Redemption

Also called redeem · claim

Claiming the $1 payout on a winning Polymarket position once its market has resolved.

Redemption is a boring mechanic that creates the single nastiest data trap in prediction-market analytics, and understanding it changes how you read every wallet you look at.

Polymarket's positions endpoint returns the current book — open positions plus resolved ones that have not been claimed. Winners are redeemed out of it, usually automatically. Losers have nothing to claim, so they sit there. The residual settled slice of a wallet's open book is therefore composed almost entirely of unredeemed losses, and it looks catastrophic. Checked live, a wallet whose open book read zero wins from forty settled positions was thirty-seven from thirty-eight on the closed-positions endpoint; another wallet with more than eight million dollars of lifetime profit read as down $1.37M because two unredeemed losers were the only settled rows still in its book.

So on this site hit rate, Sharpe, profit factor and drawdown are computed from closed positions, and total profit comes from the official leaderboard endpoint. Nothing is derived by summing the open book. If you evaluate a wallet from its positions list — on any tool, including your own — you will read winners as losers with near-perfect consistency.

Where this shows up

Portfolio Tracker Sharp Leaderboard Sharp Score methodology Guide: risk metrics

Related terms

Unrealized PnL Sharp Settlement

← All 40 terms Tool guides Sharp Score methodology

Definitions describe how Polymarket and Kalshi behave and how WhaleTracks models them; venue rules and fee schedules can change, so confirm anything you size a position on with the venue itself. WhaleTracks is informational analytics, not financial advice. Past performance does not guarantee future results.