Help

Restricted regions, supported wallets, gas fees, market mechanisms, and other common questions about using Delphi.

Help & FAQs

Find answers to common questions about accessing Delphi, connecting your wallet, understanding payouts, and more.

Restricted Regions

Delphi is not available in the following jurisdictions:

• Cuba
• Iran
• North Korea
• Syria
• Russia
• Crimea, Donetsk, and Luhansk regions of Ukraine

Delphi trading is currently not available in the United States and South Korea. Users in these countries may access other features, including submitting (non-monetary) predictions and viewing market data.

If you believe you are seeing a restriction in error, reach out to the team on Discord. Please see our Terms of Service for more information.

Supported Wallets

Delphi supports two wallet connection methods:

• Wallet providers: Connect an existing wallet from one of 580+ providers.
• Google / Email: Enter your email address to create an embedded wallet automatically.

I connected MetaMask. Why do I have a new address?

New users who connect an external wallet get a Delphi embedded wallet with sponsored gas. You sign in with your wallet, but you trade from the new address, so fund that one. If you used Delphi with an external wallet before this change, you keep your original address.

Why is my deposit showing a small fee?

It's a fixed fee charged by the third-party bridge that moves your funds onto Gensyn mainnet, not a Delphi fee. On a very small deposit it can look large as a percentage. It isn't price slippage.

How do I withdraw to another chain?

Open the wallet menu and select Withdraw. You can send USDC to chains such as Base or Ethereum.

Do I need ETH for gas?

Not with an embedded wallet. Existing external-wallet users pay their own gas.

Creating Markets

For guidance on creating effective markets, including writing clear questions, defining outcomes, reviewing settlement criteria, and handling edge cases, see Create a Market.

Do I need an invite or approval to create a market?

No. Any signed-in user can create a market, outside restricted regions. See Create a Market.

Why can't I trade or create a market?

You're likely in the United States or one of its territories, where trading and creation aren't available.

What happened to Creator Referrals and the $10 seed?

The referral program is winding down. No new invites since September 28, 2026; invites already sent can be accepted, and referral earnings paid, until October 12, 2026. The $10 seed campaign has ended.

How much do creators earn?

A share of their market's trading fees, paid at settlement. The share is shown in the app and currently differs by market type.

Market Types

What's the difference between LMSR and DPM?

On LMSR markets, an outcome's price is its probability. Your payout is fixed when you trade. Each winning share pays $1 when the market settles, or its final market price if it closes with No Outcome.

On DPM markets, you buy into a pool and winners split it. Payouts change as others trade.

LMSR is recommended because the price reads directly as a probability. You know what a share pays when you buy it. You can sell part of a position. There is always a price to trade at, even in a new market.

For a more detailed breakdown, read this.

What does "Pays 1.49× if correct" mean?

On an LMSR market, each share of that outcome pays 1.49 times what it costs if the outcome wins. A share priced at about $0.67 pays $1.00.

If the market closes with No Outcome, shares pay their final market price instead.

Can I sell part of a position?

On LMSR markets, yes. You can sell anywhere from 1% to 100%.

On DPM markets, selling liquidates your whole position in that outcome.

Why does my LMSR market show funding as liquidity?

LMSR markets have no refundable deposit or seed shares. Your funding sets the market's liquidity. Some or all of it can come back at settlement, depending on where the market lands.

The market creation fee is charged separately from your funding.

Understanding Payouts

How you're paid depends on the market type. Every market shows an LMSR or DPM badge.

• LMSR markets: Your payout is fixed when you trade. Each share pays $1 if its outcome wins, so the number of shares you buy decides what you'll receive. The trade form shows this before you confirm, and later trades don't change it. What changes is what your position is worth if you sell now, which moves with the market. You can sell any part of a position, from a small slice to all of it, at any time before trading closes.
• DPM markets: Your payout is an estimate. Winners split the pool, so what your shares are worth depends on how much ends up on each outcome, and that keeps changing until trading closes. My Payout Preview shows what you'd receive if the market resolved right now. Selling liquidates your entire position in that outcome. Partial sells aren't supported.

When the market settles to a winning outcome, your winning shares become claimable, at $1 each on LMSR or your share of the pool on DPM. Redeem them from the market page or the Claimable tab in Activity.

If the market closes with No Outcome, no outcome wins, on either market type. Each position is worth its final market price when trading closed. On LMSR, for example, a share priced at 12% pays $0.12. You can claim these from Payouts in Activity.

This may be more or less than you paid, and it isn't a refund.

Market Lifecycle

Every market on Delphi moves through these stages:

1. Active: The market is open for trading. Anyone can buy and sell positions on the available outcomes. Odds shift in real time as trades are placed.
2. Pending settlement: Trading has closed. For an automated market, settlement is scheduled or running and may take up to 48 hours. No more trades can be placed.
3. Settled: A winning outcome was selected and winning shares are claimable.
4. No outcome: No winning outcome was declared. The automated workflow may not select an outcome. A Legacy manual market may miss its settlement deadline. Positions pay at final market prices and can be claimed from Payouts in Activity.
5. Removed: The market was removed under Delphi's policy process.

Existing Legacy markets use manual settlement. Their creators have 24 hours after close to settle them. See Settling a Market Manually.

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If you're in need of any assistance, are encountering bugs, or have questions, you can join the Delphi Discord channel.