# MNX launches futures contracts on OpenAI, Anthropic, DeepSeek and Moonshot valuations

Digest AI · Business & Funding · published 2026-10-13T10:13:00Z

Canonical: https://digestai.news/story/mnx-launches-futures-contracts-on-openai-anthropic-deepseek-and-moonsh

## Summary

MNX, the decentralized futures exchange built by Manifold Markets co‑founders Stephen Grugett and Ian Philips, opened valuation futures on October 13, 2026. The contracts cover OpenAI, Anthropic, DeepSeek and Moonshot and all expire on December 31, 2027. If a company lists before 2028 the settlement uses its post‑IPO market cap; otherwise the contract falls back to the last qualifying public valuation.

Leverage is tiered up to 3x, requiring an initial margin of 33⅓% of the position’s value. Maker fees are 0% and taker fees are 20 basis points on the notional amount. The platform runs non‑custodially on the MegaETH blockchain and excludes US users at launch. During the September 2026 beta, OpenAI’s futures were initially marked at around $1.64 trillion, roughly 20% below Anthropic’s valuation at the time. MNX raised $6.4 million in a pre‑seed round in June 2026 at a $40 million valuation.

## Key points

- MNX launched AI‑company valuation futures on October 13, 2026 covering four firms and expiring December 31, 2027
- Leverage tops out at 3x with 33⅓% initial margin; maker fees 0% and taker fees 20 basis points
- OpenAI’s beta valuation was around $1.64 trillion, about 20% lower than Anthropic’s at early September 2026

## Why it matters

The product gives investors a way to speculate on private AI company valuations without owning equity, potentially shaping how AI firms are priced before public markets.

## Sources

1. [MNX launches futures contracts on OpenAI and Anthropic valuations](https://cryptobriefing.com/mnx-futures-openai-anthropic-valuations) (cryptobriefing.com, 2026-10-13)

## Cite

Digest AI, "MNX launches futures contracts on OpenAI, Anthropic, DeepSeek and Moonshot valuations", 13 October 2026, https://digestai.news/story/mnx-launches-futures-contracts-on-openai-anthropic-deepseek-and-moonsh

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