Will Magnus Carlsen or Ian Nepomniachtchi win in their FTX Crypto Cup preliminary match?

This is a market on who will win in the FTX Crypto Cup preliminary match-up between Magnus Carlsen and Ian Nepomniachtchi, scheduled to take place on May 23, 2021 at 12:00 PM ET. The market will resolve to “Carlsen” if Magnus Carlsen wins, or “Nepomniachtchi” if Ian Nepomniachtchi wins. If the preliminary match is a draw, the market will resolve to 50 cents Carlsen and 50 cents Nepomniachtchi. If the preliminary match is postponed to a day on or before May 31, 2021, the same market conditions will apply. If the preliminary match is postponed to a day after May 31, 2021, or is canceled altogether, the market will resolve to 50 cents Carlsen and 50 cents Nepomniachtchi. In the event of ambiguity in terms of the market outcome, the market will be resolved at the sole discretion of the Markets Integrity Committee (MIC).

How trading works

Polymarket uses a central limit order book (CLOB) model — you can buy or sell shares of any outcome at the current market price, or place limit orders at your target price. All positions are settled in USDC when the market resolves.

Resolution

Markets resolve through UMA's Optimistic Oracle. After the market closes, a proposer submits a resolution, followed by a 2-hour dispute window. If no dispute is raised, the resolution is accepted. Disputed markets go to UMA token holder vote.