What Are Event Contracts?
Event contracts are a derivative product launched by OKX. Each contract is defined using natural language to describe a specific event, and user payouts are determined by the final outcome of that event. Each event contract pair represents a contract with a potential payout of 1 USDT.
Checklist
- How to Trade Event Contracts
- How do I buy event contracts?
- Select a direction (Up or Down) in the order book, enter a price and quantity, and submit the order:
- How do I close my position early before expiry?
- How does the platform handle disputed results?
- Event contracts support both Open/Close Mode and Buy/Sell Mode:
- How is margin calculated for event contracts?
- How are fees calculated for event contracts?
Notes
Users simply assess the likely outcome and select a direction, then purchase contract shares in the corresponding direction. The current price of the contract reflects the market’s collective judgment of the probability of the event occurring. At expiry:
Correct judgment: Each contract share can be redeemed for up to 1 USDT (minus a settlement fee)
Incorrect judgment: The share becomes worthless; no settlement fee is charged
Example: A user purchases 1 Up contract for 0.01 USDT. At settlement, if the Up direction is confirmed, the contract is worth 1 USDT.
Details follow the official OKX help article; this page is a learning checklist, not an official mirror.
