Voided and refunded markets

Sometimes an outcome can't be determined cleanly — a game gets cancelled and not rescheduled, an election is contested, an oracle feed is unreliable. Rather than picking a side arbitrarily, the market voids and refunds.

What "void" means

In a voided market, both YES and NO tokens redeem for the same amount. The on-chain payout is set so every outstanding share, on either side, is worth its fair share of the collateral.

In practice, that usually means each side redeems for about 50 cents per share — roughly recovering what each holder originally paid in.

How a market gets voided

The same proposal-confirm-finalize flow applies, just with the proposed outcome being "void" instead of YES or NO. Two admins must agree, and the 6-hour timelock applies.

We void a market when:

• The event is cancelled with no rescheduled date.
• The official source of truth is unavailable or contested.
• The market specification has an ambiguity we can't resolve fairly.

We don't void on the basis of "we didn't like the outcome". The proposed outcome is always the most accurate reading of what happened, including "void" when that's accurate.

What you do as a holder

Same as winning — open Portfolio, click Claim, sign. Your tokens redeem at the void price. No different flow, no special button.

If you held shares on both sides of the same market (rare but possible), claim from each side; they each redeem at the void price.

Why we don't refund instantly

The on-chain settlement still has to happen. Voided markets follow the same timelocked flow as YES/NO resolutions — that protects you the same way it protects against any other resolution mistake.

If a market is mistakenly voided, the cancellation window applies: any admin can cancel the void proposal during the 6-hour timelock. open a support ticket immediately if you believe a pending void is wrong.