> For the complete documentation index, see [llms.txt](https://docs.pretoke.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.pretoke.xyz/using-the-platform/market-resolution-and-redemption.md).

# When a Market Resolves

## How a market resolves

Every market is tied to a real-world question with a designated **oracle** — the trusted source (which can be the platform itself, or an external data source) responsible for reporting the actual outcome once it's known. When the event concludes, the oracle reports the result on-chain, and the market is marked **resolved**.

Once resolved, a market's shares have a final, fixed value:

* Winning shares (the outcome that actually happened) become worth **1 USDT each**.
* Losing shares become worth **0 USDT**.

You'll see the market's **status** change to `resolved` and its **result** field show which outcome won.

## Getting paid out (redemption)

If you're holding winning shares when a market resolves, you don't automatically receive USDT the instant it resolves — you **redeem** your shares to convert them into USDT credited to your balance. This is normally a single action from the resolved market's page or your positions list ("Redeem" / "Claim"), and it settles on-chain like any other position change.

After redemption:

* Your winning shares are removed from your positions.
* The corresponding USDT amount is added to your available balance.
* You can withdraw it immediately, or use it to trade on other markets.

Losing shares simply expire worthless — there's nothing to redeem for those, and they'll disappear from your active positions once the market resolves.

## What if I sold before resolution?

If you sold out of a position before the market resolved, none of this applies to you — you already realized your profit or loss at the price you sold at. Redemption only matters for shares you're still holding when the market resolves.

For the technical mechanics behind resolution and redemption (how payouts are computed and paid out on-chain), see the [ConditionRegistry](/smart-contracts/condition-registry.md#redeem-logic) contract reference.


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