Redeem
Exchange winning Shares for trading currency once a market settles.
What Is Redeem?
Once a market reaches the REDEEMABLE state, users holding winning-side Shares can exchange them for trading currency.
Winning side
$1.000 × Shares
Full payout
Losing side
$0.000 × Shares
No payout
Redeem Procedure
Open the Portfolio page
Locate your winning Shares from a settled market
Click the Redeem button
Approve the wallet signature
Trading currency is credited to your balance and reflected in PnL
Redeem Rules
Fee
None (Redeem is fee-exempt)
Buying
Not available (Buy button is disabled for closed markets)
Partial Redeem
Not available (full Redeem only)
Market Cancellation (CANCELLED)
When a market is cancelled, your share cost (price × shares, excluding fees) is refunded instead of a Redeem.
Note: Previously paid Taker fees are not refunded. Because Maker Rebate is paid immediately upon fill, fee recovery is not possible.
Redeem Example
250 Yes Shares of "Film A" in the "2026 Oscar Best Picture?" market, purchased at $0.400 as a Maker (0% fee).
If Film A wins → Redeem 250 × $1.000 = $250 (cost $100, profit +$150).
If Film A loses → Shares settle at $0. -$100 loss.
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