MegaETH-powered MNX goes live with pre-IPO futures for OpenAI, Anthropic and DeepSeek
Summary
Manifold Markets’ new exchange, MNX, launched futures tied to the valuations of private AI firms OpenAI, Anthropic, DeepSeek and Moonshot. Built on MegaETH, its contracts expire at the end of 2027 and do not charge recurring funding fees, unlike some existing perpetual products. Traders can use up to three times their funds, magnifying gains and losses. Prices are set by MNX trading; if a company remains private at expiry, settlement relies on available valuation data, with MNX able to decide as a last resort. The resulting price may differ from what buyers would pay in a private share transaction. MNX does not yet serve U.S. customers but plans to seek licenses, and aims to add markets tied to the broader AI economy.
