM ET, the market will resolve to \"No IPO before 2028\".\n\nMarket capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency. It is calculated as the number of shares outstanding multiplied by the closing share price on the first trading day.\n\nIf the relevant value falls exactly between two brackets, then this market will resolve to the higher range bracket.\n\nResolution 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.\n\nIn the event of an interruption in the course of the normal trading session on Perplexity’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 for purposes of this market.",
        "arbitration_model": "uma_oracle",
        "proposer": "managed_whitelist",
        "source": null,
        "source_status": "platform_named",
        "source_citation": null,
        "sources": [
          {
            "name": "another reliable source",
            "url": null,
            "provenance": "clearmarket_editorial"
          }
        ],
        "source_of_record": null,
        "source_mechanism": "precedence",
        "source_type": null,
        "source_quality": null,
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 84,
        "caps": [],
        "applied_factors": 6
      },
      "last_price": 0.046,
      "implied_probability": 0.046,
      "volume_24h_usd": 0,
      "volume_total_usd": 7689.904099,
      "settlement_style": "terminal",
      "direction": "between",
      "threshold": null,
      "question_id": "CMX-528D525A71",
      "also_on": null,
      "tags": [
        "ipo",
        "perplexity",
        "valuation"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-0P6VSD7B51",
      "event_id": "CM-EVT-WF61RSVLN8",
      "platform": "polymarket",
      "platform_market_id": "0x6152ba5b635d471cb2f55d255658392c0d8d36b99bef56f8d691252bff08540c",
      "question": "Will Perplexity’s market cap be between $30B and $40B at market close on IPO day?",
      "description": "This market will resolve based on Perplexity's market capitalization at the closing price on its first day of trading.\n\nIf no Perplexity IPO occurs by December 31, 2027, 11:59 PM ET, the market will resolve to \"No IPO before 2028\".\n\nMarket capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency. It is calculated as the number of shares outstanding multiplied by the closing share price on the first trading day.\n\nIf the relevant value falls exactly between two brackets, then this market will resolve to the higher range bracket.\n\nResolution wi",
      "contract_type": "binary",
      "settlement_currency": "USDC",
      "underlying_reference": "30B–40B: Resolution per the event's stated source and mechanism (subject supplied per market).",
      "close_at": "2027-12-31T00:00:00Z",
      "resolve_at": "2027-12-31T00:00:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "This market will resolve based on Perplexity's market capitalization at the closing price on its first day of trading.\n\nIf no Perplexity IPO occurs by December 31, 2027, 11:59 PM ET, the market will resolve to \"No IPO before 2028\".\n\nMarket capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency. It is calculated as the number of shares outstanding multiplied by the closing share price on the first trading day.\n\nIf the relevant value falls exactly between two brackets, then this market will resolve to the higher range bracket.\n\nResolution 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.\n\nIn the event of an interruption in the course of the normal trading session on Perplexity’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 for purposes of this market.",
        "arbitration_model": "uma_oracle",
        "proposer": "managed_whitelist",
        "source": null,
        "source_status": "platform_named",
        "source_citation": null,
        "sources": [
          {
            "name": "another reliable source",
            "url": null,
            "provenance": "clearmarket_editorial"
          }
        ],
        "source_of_record": null,
        "source_mechanism": "precedence",
        "source_type": null,
        "source_quality": null,
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 84,
        "caps": [],
        "applied_factors": 6
      },
      "last_price": 0.047,
      "implied_probability": 0.047,
      "volume_24h_usd": 0,
      "volume_total_usd": 4554.054649,
      "settlement_style": "terminal",
      "direction": "between",
      "threshold": null,
      "question_id": "CMX-6C350973A7",
      "also_on": null,
      "tags": [
        "ipo",
        "perplexity",
        "valuation"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-CFXW9KM026",
      "event_id": "CM-EVT-WF61RSVLN8",
      "platform": "polymarket",
      "platform_market_id": "0x0bf4f152a3fc577a25076856b5187128e448763909c65de29a0f4503caf0d9c9",
      "question": "Will Perplexity’s market cap be between $40B and $50B at market close on IPO day?",
