When is an Industry Event Contract settled?
All Industry Event Contracts are settled by the OG.com Prediction Markets based on the result issued by the relevant news or market data provider once the event concludes. Any disqualifications, revisions, or amendments made by the news or market data provider regarding the result of the Industry Event after the event concludes do not affect settlement.
What happens if an Industry Event is moved earlier?
If an Industry Event is moved earlier than originally scheduled, the market remains open and is settled by OG.com Prediction Markets once the result is issued by the relevant news or market data provider.
What happens if an Industry Event location changes?
If an Industry Event location changes, the market remains open and is settled by the CDNA Exchange once the result is issued by the relevant news or market data provider.
What Happens if an Industry Event Is Postponed, Canceled, or Not Completed?
Cancellation Rule
If an Industry Event is postponed, canceled, or otherwise not completed within 48 hours of its originally scheduled start time, the North American Derivatives Exchange, Inc (NADEX) will treat it as a Canceled Event.
Settlement for Canceled Events
If the Industry Event is a Canceled Event, OG.com Prediction Markets will settle the Industry Event Contracts by crediting the account of the Buyer (the trade that matches the specified outcome) and the Seller (the trade that does not match the specified outcome), as follows:
The markets for eligible Industry Participants will resolve so holders with trades that match the specified outcome receive the Volume-Weighted Average Price (VWAP) last traded price prior to cancellation, calculated over the one-week period immediately preceding the determination that the event is a Canceled Event, and holders with trades that do not match the specified outcome receive $1 minus the Yes payout.
If the VWAP is not available, or OG.com Prediction Markets determines that the VWAP does not represent a fair settlement, OG.com Prediction Markets will use market data, historical trades, and external sources to determine a fair settlement price.
Trade fees paid to open the positions will be refunded to users.
Other Scenarios Treated as Canceled Events
Pursuant to Rule 7.1, OG.com Prediction Markets may also settle a contract as a Cancelled Event if:
A material change occurs to the event format or participant rules after a contract is opened (e.g., reduction in playoff teams).
A defined phase of the event is skipped or not conducted as originally expected.
We aim to keep things fair and transparent – your open positions are always protected under CFTC regulations.
What happens if a draw or tie occurs?
If a draw or tie occurs when no tie outcome is listed for the event, “Yes” holders will receive $0.50 per contract, and “No” holders will receive $0.50 per contract. Trade fees paid to open the positions will not be refunded to users.
Settlement Adjustments
Industry Event Contract markets are normally settled by the CDNA Exchange shortly after the event concludes.
The CDNA Exchange reserves the right to adjust any settlement if it was made in error due to human or technical issues.
When an adjustment is required:
Customer account balances may be increased or decreased to reflect the corrected settlement outcome.
This may involve debiting or crediting funds as needed to align with the accurate result.
If the CDNA Exchange is unable to obtain an official, verifiable outcome or identify a clear error, the contract will be settled at the CDNA Exchange’s reasonable discretion, using the most reliable available data.
This document is a translation of its English version. In case of conflict, the English version shall prevail.