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You don’t have to wait for a market to resolve to exit your position. As long as the market is open, you can close at any time by selling your tokens on the order book. Or you can hold to settlement and let the protocol resolve your position automatically.

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Close before settlement

To exit before the market resolves, sell your tokens on the order book. Choose between a market order (sell immediately at the best available price) or a limit order (set the price you want and wait for someone to take it). When the sale fills, the proceeds return to your USDC balance. Whether the close incurs a taker fee or a maker fee depends on which side your order ends up on. See Order types for the maker/taker distinction, and Fees for current rates.

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Closing all positions at once

If you have multiple open positions and want to exit them all at once, the Positions tab has a Close All function. This places market orders to close every open position simultaneously, at the best available price for each.

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Hold to settlement

If you do nothing, your position holds to the market’s resolution time. The protocol settles automatically based on how the market resolves:
  • Tokens for the resolved outcome pay 1 USDC each.
  • Tokens for any other outcome pay 0.
A settlement fee is deducted from the payout. Your USDC balance updates automatically, with no action required from you.

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Which path makes sense

Closing early locks in whatever the current market price gives you, regardless of how the market ultimately resolves. Useful if your view has changed, if you want to free up capital, or if you want to take a gain or limit a loss before resolution. Holding to settlement realizes the full payoff structure: full payout if you held the resolved outcome, zero if not. Useful if your view is unchanged and you’re comfortable with the binary outcome.