Switch

What switching is

Switching means taking the bet you placed on one outcome and moving it to a different outcome. For example, you were on Yes, and now you switch to No.

What actually happens when you switch

Put simply: sell the old side at the current price, deduct a fee, then use what’s left to buy the side you’re switching to at the current price.

So:

• The amount that moves over is calculated at the current price — it’s not your original bet carried over as-is; both sides’ prices are changing, so the share count changes.
• The fee in the middle is the same as for exit: 2% when the pool is healthy, higher the more short of money it is, up to 30%.
• If the old side was already at a loss, the protection on that lost principal does not carry over to the new direction — switching locks in that loss.

When to be careful

• When the old side is already clearly at a loss
• When you’re counting on switching to “wash away” a loss
• When you think switching is a “zero-cost way to change your answer”

Where to look after switching

• /portfolio: see your position after the switch
• /me/cashflow: see how the money moved in this switch