Merging YES/NO Shares

To exit markets where you have both YES and NO shares, you can use the Merge function.

In every market, the value of opposing YES/NO shares always equals $1. So, when you merge shares, you essentially combine these positions to receive a dollar for every pair.

Note that merging will only rid you of an equal portion of YES/NO shares — so, for an uneven distribution (e.g., 20 YES and 50 NO), you’ll receive $20 (20 YES + 20 NO), but retain the excess NO shares (30).

You can merge via two pages:

• A market’s page: click the My Positions tab and select Merge to the right

• The Portfolio page: click the Positions tab and select Merge next to the Claim All button

Note that using the former will allow you only to merge shares from the selected market. The second, however, will enable you to select shares across markets.