# Refund Policy

## Overview

Probly is a peer-to-peer market. When you trade, you're buying shares from or selling them to other users — prices move with supply and demand, and you take on the market risk of your position. **Normal trading losses are not refundable.**

In a small set of specific circumstances, however, a market may be voided and affected positions refunded.

## When Markets May Be Voided

A market may be voided when:

* The resolution source becomes unavailable and no acceptable alternative exists
* The event is cancelled or indefinitely postponed with no clear path to resolution
* The outcome is genuinely ambiguous and cannot be determined fairly under the published rules
* A critical setup error is discovered that materially affects fairness

If a void is declared, Probly announces it on the affected market page and notifies holders. The specific handling of any refund is determined on a case-by-case basis under the [Terms of Use](/resources/terms-of-service.md).

## What Is Not Refundable

* Normal trading losses (you were on the wrong side of a market that resolved correctly)
* Losses from slippage on market orders
* Losses from orders you placed by mistake
* Losses from price movements while your order was open
* Network gas fees paid to the blockchain

## Appealing a Resolution

If you believe a market resolved incorrectly against its published rules:

1. Email **<support@probly.com>** with the market name and your concern
2. Attach supporting evidence (official sources, timestamps, etc.)
3. Appeals are reviewed strictly against the market's published rules

{% hint style="warning" %}
Resolutions consistent with the published rules are **final** — even if you disagree with the real-world outcome. See the [Terms of Use](/resources/terms-of-service.md) for the binding dispute procedure.
{% endhint %}


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