SimpleFunctions
Winner-take-all · 14 outcomes14 contractsPolymarketrefreshed 6 min agoCloses Dec 31, 2026 · 236d

Which companies announce bankruptcy before 2027

Leader sits at 55% across 14 bound outcomes, runner-up at 52%. This is a winner-take-all market — the headline is the leader’s price, not an arithmetic mean.

Leader probability

55%

Beyond Meat

runner-up 52¢leader 55¢

Outcomes

14

winner-take-all

Runner-up

52¢

Workhorse

Spread

3pp

contested

24h volume

$38

thin orderbook

Closes

Dec 31, 2026

236 days

Venue

Polymarket

14 bound

30-day trend

0%50%100%-30d-3w-2w-1wtodayBeyond Meat: 65% (27 days, 23 points)Beyond Meat: 65% on 2026-05-08Workhorse: 51% (27 days, 26 points)Workhorse: 51% on 2026-05-08Rivian: 49% (27 days, 17 points)Rivian: 49% on 2026-05-08
Beyond Meat65¢Workhorse51¢Rivian49¢
Top 3 candidates by current price · 27d

Bracket family

How the bracket ladder is priced.

Each row is one outcome on the venue. Sorted by 24h volume — the heaviest book is at the top.

Analysis

This probability reflects market expectations that at least one major company will file for bankruptcy before the end of 2026. The leading contracts instead track acquisition activity, suggesting traders may be pricing in M&A consolidation as a potential outcome for distressed or underperforming firms. The current 54% level indicates meaningful but not overwhelming concern about corporate insolvencies in the near term. Key factors driving this assessment include macroeconomic conditions, interest rate environment, and sector-specific pressures. The probability would shift upward if major earnings disappointments emerge or credit conditions tighten; it would decline if economic growth remains stable and refinancing costs remain manageable. Resolution will depend on actual bankruptcy filings through December 2026, with no single catalyst but rather cumulative corporate performance data throughout the remainder of the year.

  • Current macroeconomic conditions and Federal Reserve policy on interest rates affect refinancing costs for leveraged companies
  • Sector-specific stress indicators: energy (BP contract at 23¢ suggests acquisition risk), software (Zoom, GitLab, Snapchat), and cloud infrastructure (Nebius) face distinct pressures
  • Liquidity conditions and credit spreads for investment-grade and high-yield debt; widening spreads historically correlate with bankruptcy risk
  • Trading volume concentration: top contract (23¢ for BP) has $2,325 24h volume versus thin volume on smaller positions, indicating low conviction in specific names
  • Timeline constraint: only 7 months remain until end-2026; bankruptcy requires either immediate distress or rapid deterioration rather than gradual decline

What moved the line

  • May 6C3.ai26pp4822¢ · Polymarket
  • May 6Beyond Meat10pp5363¢ · Polymarket
  • May 6Lovable10pp188¢ · Polymarket
  • May 2Perplexity AI9pp4637¢ · Polymarket
  • May 6Perplexity AI7pp3340¢ · Polymarket

Recently closed in general

These markets stopped trading. Last odds and any captured outcome are shown above — full settlement detail lives at the venue.

More like this

Adjacent prediction questions.

How we compute these odds

SimpleFunctions aggregates live prediction-market contracts from Kalshi and Polymarket. Each slug groups contracts that resolve on the same underlying event, identified by venue event_id.

For binary slugs, the headline probability is the liquidity-weighted mid-price across all bound contracts. For multi-outcome slugs (e.g. elections with 3+ candidates), the headline is the leader’s price; we never arithmetically average disjoint outcomes — that would produce a number with no real-world meaning.

Snapshots refresh every 5 minutes during market hours; daily aggregates are computed at 04:00 UTC. The 30-day sparkline is drawn from per-ticker daily means stored in market_indicator_daily; 24h delta and movement events are derived from the same source.

Last updated on this page: 6 min ago.