What Happens When a Contract Shows up on a Customer's Trade Slip as 'Void'?

This means the customer's trade could not be settled based on the normal event outcome under the Exchange Rules. As a result, the trade was settled using a fair market value determined by the Exchange.

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Frequently Asked Questions

Examples of circumstances where a contract may settle this way include:

• A player is ruled out before the game begins.
• A player is scratched after trading has opened but before participating.
• A game or event is canceled.

What Does This Mean for My Trade?

When a contract settles as Void:

• The Void price may be higher or lower than the price you originally traded at, depending on how the market moved before settlement.
• Prices are shown as percentages, and each contract settles for the dollar amount that percentage represents—a price of 58% settles at $0.58 per contract.

Example:

You purchase a contract at a price of 65%.

Before the game begins, the player is ruled out.

The contract's 'Event Canceled' price is calculated as 58%.

Your contract settles at $0.58, rather than the $0.65 you paid.

Why did I receive less than I paid?

When an event is canceled, you receive a fair market value determined by the Exchange, not the price you originally paid. If the market price moved lower before the contract was settled, your settlement amount may also be lower.

Can my trade be canceled or refunded in these circumstances?

No. DraftKings Predictions facilitates access to peer-to-peer exchanges for trading in these markets. Completed trades cannot be canceled or refunded once executed.

Where can I see my settlement?

Your settlement amount is available in your Transaction History within your DraftKings account. If you have questions about a specific settlement, please contact Customer Support.