      "description": "This market will resolve based on Perplexity's market capitalization at the closing price on its first day of trading.\n\nIf no Perplexity IPO occurs by December 31, 2027, 11:59 PM ET, the market will resolve to \"No IPO before 2028\".\n\nMarket capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency. It is calculated as the number of shares outstanding multiplied by the closing share price on the first trading day.\n\nIf the relevant value falls exactly between two brackets, then this market will resolve to the higher range bracket.\n\nResolution wi",
      "contract_type": "binary",
      "settlement_currency": "USDC",
      "underlying_reference": "40B–50B: Resolution per the event's stated source and mechanism (subject supplied per market).",
      "close_at": "2027-12-31T00:00:00Z",
      "resolve_at": "2027-12-31T00:00:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "This market will resolve based on Perplexity's market capitalization at the closing price on its first day of trading.\n\nIf no Perplexity IPO occurs by December 31, 2027, 11:59 PM ET, the market will resolve to \"No IPO before 2028\".\n\nMarket capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency. It is calculated as the number of shares outstanding multiplied by the closing share price on the first trading day.\n\nIf the relevant value falls exactly between two brackets, then this market will resolve to the higher range bracket.\n\nResolution 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.\n\nIn the event of an interruption in the course of the normal trading session on Perplexity’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 for purposes of this market.",
        "arbitration_model": "uma_oracle",
        "proposer": "managed_whitelist",
        "source": null,
        "source_status": "platform_named",
        "source_citation": null,
        "sources": [
          {
            "name": "another reliable source",
            "url": null,
            "provenance": "clearmarket_editorial"
          }
        ],
        "source_of_record": null,
        "source_mechanism": "precedence",
        "source_type": null,
        "source_quality": null,
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 84,
        "caps": [],
        "applied_factors": 6
      },
      "last_price": 0.021,
      "implied_probability": 0.021,
      "volume_24h_usd": 0,
      "volume_total_usd": 4428.968644999999,
      "settlement_style": "terminal",
      "direction": "between",
      "threshold": null,
      "question_id": "CMX-6C350973A7",
      "also_on": null,
      "tags": [
        "ipo",
        "perplexity",
        "valuation"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-QS72KDB1G9",
      "event_id": "CM-EVT-WF61RSVLN8",
      "platform": "polymarket",
      "platform_market_id": "0x77227b83f547f6222b4c5db99b37cb88e0dded34d72e9f2024aa25d9fe96dc8f",
      "question": "Will Perplexity’s market cap be between $50B and $75B at market close on IPO day?",
      "description": "This market will resolve based on Perplexity's market capitalization at the closing price on its first day of trading.\n\nIf no Perplexity IPO occurs by December 31, 2027, 11:59 PM ET, the market will resolve to \"No IPO before 2028\".\n\nMarket capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency. It is calculated as the number of shares outstanding multiplied by the closing share price on the first trading day.\n\nIf the relevant value falls exactly between two brackets, then this market will resolve to the higher range bracket.\n\nResolution wi",
      "contract_type": "binary",
      "settlement_currency": "USDC",
      "underlying_reference": "50B–75B: Resolution per the event's stated source and mechanism (subject supplied per market).",
      "close_at": "2027-12-31T00:00:00Z",
      "resolve_at": "2027-12-31T00:00:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "This market will resolve based on Perplexity's market capitalization at the closing price on its first day of trading.\n\nIf no Perplexity IPO occurs by December 31, 2027, 11:59 PM ET, the market will resolve to \"No IPO before 2028\".\n\nMarket capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency. It is calculated as the number of shares outstanding multiplied by the closing share price on the first trading day.\n\nIf the relevant value falls exactly between two brackets, then this market will resolve to the higher range bracket.\n\nResolution 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.\n\nIn the event of an interruption in the course of the normal trading session on Perplexity’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 for purposes of this market.",
        "arbitration_model": "uma_oracle",
        "proposer": "managed_whitelist",
        "source": null,
        "source_status": "platform_named",
        "source_citation": null,
        "sources": [
          {
            "name": "another reliable source",
