Monitoring by the Seer Channel shows that data from the Polymarket website indicates the probability of the event "Kraken will conduct an IPO in 2026" has fallen to 29%, with a 24-hour drop of 51% and trading volume nearing $350,000.
Kraken disclosed that it has suspended its IPO listing plan due to challenging market conditions. Previously, Kraken's parent company submitted a draft S-1 registration statement to the U.S. Securities and Exchange Commission in November last year regarding the initial public offering of its common stock, with a reported valuation of $20 billion.
The Seer Channel continues to monitor prediction markets, seeing changes before they are priced in.