Who will close Warner Bros. acquisition?

Current odds

• Paramount — 75.0%
• None by June 30, 2027 — 13.0%
• Netflix — 0.5%
• Comcast — 0.1%

Prices are live implied probabilities from the order book and update continuously.

Resolution criteria

This market will resolve according to the first entity that acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET. Transactions that involve only Warner Bros. Discovery's linear television networks, news channels, or other non-studio, non-streaming assets, without also transferring control of its studios and streaming businesses, will not qualify. Announcements of non-finalized arrangements — including, the currently announced Netflix agreement to acquire Warner Bros. Discovery’s studios and streaming businesses — will not qualify. If no entity acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET, this market will resolve to "None by June 30 2027". Resolution will be based on by a consensus of reporting.

About this market: Paramount leads the "Who will close Warner Bros. acquisition?" market, ahead of None by June 30, 2027 and Netflix. Trade any outcome with leverage up to 5x.