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WFN QUICK BRIEF · UNDER 1 MIN
The short version
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What the primary record establishes
Trading stops after close_time. When a result is set, the market becomes determined and a settlement timer runs. A dispute can lead to disputed and amended. When positions are paid, the REST status is finalized and settlement_ts is populated. Kalshi · Market Lifecycle ↗
What the distinction changes
Users may see the published result before payment. A dashboard can expose closing time, result and settlement time as distinct fields. The stream’s settled event and the REST finalized status represent completion in different API surfaces.
What to check before drawing a conclusion
Test closing, determination, dispute and finalization in sequence. After reconnecting to a stream, reconcile the latest events with the current REST status and settlement timestamp.
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01 · VERIFIED RECORD
What the primary record establishes
Trading stops after close_time. When a result is set, the market becomes determined and a settlement timer runs. A dispute can lead to disputed and amended. When positions are paid, the REST status is finalized and settlement_ts is populated. Kalshi · Market Lifecycle ↗
02 · WFN EDITORIAL ANALYSIS
What the distinction changes
Users may see the published result before payment. A dashboard can expose closing time, result and settlement time as distinct fields. The stream’s settled event and the REST finalized status represent completion in different API surfaces.
03 · REVIEW POINTS
What to check before drawing a conclusion
Test closing, determination, dispute and finalization in sequence. After reconnecting to a stream, reconcile the latest events with the current REST status and settlement timestamp.
Original WFN vector illustrationWFN · 8 November 2026
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Editorial notePrimary sources and WFN analysis are identified in the article. Cover illustration by WFN.
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Primary-source explainer
Primary-source explainer
Primary record / reference periodKalshi · Market Lifecycle
