MNX, a crypto-exchange built by prediction market operator Manifold Markets, launched on October 13 with futures linked to private AI companies including OpenAI and Anthropic.

The contracts let traders bet on those companies’ valuations before any initial public offering.

The platform runs on MegaETH and raised US$6.4 million in June. MNX said it does not serve customers in the US and offers leverage of up to 3x.

Unlike the perpetual contracts offered by exchanges such as OKX and Bitget, MNX’s contracts expire at the end of 2027.

If a company remains private when a contract expires, MNX uses publicly available valuations from funding rounds, investment funds, or secondary markets.

As a last resort, the exchange may set the settlement price itself, subject to a published review process.

🔗 Source: CoinDesk