In a Nutshell
Event Status shows the current state of an Event on the Zanlo platform.
Event status determines which actions with Picks are available to the user and at what stage of the lifecycle the Event is.
Main Event Statuses
Active
Active — Event is active, trading is open.
In this status:
• new Picks can be made on either outcome — Yes / No, or the two named outcomes;
• previously bought shares can be sold (Exit);
• Event is available for participation and displayed as active.
Event remains in Active status until trading closes.
Waiting for the outcome
Waiting for the outcome — trading for the Event is closed, the system awaits a confirmed result .
In this status:
• making new Picks is unavailable;
• selling is unavailable;
• all open orders are automatically cancelled, including:
- buy orders;
- sell orders;
• the outcome confirmation process (Resolving) begins.
Event may transition to Waiting for the outcome status:
• after the actual completion of the event;
• or when further trading becomes impossible, even if the event itself has not yet concluded.
Called off
Called off status may happen, for example, in case of:
• force majeure circumstances;
• inability to correctly confirm the Event outcome.
What Happens with Called off Status
In this status:
• all open buy and sell orders are automatically cancelled;
• further participation in the Event becomes impossible;
• Zanlo terminates trading for this Event.
Compensation for Held Shares
When an Event receives Called off status:
• compensation applies only to shares held by the user at the time the Event receives this status;
• Zanlo strives to fairly compensate user costs associated with such held shares;
• the method and amount of compensation are determined by the platform in accordance with Zanlo rules and specific circumstances of the Event cancellation.
Zanlo does not guarantee application of a fixed calculation formula and reserves the right to choose a compensation mechanism aimed at correct and fair resolution of the situation.
Important
• Shares that were sold before the Event received Called off status are considered completed transactions;
• for such shares, transactions are not cancelled or recalculated;
• compensation applies exclusively to held shares, not to already closed positions;
• refund or compensation is carried out in accordance with Zanlo platform rules.
Event Rescheduling
If an event was interrupted but rescheduled:
• Event remains in Active status;
• Called off status is not applied;
• trading continues normally.
Resolved
Resolved — Event is completed, result is confirmed and recorded.
Event receives one of two final statuses — one for each of its outcomes: Resolved with [winning outcome].
In Yes/No events these are Resolved with Yes and Resolved with No. In events with named outcomes, the status carries the name of the winning outcome.
In this status:
• results for all held shares are calculated automatically;• further actions with the Event are unavailable;• Event data is saved in user history.
Important to Remember
• Event status determines available user actions.
• **After Event transitions to Waiting for the outcome or Resolved, participation in the Event through buying or selling shares is impossible. **
• All open orders are automatically cancelled when status changes.
• The platform does not change Event status arbitrarily — transitions occur within a predetermined lifecycle.
Related Articles
Choosing Events
Where to Find Active Events
How Events Are Created
How Event Outcomes Are Determined