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Effective Thursday, August 20, 2026. Parlay payout is now a scalar of the legs’ resolved values instead of refunding the full stake on any void.
An executed parlay settles as a single position — there is no partial settlement, and RFQ parlays are never repriced. A lost leg settles the parlay as a loss immediately, even while other legs are still ungraded. Otherwise, the parlay stays open until every leg has graded.

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Payout is the product of the legs’ values

Each leg resolves to a value between 0 and 1:
  • Win → 1
  • Loss → 0
  • Void (FMV) → the leg’s fair market value (FMV) price, e.g. 0.5
The parlay pays stake × quoted price × scalar, where the scalar is the product of every leg’s value. The taker is paid that amount; you (the maker) retain the remainder of your collateral.
This replaces the previous rule, where any voided leg refunded the taker’s entire stake regardless of how the other legs graded — including a parlay with a genuine losing leg. A loss elsewhere in the parlay is no longer forgiven by a void: the loss’s 0 value zeroes the whole product, so a parlay that lost still loses and your collateral is returned to you as the maker.

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Status precedence

1

Any leg lost

The parlay settles immediately as a loss, for zero payout — even if other legs are still ungraded. You (the maker) receive the stake plus your collateral.
2

Otherwise, any leg still ungraded

The parlay stays open and is not settled yet.
3

Otherwise, compute the payout

Every leg has graded and none lost. Multiply every leg’s win / FMV value together for the payout scalar.