# Freeport Markets

> Freeport provides web and mobile access to Anthropic and OpenAI pre-IPO perpetuals deployed by Entropy on Hyperliquid. These are cash-settled derivatives, not company shares. Eligibility and venue restrictions apply.

## Existing guides
- [Anthropic exposure](https://www.freeportmarkets.com/research-anthropic.html): ownership distinctions, funding, liquidation, lifecycle, and sources.
- [OpenAI exposure](https://www.freeportmarkets.com/research-openai.html): ownership distinctions, funding, liquidation, lifecycle, and sources.

## Contract documentation
- [Anthropic io:ANTH](https://www.freeportmarkets.com/docs/anthropic-perpetual.md): pricing units, contract terms, source links, and review date.
- [OpenAI io:OAI](https://www.freeportmarkets.com/docs/openai-perpetual.md): pricing units, contract terms, source links, and review date.
- [Full plain-text reference](https://www.freeportmarkets.com/llms-full.txt): both contracts and the data dictionary in one file.

## Machine-readable data
- [Contract specifications](https://www.freeportmarkets.com/data/pre-ipo-specs.json): one reviewed source of truth; unresolved values are explicitly null.
- [Specification schema](https://www.freeportmarkets.com/data/pre-ipo-specs.schema.json): JSON Schema.
- [Current quotes](https://www.freeportmarkets.com/api/pre-ipo-markets): exchange data with retrieval and expiry timestamps; errors never silently become saved quotes.
- [Quote schema](https://www.freeportmarkets.com/data/pre-ipo-quotes.schema.json): JSON Schema.
- [Data dictionary](https://www.freeportmarkets.com/docs/market-data.md): units, calculations, CSV downloads, history, freshness, and error behavior.
- [Saved snapshot](https://www.freeportmarkets.com/data/pre-ipo-snapshot.json): dated historical observation, NOT a current quote.

## Eligibility
- [Freeport terms](https://www.freeportmarkets.com/terms-conditions.html)
- [Entropy restrictions](https://docs.entropy.io/legal-and-disclaimers/restricted-jurisdictions)

Contract documentation reviewed 2026-09-10. Use each quote's retrieval time separately from this review date. This index does not imply endorsement by an AI provider.