I. Risk and Funding Rules for the EventX Market (Classic Mode)
1. Minimum open amount
In Leverage mode:
The minimum open amount per order is 1 USDT
Orders below the minimum cannot be submitted.
2. Settlement rules
After the event result is confirmed, settlement is as follows:
| Final outcome | "Yes" settlement price | "No" settlement price |
|---|---|---|
| Event occurs | Settled at 1 | Settled at 0 |
| Event does not occur | Settled at 0 | Settled at 1 |
The final outcome is subject to the result announced by the platform.
3. Event outcome determination
Event outcomes usually follow the rules of the event source platform (Polymarket).
4. Dispute period mechanism
On the event source platform, when an event outcome is disputed:
- The market may enter a dispute period
- The market remains tradable during the dispute period
- The dispute period duration depends on processing by the third-party event platform or external data source. The platform cannot guarantee a specific end time.
The platform will complete settlement after the event outcome is finally confirmed. If the dispute ultimately affects the event's validity, the platform reserves the right to apply special handling to the market.
5. Void mechanism
The following situations may trigger void processing:
- Event canceled
- The event result cannot be confirmed for an extended period
- Abnormal data source
-The result cannot be determined according to the rules
-Market rules become invalid
-Normal settlement cannot be completed due to external events
After an event is voided: users' open positions will be fully refunded according to platform rules.
Refer to the platform announcement for specific handling.
6. Liquidity and price risks
Classic mode prices may be affected by:
-Market sentiment
-External news
-Event developments
-Market liquidity
and other factors.
The market may experience:
-Sharp volatility
-Short-term price jumps
-Insufficient liquidity
Under extreme market conditions:
User orders may not be filled at the expected price. The actual filled price may differ from the expected price.
7. Risk control mechanism
The platform has the right to take risk control measures in the following situations:
Abnormal market volatility, abnormal liquidity, abnormal data sources, abnormal trading behavior, system risks, and compliance requirements
Risk control measures include but are not limited to:
Restrict opening positions, limit certain trading functions, adjust price limit ranges, close the market early, suspend trading, and apply special settlement procedures
Final handling results are subject to the platform announcement and the system's actual execution.
II. EventX Leverage Mode Risks and Funding Rules
1. Leverage Rules
Maximum leverage limit
Different event markets set different maximum leverage limits.
The leverage available to a user may be limited by the following factors:
Event risk level, market liquidity, value of current positions, market volatility
The platform reserves the right to dynamically adjust the maximum leverage limit based on market risk.
Tiered leverage mechanism
Leverage mode uses a tiered leverage mechanism.
Larger positions may be subject to:
Lower maximum leverage and higher margin requirements
Specific tier rules are those shown on the trading page.
2. Minimum open amount
In Leverage mode:
The minimum open amount per order is 1 USDT
Orders below the minimum cannot be submitted.
3. Margin Mode
Leverage mode uses One-way mode.
Under the same event:
Users are only allowed to hold orders/positions in one direction. If you already hold Yes orders/positions, you cannot open No orders/positions. If you already hold No orders/positions, you cannot open Yes orders/positions.
Users must close orders/positions in the current direction before opening orders/positions in the opposite direction.
4. Margin mechanism
Leverage mode uses margin trading.
When opening a position, users must provide margin. The system calculates the available position size based on the selected leverage.
The platform reserves the right to dynamically adjust the following based on:
Market volatility, liquidity conditions, event risk level
Dynamic adjustments to:
Initial margin requirements and maintenance margin requirements
5. Forced liquidation mechanism
The platform sets the maintenance margin rate based on the event's risk.
Maintenance margin rates may differ between events. The platform may dynamically adjust these requirements based on market risk.
The system calculates the risk rate of a position in real time. If a position's margin falls below the maintenance margin requirement, the position may be close to forced liquidation.
During sharp market fluctuations:
The risk rate may change rapidly. A position may approach or trigger forced liquidation in a short time.
When the risk rate reaches or exceeds 100%:
The system will perform a forced liquidation on the position.
The system calculates an estimated liquidation price based on the position's current risk situation. Market price, unrealized PnL, and margin change in real time. The estimated liquidation price therefore changes continuously and is for reference only.
Under extreme market conditions: users may lose all margin.
You need to monitor your position risk and manage leverage and position size appropriately.
6. Funding Fee
Funding fees are charged to maintain market stability and liquidity balance.
Refer to the event page for specific fee structure and rates.
The platform reserves the right to dynamically adjust the following based on:
Relevant rates will be dynamically adjusted based on market volatility, position structure, and liquidity risk.
7. Auto-Close Mechanism
All leverage mode events have an auto-close time.
After the auto-close time is reached:
All open positions will be automatically closed at market price. Positions will not remain open until the event's final real-world outcome.
The platform reserves the right to dynamically adjust the following based on:
The platform may close the market early or adjust the auto-close time based on market conditions, event progress, and risk control requirements.
8. Void Mechanism
Leverage-mode events usually reference third-party events.
If the event source platform does any of the following before the auto-close time:
Closes the market early, confirms the final result early, or completes event settlement early
At this point, the leverage mode rules are no longer met, and the corresponding leveraged market will be voided.
After the market is voided:
The user's open positions will be refunded according to platform rules. Unrealized PnL will not be used for final settlement.
In other scenarios, the following may also trigger void handling:
Event cancellation, long-term inability to confirm the event result, abnormal data sources, inability to determine the outcome per the rules, invalid market rules, or inability to settle normally due to external events
After the market is voided:
User positions will be refunded or funds returned according to platform rules
Final handling results are subject to the platform announcement and the system's actual execution.
9. Liquidity and Price Risks
EventX prices may be affected by:
Market sentiment, external news, liquidity changes, changes in event outcomes, and other factors.
The market may experience:
Rapid price increases, rapid declines, sharp short-term volatility, and price gaps
Under extreme market conditions:
User orders may not execute at the expected price. The liquidation price may deviate. The market may experience short-term liquidity shortages.
10. Handling of Special Circumstances
The platform has the right to take risk control measures in the following situations:
Abnormal market volatility, abnormal liquidity, abnormal data sources, disputes over external events, system risks, and abnormal trading behavior
Risk control measures include but are not limited to:
Adjust leverage limits, adjust margin requirements, restrict opening positions, restrict certain trading features, close the market early, suspend trading, and force liquidation
Final handling results are subject to the platform announcement and the system's actual execution.