Traders Bet on Anthropic IPO via Crypto Contracts Without Underlying Shares

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Traders are placing leveraged wagers on a possible Anthropic IPO using a new crypto-based contract. Trade.xyz launched the ANT contract on Hyperliquid, and it dropped roughly 20% during its first hour of trading. The contract is not backed by any actual Anthropic shares. U.S. traders are barred from participating in it.

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