Which bank will take Kraken public before 2027?
As of Mon, 02 Nov 2026 00:29:33 UTC, Kalshi traders price Citigroup (6.0%), JPMorgan Chase (5.0%), Bank of America (4.0%). The market has $127K in volume and closes on Fri, 01 Jan 2027.
Updated:
Current odds
| Outcome | Chance | Yes price | No price |
|---|---|---|---|
| Citigroup | 6.0% | 6.0¢ | 94.0¢ |
| JPMorgan Chase | 5.0% | 5.0¢ | 95.0¢ |
| Bank of America | 4.0% | 4.0¢ | 96.0¢ |
| Goldman Sachs | 3.0% | 3.0¢ | 97.0¢ |
| Morgan Stanley | 3.0% | 3.0¢ | 97.0¢ |
Market details
- Venue: Kalshi
- Volume: $127K
- Liquidity: $127K
- Closes:
Resolution rules
Each outcome is a separate contract with its own rules. The rules for Citigroup:
If Citigroup serves as a lead underwriter for Kraken's initial public offering in the United States before Jan 1, 2027, then the market resolves to Yes. The bank must serve as lead underwriter, book-running manager, or global coordinator as documented in SEC filings (Form S-1 or final prospectus) or official announcements. Joint book-running managers qualify. Direct listings, SPAC mergers, secondary offerings, and private placements do not qualify. If the bank merges with another institution, the surviving entity under any name qualifies. For dual listings, only the U.S. portion is considered. Even if the IPO is later shelved, the market resolves Yes based on the announcement of the underwriting relationship.
Sources
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