> For the complete documentation index, see [llms.txt](https://docs.parlayit.gg/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.parlayit.gg/using-parlayit/settlement.md).

# Settlement

Settlement is what turns a resolved market into a real change in your ParlayIt balance. Once a market is resolved on-chain, the payouts are applied to every position tied to that market and to every parlay that includes it.

## When Settlement Happens

Settlement is applied as soon as a market is resolved. Because the chain averages around **500ms block times**, settled positions are reflected in your account within seconds of the resolution being committed.

## What Settled Positions Pay

* A **winning YES or NO position** is worth $1 per share once settled.
* A **losing position** is worth $0 per share.
* A **position in a market that resolved 50/50** is worth $0.50 per share, regardless of which side you took.

## Parlays

A parlay settles based on the combined result of every leg.

* If every leg wins, the YES side of the parlay pays out in full.
* If any leg resolves against the user's selection, the YES side pays out $0 and the NO side wins.
* If any leg resolves 50/50, the parlay payout is reduced by a 0.5 multiplier per such leg.

See [Resolution](/concepts/resolution.md) and [Native Parlays](/concepts/parlays.md) for the full mechanics, including worked examples.

## After Settlement

Once a position has settled, its value is part of your ParlayIt balance. You can use that balance to:

* Trade in other markets
* Build a new parlay
* Withdraw the USDC back to your Polygon wallet via the [Bridge](/using-parlayit/bridge.md)