Resolution Criteria

This market will resolve to "Yes" if Bullish (ticker symbol: BLSH) closes its first trading day on the New York Stock Exchange (NYSE) at a price higher than its opening price. The opening and closing prices will be determined based on official NYSE data available on reputable financial news platforms such as MarketWatch and Yahoo Finance.

Background

Bullish, a cryptocurrency exchange backed by investor Peter Thiel, has filed for an initial public offering (IPO) in the United States. The company plans to offer 20.3 million shares priced between $28 and $31 each, aiming to raise up to $629.3 million. The IPO is expected to take place on August 13, 2025, with the shares trading under the ticker symbol "BLSH" on the NYSE. (defenseworld.net)

Considerations

• Market Sentiment: The performance of BLSH on its first trading day may be influenced by overall market conditions, investor sentiment towards cryptocurrency-related stocks, and the company's financial health.

• Regulatory Environment: Recent regulatory developments, such as the passage of the GENIUS Act, which provides a regulatory framework for stablecoins, may impact investor confidence in cryptocurrency exchanges like Bullish. (reuters.com)

• Competitive Landscape: Bullish operates in a competitive market with established players like Coinbase and Binance. Its ability to differentiate itself and attract institutional investors could affect its stock performance.