You can close your position anytime – before the event begins or before the contract settles.
How to close
Go to Portfolio
Your open positions will be displayed under Positions > Open
Click the Close button next to the position you wish to close
Review the details and click Confirm when you’re ready
You’ll see a confirmation screen and receive a notification once your order is filled or rejected
If you close early: You’ll lock in a realized P&L – the difference between what you paid to open the position and what you receive when closing it (including fees on both trades).
If you hold until settlement: You’ll receive a fixed payout per contract if your prediction is correct, and nothing if it’s incorrect.
Summary – Contract Size & Payout
Contract size | Payout if correct | Payout if incorrect |
$1 | $1 per contract | $0 |
Note: Contracts for teams eliminated or otherwise ineligible for the event will expire early (e.g., if a team is knocked out of a tournament).
How do I calculate the amount I'll receive when I close a position?
Before you close, the “You’ll receive” tooltip shows a clear breakdown of:
Number of contracts
Estimated closing price (final price may vary slightly depending on order size and liquidity)
Total fees
Estimated amount received = (Quantity × Average Closing Price) – Total Fees
Once the order is filled, the actual amount received (including final price and fees) will appear in Portfolio > History > Orders.
You can also view the realized P&L for the full position in Portfolio > Positions > Settled.
Example 1 – Closing a position
Closing price: $0.50
Your order: 10 contracts ($1 contract size each)
Fee per contract: $0.02 → Total fees: $0.20
Estimated amount received = (10 × $0.50) – $0.20 = $4.80
Once filled:
Actual amount received = (10 × $0.50) – $0.20 = $4.80
If only a partial fill occurs (e.g., 7 contracts): ($0.50 × 7) – ($0.02 × 7) = $3.36 (the remaining 3 contracts stay in your open position and you will need to submit a new trade if you would like to close your position fully)
Example 2 – Contracts settle at expiry
If your prediction is correct
You receive a fixed payout per contract (see table above).
For example
You own 100 Yes contracts ($1 size each) predicting Team A will win
Outcome: Team A wins
Your payout: 100 × $1 = $100 (minus fees)
Settlement Fees
No settlement fee
If your prediction is incorrect
You receive $0 and will never lose more than you paid. Your maximum loss is always limited to the total amount spent to open the position (including fees).
For example
You own 100 Yes contracts ($1 size each) predicting Team B will win
Outcome: Team A wins
Your payout: $0.00
No further settlement fees are charged