Crypto Exchange MNX Launches Futures on OpenAI, Anthropic Valuations

Crypto exchange MNX, built by prediction market operator Manifold Markets, launched on October 13 with new futures contracts. These contracts allow traders to speculate on the valuations of private artificial intelligence companies like OpenAI and Anthropic before any potential initial public offering.

The platform operates on MegaETH and raised $6.4 million in funding in June. MNX has stated that it does not serve customers in the United States and offers leverage of up to 3x.

Unlike perpetual contracts offered by exchanges such as OKX and Bitget, MNX's contracts have an expiry date set for the end of 2027. If a company remains private when a contract expires, MNX utilizes publicly available valuations from funding rounds or investment funds. As a last resort, the exchange may set the settlement price itself, subject to a published review process.