Claim resolved outcome(s)
Once a market resolves and finalises the winner(s), holders of the winning Outcome Token can claim their payout:
Only outcome tokens that have won will be claimable. For outcome tokens that were held to resolution and lost will be found in History .
How is the value of the winning token calculated?
When a market is resolved, winning Outcome Tokens are redeemable for a pro‑rata share of the total collateral across all outcomes in that market.
In other words: Each winning token represents an equal slice of the total collateral pool. The value of 1 winning token is:
Value per winning token = Total collateral in the market ÷ Total number of winning tokens
Example
Total collateral at resolution: $10,000
Market outcomes: A, B, C
Outcome A is the winner
There are 100 Outcome A tokens in total
So, the value of 1 Outcome A token is:
$10,000 ÷ 100 = $100 per token
If you hold 5 Outcome A tokens, your claim amount is:
5 × $100 = $500
Which factors affect the value of a winning token?
The value of each winning token at resolution is driven by what happens to the market as a whole, not just your position. Broadly, there are two forces that can reduce the value per winning token:
Outcome dilution (more people buying the same outcome) As more participants buy the same outcome after you, the total number of that outcome’s tokens increases. Even if the total collateral pool grows, it is now split across more winning tokens, so the value per token at resolution can go down. In other words, you’re sharing the same pot with more people, which can dilute your eventual payout per token.
Shrinking collateral pool (participants exiting before resolution) Some traders may redeem or exit their positions before the market resolves. When they do, collateral leaves the pool, which reduces the total collateral backing the market. With less collateral spread across the set of winning tokens, the value per winning token at resolution decreases.
Can I still lose money even if my outcome wins?
Yes. Even if the outcome you backed is the winning one, your position can still end up at a loss when you compare your final payout to your total cost basis. This happens because what you get at resolution depends on the value per winning token at the end, not just on whether you were right.
Your PnL depends on what you paid to get your position versus the final value per winning token at resolution, which is shaped by everyone’s actions over time — not just by whether your outcome wins.
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