Resolves YES if either OpenAI or Anthropic files for bankruptcy (Chapter 7 or Chapter 11 in the US, or an equivalent insolvency proceeding elsewhere) before September 30, 2027. Fire sales, acquisitions, restructurings, or down rounds that do not involve a formal insolvency filing resolve NO. The entity means the main company and its principal operating subsidiaries as of September 2026.

Context: a friend claimed on September 13, 2026 that absent regulatory capture, OpenAI or Anthropic will go bankrupt within a year. I don't buy it. Making the market so we can bet on it.

Resolves YES if either company's individual market resolves YES.