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Overview

Every market on Limitless has a defined resolution condition and deadline. When the deadline passes, the market is resolved based on objective data from the designated oracle source.

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Resolution process

1

Market deadline passes

Each market has a specific deadline (e.g., “Feb 16, 17:00 UTC”). Limitless accepts no new trades after this time.
2

Oracle reports the outcome

The designated oracle source provides the verified result. The majority of markets are now resolved automatically by Pyth Network.
3

Team reviews (if needed)

For manually resolved markets, the Limitless team reviews the outcome against the resolution criteria defined on the market page. Resolution typically occurs within 24–72 hours of the market deadline, depending on event complexity and data availability.
4

Winning shares pay out

Winning shares (“Yes” or “No” depending on outcome) are redeemable for $1.00 each after the payout has been settled on-chain. Losing shares become worthless.

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Claiming vs. selling before resolution

Redeeming winning shares after a market resolves is not the same as selling them on the order book before resolution:
If you sold or accepted “claim now” liquidity on the order book before resolution, the USDC you received is the market price minus the taker sell fee — not the $1.00 redemption value. The sell fee on CLOB markets is dynamic and peaks at 1.50% near $0.50. See the sell fee curve for the full table. Maker (resting limit) sells are fee-free.

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Oracle sources

Market resolution and on-chain redemption readiness are related but not identical. A market can be shown as resolved in the API before the underlying payout is fully settled on-chain, so direct redemption attempts may need to wait until the payout data has been posted.
The exact method of market resolution is normally determined on the market page. Always check the resolution source and criteria on the specific market before trading.
The majority of markets are now resolved by Pyth Network. Other markets may use manual resolution by the Limitless team. For Pyth-resolved markets, both the captured baseline price (metadata.openPrice) and the strike price quoted in the auto-generated market description use the full precision of the underlying Pyth feed. That is typically 8 decimal places for crypto feeds. Chainlink-resolved markets use the 18-decimal padded value matching the on-chain feed. Short-cadence crypto up/down markets are moving to time-weighted average price (TWAP) resolution. Instead of comparing two instantaneous prices, both sides of the comparison come from the same Chainlink TWAP stream — an average over a fixed window (the market’s description names the exact feed and window length):
  • The Price to Beat is the TWAP captured at the market’s open time.
  • At the deadline, the closing TWAP is read from the same stream. The market resolves Up when the closing value is greater than or equal to the Price to Beat, and Down otherwise.
  • Because the value is an average over the window rather than a single tick, a momentary price spike at the boundary does not decide the market on its own.
  • The report at the exact resolution time is used first. If it is unavailable, the first Chainlink observation within the market’s stated tolerance window is used; if no report exists in that window, the market is not resolved automatically and is handled per its description.
Each TWAP market’s description states the exact feed, window, tolerance, and Price to Beat — always the authoritative source for that market’s rule.

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Resolution for different market types

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Standard (CLOB) markets

Binary Yes/No outcome. One side wins, the other loses.

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Negrisk (category) markets

Only one outcome in the group can win. All other outcomes resolve to “No”. See Negrisk markets for details.

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Market-specific resolution rules

The mechanics above describe how a Yes/No outcome pays out once chosen. The resolution criteria on each market page decide which outcome wins. Those criteria can cover event-specific edge cases — for example, a tied match, a cancelled game, or a “None of the above / Other” clause on a bracket-style market.
Always read the market page before you trade. It defines exactly which real-world results resolve Yes, which resolve No, and how ties, cancellations, or unlisted outcomes are handled. If the stated criteria for Yes are not met, the market resolves No. This includes cases where the market page lists a fallback such as “Other” or “None of the above”.
If the published criteria are ambiguous or you cannot apply them to the real-world result, Limitless treats the market as misresolved and refunds users per the Refund Policy. You get back the bet amount, not the $1.00 payout.

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Disputes and misresolutions

In cases of misresolved markets, the bet amount will be refunded. See the Refund Policy for details. If you believe a market was resolved incorrectly, contact the team through the support channel on limitless.exchange (footer), via email at help@limitless.network, or on Discord.