If OpenAI confirms an IPO before Jul 1, 2026, then the market resolves to Yes. Sources from the New York Times, ABC, Bloomberg, The Wall Street Journal, Financial Times, CNBC, Reuters, and BBC.

An IPO is confirmed if 1) the SEC declares the company's Form S-1 effective OR 2) the IPO is priced OR 3) a securities exchange has assigned a ticker to it. As long as any of those events occur, the market will immediately resolve to Yes, even if the company does not start trading until after Jul 1, 2026.