DOCUMENTATION / MONEY

Cashing out early

You don't have to wait for the result. Any open position can be cashed out at the current price.

How it works

  1. Open the call, tap Cash out.

    You see the live bid for your shares and what you'd get, less the 1% fee.

  2. Confirm.

    Your wallet signs it, or one tap does once one-tap orders are on. It goes to Polymarket's book, all or nothing at no less than 3% under the price you were shown. If it fills, the money is in your wallet immediately.

You can cash out part of a position. What's left keeps running to settlement.

When it makes sense

To lock in a win. Yes backed at 40% is now at 80%: cash out and take the doubling, or hold for the full $1. To cut a loss. The match turned and 60% is now 15%, so cashing out gets 15¢ a share back instead of risking zero. Or to free up money for a better call.

What it does to your record

A cashed-out call settles on your record at the price you got. A win if that is above your entry, a loss if below, with the real profit or loss. It shows as “cashed out at 80%” on the slip, so anyone reading your record can see you cashed out rather than rode it home.

Backed calls are real positions. Your money sits in a wallet only you control; Backd never holds it.XTelegram
Cashing out early | Docs | Backd