News & Updates
The latest news and updates from companies in the WLTH portfolio.
Anthropic targets November IPO as Polymarket traders bet on $ANT ticker
The Claude maker is reportedly aiming to list before Thanksgiving, and prediction market traders are already arguing over its three-letter name Anthropic is reportedly lining up a public debut for mid-November 2026, with a goal of trading before the US Thanksgiving holiday on November 26. The company has not announced a ticker symbol yet. Prediction market traders have settled on a favorite anyway. Polymarket traders give Anthropic a 65% chance of trading under $ANT, putting a number on a guessing game that Wall Street usually plays over drinks. What Anthropic is reportedly planning Anthropic PBC, the AI company started by former OpenAI executives, reportedly filed a draft S-1 registration with the SEC on June 1, 2026. An S-1 is the disclosure document a company files before selling shares to the public. A draft filing does not lock in a date. The current November window replaces an earlier September target that slipped. The valuation talk is where things get dizzying. Market expectations put a possible valuation somewhere between $1.5 and $2 trillion. At the top end, that could put Anthropic in the same league as SpaceX's market cap. The size of the raise is just as ambitious. The company's fundraising could reportedly land between $75 and $100 billion. The numbers behind the pitch Anthropic's 2025 revenue is estimated at approximately $4.6 billion, up from $386 million in 2024. The other side of the ledger is less flattering. Anthropic has reportedly booked significant net losses, including a $42 billion figure attributed to accounting adjustments. Accounting adjustments can swing reported losses without reflecting cash leaving the building. Still, a loss that size will be one of the first things prospective shareholders scrutinize once a full prospectus is public. The ticker trade on Polymarket Polymarket lets traders put money on the outcome of real-world events, from elections to which three letters an AI lab picks for its stock. Sentiment on $ANT has moved around. As of October 24, 2026, Polymarket showed $ANT as the leading option with roughly 44% probability. The latest read cited by traders puts it at 65%. The company has not confirmed any symbol. Why the timing is tricky The calendar is doing Anthropic no favors. Filing adjustments may hinge on market conditions and political timing around the US midterm elections. Thanksgiving creates its own deadline. Trading volume tends to thin out around holidays, so a listing pushed past late November could easily drift into the next year. The company has already moved the date once. Background: how Anthropic got here Anthropic was founded by people who left OpenAI, and it operates as a public benefit corporation, which is what the PBC in its legal name refers to. Its revenue curve, from $386 million in 2024 to approximately $4.6 billion in 2025, tracks the broader rush of corporate spending on AI tools. What this means for investors and the AI trade For public market investors, the main event is access. Pure-play AI model developers have largely been off-limits to anyone outside venture rounds and private deals. A listing of this size would change that, and the raise of $75 to $100 billion indicates how much capital Anthropic expects to absorb. The valuation is the central risk. A $1.5 to $2 trillion price tag on a company with approximately $4.6 billion in estimated revenue implies investors are paying for growth that has not happened yet. Once the full S-1 becomes public, investors will be able to separate the accounting-driven portion of the $42 billion figure from the cash the business actually burns. For prediction market traders, the ticker bet resolves the moment Anthropic names its symbol. The gap between 44% in late October and 65% now reflects how quickly sentiment can move when a big listing gets close. The things to watch are straightforward: a public S-1, a confirmed exchange and ticker, a final price range, and whether the November target survives the midterms.
Polymarket fires chief marketing officer after internal investigation
Matthew Modabber is out after a probe into marketing practices that worried investors, as the prediction market prepares for a more buttoned-up era Polymarket has fired its chief marketing officer, Matthew Modabber, following an internal investigation into incidents that raised concerns among the company's investors. The company is reportedly working toward a more professional corporate image as it weighs a potential initial public offering. What the investigation found The internal review began earlier in 2026. It centered on marketing practices that set off alarms among investors. Two issues stand out. The first involves a fake webpage that promoted staged videos showing traders making profits. The second concerns money flows. More than $2.5 million was routed through Modabber's personal PayPal account, according to the research. At least $350,000 of that reportedly went to content creators for promotional posts that did not carry the required disclosures. The Wall Street Journal first reported on the practices in June 2026. The fake webpage has been linked to an investigation by the Commodity Futures Trading Commission, which the research describes as ongoing. Polymarket has not faced any formal regulatory finding of wrongdoing. From employee number 11 to the exit Modabber was no peripheral figure. He joined Polymarket in January 2024 as the company's eleventh employee. He was also described as a trusted advisor to CEO Shayne Coplan. That makes his October 2026 dismissal more than a routine personnel change. During his tenure, Modabber oversaw a marketing team of more than 50 people. He has claimed credit for helping push daily trading volume from $300,000 to the mid-nine figures. The board includes Coplan, Nick Tomaino, and Alex Spiro. The decision to part ways was partly shaped by the board's push for a more polished image ahead of a possible IPO. What this means for Polymarket and prediction markets Removing a senior executive tied to questionable practices is a common first step in that cleanup. It shows the board is willing to act, even against an early insider close to the CEO. The CFTC investigation remains a live risk. Staged profit videos cut directly against user trust. They suggest an easier path to winnings than users may actually find. Undisclosed paid promotion raises a parallel concern. Users scrolling social media had no way of knowing which enthusiastic posts were advertisements.
