TOTAL VOLUME:
$114.4b
24H VOL:
$84,940,147
24H TRANSACTIONS:
1,362,287,844
OPEN INTEREST:
$1,163,022,755
334,261
Markets across
33,310
events
MATCHED EVENTS:
4,574
PLATFORM COVERAGE:
5
Polymarket:
42%
VS.
Kalshi:
58%
$100M
- Polymarket
$100M - Polymarket
1W
News
Positive
Negative
Neutral
Hover marker for details
Vol.
·
Resolves Jan 1, 2028
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This event group tracks whether Variational's governance token will achieve specific Fully Diluted Valuation (FDV) thresholds at exactly 4:00 PM ET on the day after its public launch. The group consists of 11 linked binary markets, each asking if the FDV will exceed a different dollar amount ($100M through $5B), with a hard deadline of December 31, 2027 for token launch.
This market will resolve to "Yes" if the Fully Diluted Valuation of Variational's governance token is greater than the value specified in the title 1 day after launch. Otherwise, the market will resolve to "No." The token must be actively, publicly transferable and tradable to be considered a launch. The FDV will be determined using the total token supply multiplied by the token price. "1 day after launch" is defined as 4:00 PM ET on the calendar day following launch. The resolution source for this market is the most liquid price source available. If Variational doesn't launch a token by December 31, 2027, 11:59 PM ET, this market will resolve to "No".
This market will resolve to "Yes" if the Fully Diluted Valuation of Variational's token is greater than the value specified in the title 1 day after launch. Otherwise, the market will resolve to "No." The token must be actively and publicly transferable and tradable. The token must be fungible, meaning all units of the token are identical and interchangeable. Examples of qualifying fungible token standards include: - ERC-20 or compatible/derivative standards on any EVM-compatible chain - SPL / SPL Token-2022 standard on Solana - Native blockchain tokens (e.g., a project's own Layer 1 chain coin) - Equivalent fungible token standards on other blockchains Non-fungible tokens such as ERC-1155 tokens will not qualify for this market. The primary resolution source for this market will be information from Variational, however a consensus of credible reporting will also be used. The FDV will be determined using the total token supply multiplied by the token price. "1 day after launch" is defined as 4:00 PM ET on the calendar day following launch. The resolution source for this market is the most liquid price source available. If Variational doesn't launch a token by December 31, 2027, 11:59 PM ET, this market will resolve to "No".
Prediction market odds on this market reflect trader conviction about post-launch FDV rather than current spot price. Markets price in uncertainty around launch momentum, initial liquidity conditions, and broader crypto sentiment at the time of release. Odds diverge from simple extrapolation because they embed tail risks—regulatory headwinds, exchange delays, or competing launches—that spot markets may underweight. Traders use these odds to hedge or speculate on whether early adoption and hype will sustain valuations above the threshold, making them a forward-looking gauge distinct from pre-launch pricing signals.
Polymarket and Predict serve different trader bases with varying risk appetites and liquidity profiles. Polymarket and Predict can show different implied probabilities for the same outcome because of liquidity, fee structure, participant mix, and how each venue defines the contract. Polymarket typically attracts retail and sophisticated traders with lower barriers to entry, while Predict draws institutional and high-conviction participants. Differences in fee structures, UI design, and promotional activity also influence order flow. Additionally, each platform may host slightly different outcome thresholds or settlement interpretations, creating natural price discovery gaps. These spreads often narrow as resolution approaches, but they persist because arbitrage costs and platform-specific friction prevent perfect convergence.
This market resolves around Jan 1, 2028, with the outcome confirmed once the event is verifiable from credible public reporting. The resolution hinges on whether Variational's fully diluted valuation reaches the specified level exactly one day after its official launch. Traders should monitor official announcements and major market data providers to track the FDV figure as it emerges post-launch. Any ambiguity in launch timing or valuation methodology will be clarified by the platform's resolution team before final settlement.
Major catalysts include official launch date confirmation, pre-launch hype cycles, and broader crypto market sentiment shifts. Regulatory news affecting token launches or exchange listings could suppress or boost odds significantly. Competitor token launches or major ecosystem developments may redirect capital flows and reshape expectations around Variational's initial valuation. Insider or community sentiment leaks, partnerships announced pre-launch, and macro crypto volatility all influence trader positioning. As launch approaches, real-time exchange listing announcements and early trading volume will become the dominant price drivers, with final odds reflecting last-minute conviction shifts.