Proxema
Sports

Will Nigeria qualify a men's basketball team for the 2028 Olympics?

Trading ends in 844 days

Closes on August 31 at 23:59 UTC

YES

50%

Payout: 2.00x

NO

50%

Payout: 2.00x

Probability over time

YES and NO implied probabilities over time. Each point shows the market's implied chance for each side.

Context

Resolution source: FIBA qualification and IOC entries.. Market resolves when the outcome is determined; payouts are automatic for winning positions.

If the match ends in a draw, this market will be void and all positions will be refunded.

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 voided: all original stakes are refunded and no payouts are made. 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.

For sports markets (e.g. "Will Team A defeat Team B?"), if the match ends in a draw or the outcome cannot be verified, the market will be void and all positions will be refunded.

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.

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.