What Happens to a Contract If an Event Doesn't Resolve as Planned?

An Event Contract's value is based on the occurrence, non-occurrence or extent of the occurrence of a specific event at or before a specified time, typically as reported by a third-party source, so when a game hits an edge case, your first stop is that individual Contract's terms and the Risk Disclosures.

Start With the Contract's Terms

Every market lists its market-specific details in its Market Overview section. If you hold a Position on a college football Contract and something unexpected happens to the game, review that Contract's terms, the Risk Disclosures, and any settlement source it lists. The Predicts FAQ explains what the Market Overview covers.

Know Who Settles It

Contracts on FanDuel Predicts are listed by CME Group derivatives exchanges and regulated by the CFTC, and your account is carried by FanDuel Prediction Markets LLC, a registered futures commission merchant and NFA member. Settlement depends on the Contract's stated event, its timeframe, any listed reporting source, and the exchange rules that apply.

Kickoff Already Happened? Check the Trading Hours

Whether you can still place an Order after kickoff depends on that market's trading window. Trading hours vary by market and are listed in the Market Overview.

• If the window has closed, you can't open a new Position on that Contract.
• If you already hold a Position, you can sell it early, but only on select markets that allow cash out.

If the Game Is Postponed

Each Contract spells out its event and its timeframe up front: a specific event at or before a specified time. When a college football game moves to a new date, the question is whether the Contract's event can still occur within that stated timeframe, and the Contract's own terms answer it. Open that market's Market Overview and read the timeframe before you decide what to do with your Position.

If the Event Is Canceled or the Outcome Is Disputed

Outcomes are typically reported by a third-party source, and the Risk Disclosures name inaccurate or unavailable reporting as a risk to weigh. How a canceled or disputed event resolves comes down to that Contract's terms and the applicable exchange rules. Some markets also settle early when the real-world outcome is already known before the scheduled end.

Know the Risk Before You Trade

If your prediction is correct, you collect the payout at settlement. If the outcome goes against your Position and you haven't liquidated or offset it before expiration, you can lose the entire Premium you paid, though never more than you put in.