Winning

How claims, refunds, and payouts work

When a market resolves in your favor, your winnings become claimable — head to your Portfolio and hit Claim to receive your USDC.

Claiming your winnings

When a market resolves

1. The oracle resolves the market — the winning outcome (or outcomes) is set on-chain
2. Your winning position becomes claimable — you’ll see it flagged in your Portfolio
3. You claim — press Claim on the position, and your winning shares are redeemed for USDC
4. USDC lands in your wallet — redemption executes from your own smart wallet; Kash never holds your winnings

On mainnet, a claim may deduct a small gas amount in USDC from your winnings — you receive the net USDC. There is no Kash fee on redemption.

When a market is cancelled

If a market can’t be resolved (for example, the event was called off), it can be cancelled instead. Your position becomes refundable, and you claim it the same way — press Claim refund in your Portfolio.

• Refund value: each outcome is refunded at its market price snapshotted at the moment of cancellation — not your entry price. If you bought at $0.30 and the price at cancellation was$0.45, you’re refunded at $0.45 per share (and vice versa).
• Trading fees you already paid are not refunded, but no new fees are charged on the refund itself.

Contract-enforced exit: if a market’s oracle ever goes unresponsive, anyone can cancel the market once the resolution deadline plus a grace period has passed. Recovery from a stuck market doesn’t depend on Kash or the oracle — the cancellation path is enforced by the contract itself (subject to normal smart-contract risk).

Understanding payouts

How payouts are calculated

Winning shares don’t pay a fixed amount. Instead, winning shares redeem for a pro-rata share of the market’s reserve — the pool of USDC that traders paid in:

• Your payout = your winning shares’ proportion of all winning shares × the market reserve
• The trade ticket shows an estimated payout if you win at the moment you trade — this is your best guide to what a position is worth
• The estimate can shift as others trade, because the final reserve and share supply are only fixed at resolution
• In markets where multiple outcomes win, all winning outcomes share the reserve

Fees

Fee schedule

• Buys: 1% protocol fee
• Sells: 1% protocol fee + 1% AMM fee
• Redemption: no fee — you claim your full pro-rata payout (minus a small USDC gas deduction on mainnet claims)
• Gas: sponsored by Kash for trading — no ETH needed

When fees are charged

• Fees are charged at the time of the trade — nothing extra is taken from winning payouts
• Holding positions costs nothing
• Kash charges no deposit fee; payment providers charge their own processing fees

Payout example

You spend $100 on Yes when the implied chance is 40%.
The trade ticket shows: "Estimated payout if you win: ~$240"

The market resolves Yes.
Your position becomes claimable in Portfolio.
You claim and receive your pro-rata share of the market
reserve — close to the estimate, adjusted for trading
that happened after your entry.

The “estimated payout” on the ticket is exactly that — an estimate based on the market state when you trade, not a guaranteed fixed amount per share.

Ways a position can end

Market win

Your outcome is among the winners at resolution. Your shares redeem for a pro-rata share of the market reserve — claim from your Portfolio.

Early exit

You sold before resolution. You locked in your profit (or cut your loss) at the market price and received USDC immediately — no claim needed. Sells pay the 1% protocol + 1% AMM fee.

Market loss

Your outcome didn’t win. Losing shares are worth nothing at resolution — this is why position sizing matters.

Market cancelled

The market was cancelled. Claim your refund from Portfolio — each outcome refunds at its cancellation-snapshot price, with no new fees.

Managing positions and risk

Smart position sizing

• Never risk more than you can afford to lose completely
• Spread across markets instead of going all-in on one
• Scale up gradually as your track record grows

Exit timing

• You don’t have to wait for resolution — selling early locks in gains and removes resolution risk
• Cut losses when you’re clearly wrong instead of hoping
• Remember sells carry the extra 1% AMM fee; factor it into exit decisions

Information edge

• Specialize in categories you genuinely understand
• Early positions, before consensus forms, often offer the best prices
• Review both wins and losses — your Portfolio history shows exactly how each position played out

Track your performance

Kash has built-in performance tracking on the webapp:

• Portfolio — open positions, claimable winnings, realized profit and loss, and full history
• Leaderboards — see how you rank against other predictors by profit and volume on the community page
• Achievements — unlock badges for prediction milestones

Winning feels great, but consistent winning comes from discipline, research, and bankroll management. Claim your winnings, review what worked, and find the next opportunity.

Making predictions

Learn how to place predictions

Earn (coming soon)

The Earn vault will let you put idle USDC to work