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Anthropic’s odds of completing an IPO in 2026 have dropped below 60% on Kalshi, down from nearly 90% before the midterms, as a broader technology selloff deepens. Investors are reportedly targeting a $1.5 trillion–$1.6 trillion valuation for the Claude developer, below earlier expectations. The decline matters because it signals growing caution toward large AI listings amid weaker tech sentiment. Traders will watch whether Kalshi odds stabilize and whether Anthropic’s target valuation range narrows further.

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Named in this story

Anthropic, Kalshi, Walter Bloomberg