Market Rules

1. Market resolution rules

Every market on Proxema is created around a clearly defined future outcome. Markets resolve when the outcome becomes known according to the resolution criteria described in the market context or description. Resolution is based on reliable, publicly verifiable sources such as official announcements, regulator or government data, reputable news outlets, or primary event organisers.

Once a market is resolved, winning positions are settled automatically and payouts are credited to the winning traders' wallets. If an event becomes invalid, is cancelled, or cannot be verified with sufficient confidence, the market may be adjusted to protect users and keep outcomes fair. In the event of a system malfunction, technical outage, or pricing error, Proxema reserves the right to suspend trading, cancel affected trades, or adjust outcomes where necessary to maintain fair market operation.

2. Trading rules

Traders can buy positions on either side of a market, typically labelled YES and NO. A YES position pays out if the outcome happens; a NO position pays out if the outcome does not happen. The displayed prices represent the market's implied probability that an outcome will occur.

Proxema uses an automated market maker to quote prices and fill trades. When traders buy or sell positions, prices move in response to that activity, so larger trades generally have a bigger impact on the market price. Liquidity and pricing are provided by the automated market maker; you are not matched directly with a single counterparty.

3. Cashout rules

Cash Out allows you to close a position before the market is resolved. When you cash out, Proxema calculates the current market value of your position using the latest prices. You can use cashout to lock in gains or to reduce potential losses.

Cashout values are not guaranteed and may change between viewing a quote and confirming the transaction. Cashout availability may be restricted close to expiry or resolution depending on the duration of the market and risk rules. Cashout fees may apply as described in the fees section below.

4. Fees

Proxema charges transparent fees to keep the platform sustainable. Fees are disclosed before you confirm a trade or withdrawal.

• Trading fee: 1% applied when opening a position.
• Cashout fee: 2% applied when exiting a position early via Cash Out.
• Withdrawal fee: flat ₦100 for withdrawals above ₦5,000.

Fees and limits may be updated over time as the platform evolves. Any changes will apply prospectively and will be reflected in the information shown at the point of trade or withdrawal.

5. Trading limits

To promote safe participation and manage platform risk, Proxema may apply trading and exposure limits to accounts. These limits are designed to reduce the chance of outsized losses and to keep markets orderly.

• Maximum trade per order: ₦10,000
• Maximum exposure per market: ₦50,000
• Daily exposure limit: ₦100,000

Actual limits can vary by user and may change over time based on risk management, regulatory requirements, or account history. Proxema may also apply additional limits or checks for unusual activity.

6. Responsible trading

Prediction markets involve risk. Only trade with funds you can afford to lose and avoid using money meant for essential expenses. Trading outcomes are uncertain, and there is no guarantee of profit.

Avoid excessive speculation or trading based purely on emotions. Take breaks if trading becomes stressful, and consider pausing or reducing your activity if you feel you are losing control. For more detailed guidance, please see our Responsible Trading page.