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MSR Decode · Settlement · Case 08

On Polymarket US, a bet on the player who withdrew paid more than a bet on the one who advanced

After two 2026 tennis walkovers, Polymarket’s international contracts paid 50 cents on each side. Its U.S. contracts, written under different terms, paid the advancing player 67 cents in June and 26 cents in August.

Published September 10, 2026 · Clarifications through September 28 · Updated October 25, 2026 · 4 min read
Contents
  1. 01 · Two walkovers, four different prices
  2. 02 · The contract wording sets the payout
  3. Negative findings and limitations
  4. Evidence and corrections

Elina Svitolina withdrew before her August 18, 2026, match in Cincinnati, citing a right ankle injury, so Xiyu Wang advanced without playing, a result known as a walkover. On Polymarket’s U.S. platform, a contract on Wang paid 26 cents. A contract on Svitolina, the player who withdrew, paid 74 cents. August example

Polymarket’s international platform settled the same walkover at 50 cents on each side. The two platforms also split in a June walkover: the international contracts again paid 50 cents each, while the U.S. contracts paid 67 cents for the player who advanced and 33 cents for the player who withdrew. In both matches, the two platforms used different contract terms, and those terms, rather than the match result alone, decided what holders received. Verified venue records

When an opponent withdraws, the match result says only who advances. What a betting contract pays depends on its cancellation or walkover terms, and those terms can differ even for the same match.

Evidence explained

Same match, different division of $1

Settlement cents per contract · each row totals 100 cents

Arnaldi–Cobolli · International
Arnaldi 50¢Cobolli 50¢
Arnaldi–Cobolli · U.S.
Arnaldi 33¢Cobolli 67¢
Wang–Svitolina · International
Wang 50¢Svitolina 50¢
Wang–Svitolina · U.S.
Wang 26¢Svitolina 74¢
Labels identify each player; the bars show the recorded settlement per contract.

Two walkovers, four different prices

In the June match, Matteo Arnaldi withdrew before playing Flavio Cobolli on June 5, citing a viral illness, and Cobolli advanced by walkover. U.S. contracts paid 67 cents for Cobolli and 33 cents for Arnaldi; international contracts paid 50 cents each. June example

On a hypothetical 1,000-contract position, the gap is easy to see. A Cobolli holder would receive $670 in the U.S. and $500 internationally, a $170 difference; an Arnaldi holder would receive $330 or $500.

Evidence explained

What 1,000 contracts would pay

Illustrative position size × observed settlement price · USD

PositionInternationalU.S.U.S. minus international
1,000 Cobolli$500$670+$170
1,000 Arnaldi$500$330−$170
1,000 Svitolina$500$740+$240
1,000 Wang$500$260−$240
Work it through

Cobolli: 1,000 × ($0.67 − $0.50) = $170

Gross settlement receipts on hypothetical positions of the same size.

The August match reversed the order a reader might expect. U.S. contracts paid 26 cents for Wang, who advanced, and 74 cents for Svitolina, who withdrew, while international contracts again paid 50 cents on either side. A holder of 1,000 Svitolina contracts would receive $740 in the U.S. or $500 internationally; a holder of 1,000 Wang contracts would receive $260 or $500.

The contract wording sets the payout

The terms explain the split. The international walkover rule stated a 50-cent settlement. The June U.S. contract referred to last-traded prices, and the August contract referred to fair market price. A U.S. Sports FAQ, already live by March, said that a withdrawal before the first serve would use the last fair market prices as of the official announcement. Under those terms, both the valuation method and the moment it is applied decide the payout. Contract wording and FAQ

Evidence explained

The wording changes the question a reader must ask

Paraphrases of the reviewed terms

DocumentStated basisTime anchor
International walkover terms50 cents per sideFixed value
June U.S. contractLast-traded pricesNo cutoff stated in clause
August U.S. contractFair market priceNo cutoff stated in clause
U.S. Sports FAQ · relevant pre-event ruleLast fair market pricesOfficial announcement
The rulebook gives contract terms priority.

The sporting result was the same in both matches: a player advanced without play. The payments were not. For a holder, the payout follows the wording of the specific contract, and Polymarket’s two platforms worded it differently.

Evidence tables, source files and corrections

Evidence, calculations and corrections

Calculation details

A walkover occurs before the first point and differs from a retirement after play begins. The U.S. FAQ described a 50-cent ITF exception, which did not cover the June Grand Slam match. The rulebook gives contract-specific terms priority over general rules. MSR found no formal outcome-review notice in the searched archive; absence from that search does not prove no review occurred. All three U.S. identity checks used venue records and are consistency checks, not independent witnesses.

Correction record

October 4, 2026: This article was rewritten as one current narrative. Earlier article versions and the duplicate finding text were removed from the public page; supporting tables, visuals, source destinations and correction facts remain available below.

Clarification, added 2026-09-28. The tested payouts are distinguished from any claim that Polymarket US applied its rules correctly. The public record still does not establish how it calculated the exact settlement prices; payout figures are unchanged.
Clarification, added 2026-09-20. The venues published different settlement rules and paid different amounts. The public record does not establish how Polymarket US calculated its exact settlement prices.

Supporting visual

Two published walkover examples · settlement value per contractThe same match could settle at different prices across products
Arnaldi — Cobolli
International50¢ / 50¢50 / 50
Polymarket US33¢ / 67¢33 / 67
Wang — Svitolina
International50¢ / 50¢50 / 50
Polymarket US26¢ / 74¢26 / 74

Two examples, not a population rate. Settlement values are not profits; the exact US pricing calculation remains unresolved.

Detailed table

Settlement prices, each captured from the venue’s own public system
MatchPolymarket InternationalPolymarket US
Matteo Arnaldi vs Flavio Cobolli
Roland Garros, men's singles semifinal, 2026-06-05
50¢ / 50¢Arnaldi 33¢ / Cobolli 67¢
Xiyu Wang vs Elina Svitolina
Cincinnati Open, women's singles third round, 2026-08-18
50¢ / 50¢Wang 26¢ / Svitolina 74¢

Detailed table

What a 1,000-contract position was worth at settlement — Matteo Arnaldi vs Flavio Cobolli
PositionInternational settlement valuePolymarket US settlement value
1,000 contracts on Cobolli$500.00$670.00
1,000 contracts on Arnaldi$500.00$330.00

Detailed table

What a 1,000-contract position was worth at settlement — Xiyu Wang vs Elina Svitolina
PositionInternational settlement valuePolymarket US settlement value
1,000 contracts on Svitolina$500.00$740.00
1,000 contracts on Wang$500.00$260.00

Source files and references

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