How markets settle

Polymarket decides the result. Backd reads it, pays nothing itself, and updates your record within 15 minutes.

When

Markets settle on the official result as Polymarket resolves it, through UMA's optimistic oracle for most markets. Backd checks every 15 minutes, so your record updates soon after a result is in. Long-dated markets (“by the end of 2027”) settle when they resolve, which can be months away.

What counts as a result

The outcome Polymarket resolves as the winner. Its shares are worth $1. A market resolved 50/50, or cancelled, is void on Backd and shares are redeemed at Polymarket's refund value. Anything still open waits. Disputed resolutions can take a few days longer.

Getting paid

Once a market resolves, the Wallet page lists the position under Positions with a Claim button. One signature from your own wallet, no network fee, and the $1 a share lands in your balance. Once one-tap orders are on, Backd claims for you within about 15 minutes of resolution. You can also claim on polymarket.com with the same wallet at any time. Your record updates when the market resolves, whether or not you've claimed.

Combos and challenges

A combo settles once every pick's market has resolved, and pays only if every pick landed. Challenges settle with their market. Ones never answered expire after seven days and the sender's position stands as an ordinary call.