            "url": null,
            "provenance": "clearmarket_editorial"
          }
        ],
        "source_of_record": null,
        "source_mechanism": "precedence",
        "source_type": null,
        "source_quality": null,
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 84,
        "caps": [],
        "applied_factors": 6
      },
      "last_price": 0.063,
      "implied_probability": 0.063,
      "volume_24h_usd": 0,
      "volume_total_usd": 6737.404279,
      "settlement_style": "terminal",
      "direction": "between",
      "threshold": null,
      "question_id": "CMX-6C350973A7",
      "also_on": null,
      "tags": [
        "ipo",
        "perplexity",
        "valuation"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-9LHYDDC5D3",
      "event_id": "CM-EVT-WF61RSVLN8",
      "platform": "polymarket",
      "platform_market_id": "0xb445cc7d04c6ab1199a46b54cee676731c35bc20a436f5cf3b75f0b364f5c47b",
      "question": "Will Perplexity’s market cap be between $75B and $100B at market close on IPO day?",
      "description": "This market will resolve based on Perplexity's market capitalization at the closing price on its first day of trading.\n\nIf no Perplexity IPO occurs by December 31, 2027, 11:59 PM ET, the market will resolve to \"No IPO before 2028\".\n\nMarket capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency. It is calculated as the number of shares outstanding multiplied by the closing share price on the first trading day.\n\nIf the relevant value falls exactly between two brackets, then this market will resolve to the higher range bracket.\n\nResolution wi",
      "contract_type": "binary",
      "settlement_currency": "USDC",
      "underlying_reference": "75B–100B: Resolution per the event's stated source and mechanism (subject supplied per market).",
      "close_at": "2027-12-31T00:00:00Z",
      "resolve_at": "2027-12-31T00:00:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "This market will resolve based on Perplexity's market capitalization at the closing price on its first day of trading.\n\nIf no Perplexity IPO occurs by December 31, 2027, 11:59 PM ET, the market will resolve to \"No IPO before 2028\".\n\nMarket capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency. It is calculated as the number of shares outstanding multiplied by the closing share price on the first trading day.\n\nIf the relevant value falls exactly between two brackets, then this market will resolve to the higher range bracket.\n\nResolution 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.\n\nIn the event of an interruption in the course of the normal trading session on Perplexity’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 for purposes of this market.",
        "arbitration_model": "uma_oracle",
        "proposer": "managed_whitelist",
        "source": null,
        "source_status": "platform_named",
        "source_citation": null,
        "sources": [
          {
            "name": "another reliable source",
            "url": null,
            "provenance": "clearmarket_editorial"
          }
        ],
        "source_of_record": null,
        "source_mechanism": "precedence",
        "source_type": null,
        "source_quality": null,
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 84,
        "caps": [],
        "applied_factors": 6
      },
      "last_price": 0.079,
      "implied_probability": 0.079,
      "volume_24h_usd": 0,
      "volume_total_usd": 3673.4040290000003,
      "settlement_style": "terminal",
      "direction": "between",
      "threshold": null,
      "question_id": "CMX-6C350973A7",
      "also_on": null,
      "tags": [
        "ipo",
        "perplexity",
        "valuation"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-BVV0KB1RL1",
      "event_id": "CM-EVT-WF61RSVLN8",
      "platform": "polymarket",
      "platform_market_id": "0x0b6efac5aa9e138189ecca3800048b9fd917a59eee8aecc9a059ec8d62a730fc",
      "question": "Will Perplexity’s market cap be greater than $100B at market close on IPO day?",
      "description": "This market will resolve based on Perplexity's market capitalization at the closing price on its first day of trading.\n\nIf no Perplexity IPO occurs by December 31, 2027, 11:59 PM ET, the market will resolve to \"No IPO before 2028\".\n\nMarket capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency. It is calculated as the number of shares outstanding multiplied by the closing share price on the first trading day.\n\nIf the relevant value falls exactly between two brackets, then this market will resolve to the higher range bracket.\n\nResolution wi",
      "contract_type": "binary",
      "settlement_currency": "USDC",
      "underlying_reference": "100B+: Resolution per the event's stated source and mechanism (subject supplied per market).",
      "close_at": "2027-12-31T00:00:00Z",
