Redeem your winnings

When a market resolves, winning positions become redeemable for their proportional value. Redemption is on-chain and settles in USDC.

After a market resolves

1. Someone proposes the winning outcome by posting a bond (which freezes trading), and a protocol administrator declares the final outcome. There is no dispute window and no automatic finalization, so this step has no fixed deadline — see Resolution and disputes.
2. Open the market or your Portfolio. Winning positions show a Redeem action.
3. Confirm the transaction. Your shares of the winning outcome redeem toward $1.00 each, paid in USDC to your wallet.

You can also sell before resolution at the current LMSR price if you would rather exit early — you do not have to wait for the market to resolve.

Losing positions

Shares of a losing outcome resolve to $0 and cannot be redeemed. This is the risk you took on when you opened the position.

Voided markets

If a market is voided because it cannot be resolved unambiguously, a void refunds your net amount spent out of the market's remaining collateral, with no fee deducted. Refunds are paid in the order they are claimed and each one draws that collateral down, so a market that cannot cover every holder pays the earliest claims and leaves the last ones short — a late claim can recover less than you spent, or nothing. Claim promptly once a market is voided. The forecast is cancelled, and a void is not guaranteed to return every participant's full outlay.