This article is incorporated by reference into the FPT Scale Program Agreement and is listed, with its version and effective date, in the Current FPT Scale Rules Index. It is a binding rules document, not a summary.
Prediction markets have an explicit expiration: a moment at which the market stops trading and moves toward resolution. FPT restricts opening new positions in the window immediately before that moment, and restricts activity in markets that are already in resolution or dispute.
The exact length of that late-entry window is not yet published. FPT has settled that the restriction exists; the precise cutoff — how long before expiration new entries stop being accepted — will be published in this article before launch, and this article's version will be updated when it is. Nothing in this article should be read as stating a specific number of minutes or hours today.
1. Scope
1.1. This article applies to every FPT Scale account of every size, in both the evaluation stage and the funded stage.
1.2. All FPT accounts are simulated. FPT does not route customer orders to Polymarket, Kalshi or any other venue and does not execute live trades for customers. The timing restrictions in this article are risk controls inside the FPT simulation, applied to the FPT market data set.
1.3. Where this article and a marketing page, an FAQ answer or a support message disagree, this article controls. Where this article and the Program Agreement disagree, the Program Agreement controls.
2. Why a Late-Entry Restriction Exists
2.1. In the final stretch before an event market expires, price behaviour stops resembling ordinary trading. Liquidity thins, quotes gap, and the outcome frequently becomes known — or near enough to known — before the market formally closes.
2.2. A simulated fill in that window is not a fair test of trading skill. It is a test of how close to a settled outcome an order can be squeezed in. FPT's evaluation is meant to measure judgement under genuine uncertainty, so the last window before expiration is restricted.
2.3. The restriction also protects the integrity of FPT's own simulation. Estimated fills depend on live price and available liquidity, and both degrade sharply as a market approaches expiry. See How Simulated Fills Are Determined.
3. The Restriction
3.1. New entries are restricted near expiration. For any market with an explicit expiration, FPT operates a late-entry cutoff. Once a market is inside that cutoff, the trading system will not accept an order that opens a new position in it.
3.2. The exact cutoff is not yet published. FPT has not fixed the number of minutes or hours before expiration at which entries stop being accepted. It will be stated in this article, with a version bump, before FPT launches and before any account becomes tradeable. Any number you see elsewhere before that point is not authoritative.
3.3. The cutoff may differ by market. Prediction markets across both covered venues expire on very different timescales. Where FPT applies different cutoffs to different market types, the applicable cutoff will be shown for the specific market in the dashboard, not left to be inferred.
3.4. The restriction applies to opening exposure. Where the platform permits it, closing or reducing an existing position is treated separately from opening a new one. The precise treatment of exits inside the cutoff window will be published alongside the cutoff itself.
4. Markets in Resolution or Dispute
4.1. A market that has expired and is awaiting resolution is not tradeable on FPT.
4.2. A market whose resolution is disputed, delayed, corrected or withdrawn at its source may be restricted, suspended or removed from the FPT tradeable set while the position is reviewed. See Market Resolution and Data Dependencies.
4.3. Where a resolution at the underlying source is later corrected, FPT may adjust the corresponding simulated position or account record so the account reflects the corrected outcome rather than the erroneous one.
5. How the Restriction Is Enforced
5.1. The restriction is enforced by the FPT trading system, not by trader discretion. An order that would open a new position inside the cutoff is blocked before it is accepted.
5.2. The dashboard indicates, on the market itself, that a market is approaching or inside its restricted window, so the limit is visible before you build an order rather than only at submission.
5.3. A blocked order is not queued for later and does not become live when the market resolves.
6. What This Restriction Does Not Do
6.1. It does not change your position limits. Your allowed position size remains the lower of your account max open size or 5% of that market's trailing 24-hour volume, exactly as set out in Max Open Size and Market-Volume Limits.
6.2. It does not change your evaluation objectives. The profit target, maximum loss, end-of-day trailing drawdown, 40% consistency rule and five-profitable-day requirement are unaffected. See Complete Evaluation Rules by Account Size.
6.3. It does not guarantee that a market will remain tradeable up to the cutoff. A market may be restricted earlier for other reasons — thin volume, degraded data, or a temporary platform restriction. See Temporary Market Restrictions.
7. Attempting to Work Around the Restriction
7.1. Systematically probing for markets whose expiration metadata is missing or wrong, in order to enter positions that the cutoff was designed to prevent, is prohibited conduct.
7.2. Coordinating entries across duplicate profiles or related accounts to obtain exposure that a single account could not lawfully open near expiration is prohibited conduct.
7.3. Both are treated under Good-Faith Trading and Prohibited Conduct and may result in review, denial of a payout, or termination of the account, regardless of whether any individual order was technically accepted by the system.
8. What FPT Will Publish Before Launch
8.1. The exact late-entry cutoff, stated as a definite period before expiration.
8.2. Whether that cutoff is uniform across all covered markets or varies by market type, and where the applicable value is displayed.
8.3. The treatment of closing or reducing an existing position inside the cutoff window.
8.4. When these are published, this article's version number and effective date will be updated, and the change will appear in the Current FPT Scale Rules Index.
9. Changes to This Article
9.1. Timing restrictions are risk controls and apply to all accounts from their effective date, with dashboard notice before a tightening takes effect.
9.2. Each purchase records the version of this article in force at the time. A material change bumps the version number; a non-material change updates the last-updated date only.
Still Need Help?
If an order was blocked near a market's expiration and you want to confirm why, email support@fundedpredictiontrader.com with the market and the time of the order.