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NegRisk (negative risk) market

A Polymarket structure for multi-outcome questions where exactly one outcome can win, letting traders convert No shares across outcomes efficiently.

BetG8 Editorial · Reviewed November 6, 2026 · Not betting, legal or investment advice

In a 2028 nominee market with twelve candidates, exactly one wins. A NegRisk market links the twelve Yes/No contracts so that holding No on every candidate but one is equivalent to holding Yes on that one. This keeps the sum of Yes prices near $1 and lets capital be reused across outcomes.

For a reader the practical effect is that prices in a NegRisk market are more consistent with each other than in unlinked markets, where the Yes prices across outcomes sometimes add up to 110 percent.

The mechanism runs on a separate adapter contract, which is why NegRisk markets show up differently in Polymarket's API and tooling.

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Frequently asked questions

What does "NegRisk (negative risk) market" mean?
A Polymarket structure for multi-outcome questions where exactly one outcome can win, letting traders convert No shares across outcomes efficiently.
Why does negrisk (negative risk) market matter for prediction markets?
The mechanism runs on a separate adapter contract, which is why NegRisk markets show up differently in Polymarket's API and tooling.