MNX, the decentralized futures exchange created by Manifold Markets founders, launched on October 13, 2026 valuation futures covering OpenAI, Anthropic, DeepSeek, and Moonshot. The contracts, expiring December 31, 2027, allow traders to take positions with up to 3x leverage without owning equity, settling either on post-IPO market cap or the last qualifying private valuation. MNX cofounders Stephen Grugett and Ian Philips raised $6.4 million in pre-seed funding in June 2026 at a $40 million valuation. The platform operates non-custodially on the MegaETH blockchain with 0% maker fees and 0.20% taker fees, and excludes US users at launch.
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