Responsible trading

An event contract settles at its full value if the outcome occurs and at nothing if it does not. There is no partial recovery on a losing contract: the entire amount committed is lost, including the fee paid to enter.

A price is not a prediction of what will happen. A contract trading at 80¢ resolves the other way roughly one time in five, and a run of correct-looking positions can end in a total loss on the next one.

Selling before a market resolves is not an escape hatch. A position can be exited at the price the market is then offering, which may be far below what was paid, and a fee applies to the exit as it did to the entry. Exiting early limits how long money is committed; it does not limit how much can be lost.

Every market was authored by a venue and settles by that venue’s published rules, against the source that venue names. The title is a summary. The rules are the contract, and they are where the edge cases live — what counts as the event occurring, what happens on a delay, what happens if the source stops publishing.

Two markets worded almost identically at two different venues can settle differently. Parity will not route an order between listings unless it has been established that they are genuinely interchangeable, precisely because an identical question is not the same as an identical contract.

Parity is business-to-business infrastructure. It sits between an OPERATOR — the platform that holds the customer relationship — and a VENUE that lists and settles event contracts. Three parties, three sets of responsibilities, and almost every question about this service is answered by working out which one owns the thing being asked about.

THE OPERATOR owns the end customer: the account and its credentials, KYC — identity and age verification — the customer cash ledger, deposits and withdrawals, bonuses, deposit and loss limits, time-outs and self-exclusion, and first-line customer support. Parity holds none of those and cannot act on any of them.

PARITY owns the normalized market catalogue and the market data behind it, the quote, the routing decision, the order lifecycle, positions, execution records, the settlement and reconciliation instructions an operator books against its own ledger, and the analytics over all of that.

THE VENUE owns liquidity, the execution of a contract, the wording of the market it authored, the source it resolves against, and its own settlement mechanics.

Two consequences are worth stating outright. Parity does not warehouse event risk: it does not take the other side of a customer’s position. And Parity does not hold or need a customer cash balance — a filled order or a resolved position produces an amount the operator applies to its own book, not a movement in a wallet here.

Deposit limits, loss limits, time-outs, self-exclusion, age and identity verification, and affordability checks belong to the OPERATOR, under its own licence and its own supervision, in its own product. Parity cannot self-exclude an operator’s customer, cannot see or change their balance, cannot block a deposit and cannot close their account. It has no way to identify a customer as a person at all.

What Parity provides is the data those controls need: per-customer orders, positions, open exposure, realised and unrealised P&L, and a settlement and reconciliation feed. An operator applying limits should use it — an open position is money already committed, and it does not appear in a cash ledger until it settles. A limit enforced on deposits alone will miss it.

An operator can also suspend one of its own customers directly through Parity’s portal, which stops new orders for that customer immediately rather than waiting on a support ticket. That is the operator’s action, taken with the operator’s credentials, and it is not Parity applying a control of its own. It does not close open positions or reverse anything: they settle exactly as they would have, because history is not a permission.

The trading interface carries a session clock and an interval reality check that interrupts with a summary of what has been staked. The interval is an operator setting rather than a player one, because a reality check a player can switch off is not a reality check. Where an operator’s own platform owns the session, that platform’s timer is the one that counts; the version here demonstrates the shape rather than replacing it.

If you want to limit or stop your activity, those controls are in your operator’s product — the platform you deposited with and signed in to. If you cannot find them, its support team is the right place to ask, and it is the only party that can act on your account.

If gambling has stopped being something you control, help is available in most jurisdictions from a national helpline or support service, and your operator’s product is where to find the one for your country.

If the problem is instead something Parity did — a price that looked wrong, a quote that would not fill, an order whose state does not match what you were shown — that is ours. The complaints page explains how to raise it and what to include.

Operational information. This page describes how Parity operates today. It has not been reviewed by legal counsel and is not a contract.

A live commercial deployment needs a named contracting entity, a governing law and jurisdiction, and a jurisdiction-by-jurisdiction analysis of where event contracts may be offered and by whom. Those decisions have not been made. This page names them as outstanding rather than filling in a plausible answer, because an invented one is the detail that gets checked.

If you are evaluating Parity commercially, ask for the current draft of the agreement. That, and not this page, is what would bind either of us.