What is Kapolly?
Kapolly is a browser-based event contracts exchange. It lists standardised YES and NO contracts on measurable events. Members place orders with other members through an order book. Kapolly operates the market and charges disclosed fees, but does not take the opposite side of customer positions for directional profit.
What does a YES or NO contract pay?
A standard whole contract settles to $1.00 if that side is correct and $0.00 if it is not. If YES is the winning outcome, YES settles to $1.00 and NO to $0.00. If NO is the winning outcome, the reverse applies.
How can both sides add up to exactly $1?
When a new complementary YES and NO pair is created, the money contributed by the two sides totals exactly $1.00 before fees. That $1.00 is the settlement collateral for the pair. Kapolly does not add money to the payout.
Why might 'Buy YES' and 'Buy NO' on the screen total more than $1?
Those two prices can be separate immediate offers from different participants. They are not necessarily the two halves of one new matched pair. The accounting rule still requires a newly created complementary pair to be fully backed by $1.00 before fees.
Does a 62 cent YES price mean a 62% probability?
Traders often read contract prices as a market implied probability, but the price is ultimately the result of bids and offers. A 62 cent trade can be interpreted as the market valuing the YES side at about 62 cents on the dollar, but it is not a guarantee or an official probability forecast.
Does Kapolly set the odds or the price?
No. Members submit bids and offers. The trading system matches compatible orders according to the published priority rules. Kapolly may impose market integrity, position, eligibility and technical controls, but it does not choose a price to make a customer win or lose.
How are orders matched?
Kapolly’s standard order book prioritises better prices before worse prices, and earlier orders before later orders at the same price, subject to the Rulebook and any contract specific exceptions.
Can I lose more than I deposit?
Not under the intended launch model. Standard event contracts are fully collateralised. Kapolly does not offer leverage, margin borrowing or negative cash balances at launch.
How does Kapolly make money?
Kapolly earns disclosed exchange, transaction, data or infrastructure fees and may operate transparent liquidity programmes. Its fee does not depend on whether YES or NO wins.
What events can be listed?
Kapolly initially focuses on measurable financial, economic and corporate events with a reliable public source. Sportsbook style, casino style, lottery, jackpot and entertainment first categories are outside the initial regulatory proposition. Politics and other sensitive categories require explicit regulatory and internal approval before they can be enabled.
Can users create markets?
Users may suggest an idea, but they cannot publish a tradable market themselves. Kapolly Market Operations reviews legality, wording, source quality, manipulation risk, insider risk, operational feasibility and country eligibility before a market can open.
How is a market result decided?
Every market must publish its resolution condition and authoritative source before trading begins. After the event, Kapolly records the source result, applies the contract rule, uses independent review controls, publishes the determination and then settles the market. Material disputes or source corrections are handled under the published rule and Rulebook.
What happens if the official source changes or corrects a result?
The contract rules state how corrections, postponements, cancellations and market disruptions are handled. Kapolly does not change a result simply because the market expected something else.
What happens if a market is paused?
No new trading is accepted while a market is paused. Open orders and any treatment on reopening are handled according to the Rulebook and the market notice. Existing positions remain recorded unless a lawful correction or cancellation process applies.
Who is allowed to trade?
Trading access is based on age, identity verification, country, account status, product permissions and any market-specific restrictions. A website being accessible in a country does not mean live trading is authorised there.
Why does Kapolly need identity checks?
Identity and due diligence checks help Kapolly comply with financial crime, sanctions, tax, market integrity, customer protection and country access obligations. Required checks may vary by country and account type.
Why can some people be blocked from a specific market?
A person may be restricted if they can influence the event, work on the authoritative source release, possess material non-public information, exceed a position limit, or fall within another market-specific restriction.
How do deposits work?
Kapolly creates a funding instruction and uses an approved payment rail. A successful browser return page does not by itself create trading cash. Kapolly verifies the payment with the provider and posts the confirmed amount to its own ledger.
How do withdrawals work?
Withdrawals may be made from available settled cash, subject to identity, risk, account status, payment rail and legal checks. A transfer that fails or is reversed is corrected through the ledger rather than by editing the balance manually.
Where are my funds held?
Kapolly only enables real-money funding where the applicable payment and safeguarding arrangements for that jurisdiction are in place. Your Kapolly ledger, not a browser success message or payment page, is the authoritative record of your available balance.
What are market makers?
Approved market makers are participants that commit to providing liquidity under defined programme rules. Their quotes are participant orders. Any incentives, special limits or obligations are governed by a transparent programme and do not allow fake volume, wash trading or secret house dealing.
Does Kapolly give investment advice?
No. Market information, prices and educational material are informational. Kapolly does not recommend that a user buy YES, buy NO, hold a position or trade a particular amount.
What responsible participation tools are available?
Kapolly’s policy supports temporary trading breaks, self exclusion, deposit limits, position and exposure controls, account security tools and educational risk information. The exact tools available in a country will be shown in account settings.
Can Kapolly cancel a trade?
Only in the circumstances set out in the Rulebook, such as a defined technical error, invalid order, regulatory requirement, market suspension consequence or other authorised correction. Trade cancellation cannot be used to protect Kapolly from an ordinary market loss because Kapolly does not run a directional house book.
How can I complain or challenge a decision?
Use the support and complaints channel shown in your account or the Kapolly complaints contact shown in the platform before live regulated trading. Trade, market outcome and enforcement challenges follow the timelines and review process in the Rulebook. External regulatory or legal rights remain available where applicable.
Where can I read the legal documents?
The current Participant Agreement, Market Rulebook, Clearing and Settlement Rules, Privacy Notice, Market Data Terms, Restricted Trading Policy and Responsible Participation Policy are available through Kapolly Governance.