      "resolve_at": "2027-12-31T00:00:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "This market will resolve based on Perplexity's market capitalization at the closing price on its first day of trading.\n\nIf no Perplexity IPO occurs by December 31, 2027, 11:59 PM ET, the market will resolve to \"No IPO before 2028\".\n\nMarket capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency. It is calculated as the number of shares outstanding multiplied by the closing share price on the first trading day.\n\nIf the relevant value falls exactly between two brackets, then this market will resolve to the higher range bracket.\n\nResolution 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.\n\nIn the event of an interruption in the course of the normal trading session on Perplexity’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 for purposes of this market.",
        "arbitration_model": "uma_oracle",
        "proposer": "managed_whitelist",
        "source": null,
        "source_status": "platform_named",
        "source_citation": null,
        "sources": [
          {
            "name": "another reliable source",
            "url": null,
            "provenance": "clearmarket_editorial"
          }
        ],
        "source_of_record": null,
        "source_mechanism": "precedence",
        "source_type": null,
        "source_quality": null,
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 84,
        "caps": [],
        "applied_factors": 6
      },
      "last_price": 0.047,
      "implied_probability": 0.047,
      "volume_24h_usd": 0,
      "volume_total_usd": 5119.750398,
      "settlement_style": "terminal",
      "direction": "above",
      "threshold": 100,
      "question_id": "CMX-75F446903D",
      "also_on": null,
      "tags": [
        "ipo",
        "perplexity",
        "valuation"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-CZFJ4S6NB4",
      "event_id": "CM-EVT-WF61RSVLN8",
      "platform": "polymarket",
      "platform_market_id": "0x1f3741c4dcdf0e0fe8dcd2a690e87f163914ab9f34692e3df133fc2992549aa6",
      "question": "Will Perplexity not IPO by December 31, 2027?",
      "description": "This market will resolve based on Perplexity's market capitalization at the closing price on its first day of trading.\n\nIf no Perplexity IPO occurs by December 31, 2027, 11:59 PM ET, the market will resolve to \"No IPO before 2028\".\n\nMarket capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency. It is calculated as the number of shares outstanding multiplied by the closing share price on the first trading day.\n\nIf the relevant value falls exactly between two brackets, then this market will resolve to the higher range bracket.\n\nResolution wi",
      "contract_type": "binary",
      "settlement_currency": "USDC",
      "underlying_reference": "No IPO before 2028: Resolution per the event's stated source and mechanism (subject supplied per market).",
      "close_at": "2027-12-31T00:00:00Z",
      "resolve_at": "2027-12-31T00:00:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "This market will resolve based on Perplexity's market capitalization at the closing price on its first day of trading.\n\nIf no Perplexity IPO occurs by December 31, 2027, 11:59 PM ET, the market will resolve to \"No IPO before 2028\".\n\nMarket capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency. It is calculated as the number of shares outstanding multiplied by the closing share price on the first trading day.\n\nIf the relevant value falls exactly between two brackets, then this market will resolve to the higher range bracket.\n\nResolution 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.\n\nIn the event of an interruption in the course of the normal trading session on Perplexity’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 for purposes of this market.",
        "arbitration_model": "uma_oracle",
        "proposer": "managed_whitelist",
        "source": null,
        "source_status": "platform_named",
        "source_citation": null,
        "sources": [
          {
            "name": "another reliable source",
            "url": null,
            "provenance": "clearmarket_editorial"
          }
        ],
        "source_of_record": null,
        "source_mechanism": "precedence",
        "source_type": null,
        "source_quality": null,
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 84,
        "caps": [],
        "applied_factors": 6
      },
      "last_price": 0.54,
      "implied_probability": 0.54,
      "volume_24h_usd": 30.5,
      "volume_total_usd": 108131.60294599998,
      "settlement_style": "occurrence",
      "direction": "occurrence",
      "threshold": null,
      "question_id": "CMX-387888F5D2",
      "also_on": null,
      "tags": [
        "ipo",
        "perplexity"
      ],
      "eligibility_screens": null
    }
  ],
  "resolution_log": [],
  "_provenance": {
    "source": "clearmarket.fyi",
    "ref": "CM-EVT-WF61RSVLN8",
    "terms": "Attribution required. clearmarket.fyi"
  }
}