> ## Documentation Index
> Fetch the complete documentation index at: https://docs.totalis.trade/llms.txt
> Use this file to discover all available pages before exploring further.

# FAQ

> Common questions about Totalis: what a parlay is, which markets are listed, how settlement and security work, fees, and regulatory status.

## What is Totalis?

Totalis is a derivatives layer for prediction markets. You pick outcomes across multiple markets and
venues, combine them into a single bet called a **parlay**, and market makers compete to give you
the best payout odds.

Trades run on Totalis infrastructure: quote requests that market makers price, and non-custodial
Solana vaults for settlement. Kalshi and Polymarket are supported as underlying venues today, with
more to come.

## What is a parlay?

A parlay puts one or more predictions, called **legs**, into one bet. Every leg has to
win for the parlay to pay out. One loss loses the whole bet.

With more than one leg, each leg's odds compound into a larger combined payout, so the parlay
offers a higher reward. Because every leg must hit, it is also higher risk than a bet on any one
of those outcomes.

Leg and bet limits are on [Limits and fees](/solana/limits-and-fees).

## What markets does Totalis offer?

Totalis lists markets that are recurring, have reliable liquidity on the underlying platform, and
settle within 15 days. They span eight categories: politics, sports, crypto, finance, economics,
entertainment, weather, and tech.

For the current list, query [`GET /markets`](/solana/api-reference/markets/list) and filter with
`category` and `subcategory`. No API key needed.

## What chain are you on?

Solana. Vaults, positions, and settlements all execute on chain. Each participant has a persistent
vault that holds their collateral across positions.

## How does Totalis use its underlying markets?

Totalis uses prediction market platforms as data and resolution layers, not as execution venues.

It ingests market data (prices, probabilities, metadata) from platforms like Kalshi and Polymarket.
Those markets are the source of truth for event definitions and final outcomes.

Your parlay does not route to any underlying platform. The position is synthetic: it exists only
inside Totalis, which handles execution, clearing, and settlement, then pays out based on the
referenced markets' final outcome.

That design lets one parlay combine venues, avoids splitting liquidity across platforms, and allows
risk management across the whole portfolio.

## Can I not just do this on Kalshi?

Kalshi offers Combos. Totalis works differently:

| | Kalshi Combos | Totalis |
| - | - | - |
| What you combine | Kalshi's own contracts, sports first | Sports, crypto, weather, entertainment, and economic events, across venues in one parlay |
| How it is priced | Each combination trades as its own market with a dedicated order book, so the catalog is bounded by what the exchange lists | Market makers price any combination of outcomes through a quote request |

## How secure is it?

Totalis is non-custodial. Funds sit in on-chain Solana vaults the protocol controls, not in a
Totalis account. When a trade is matched, your stake and the maker's collateral lock together, in one
transaction, in those vaults. Neither side can move locked collateral unilaterally. Funds release at
settlement, on an early cashout, or when a leg is voided.

Signing is delegated, not surrendered. You grant Totalis permission to sign your trades inside a
secure enclave your private key never leaves, and you can revoke it at any time.

[Vaults and custody](/solana/guides/vault-architecture#what-totalis-can-and-cannot-do) lists what Totalis
can and cannot do with your funds.

## What happens if a market gets cancelled on the underlying venue?

If a market is cancelled or delisted before all legs in a parlay have resolved, Totalis detects the
invalid leg, cancels the position, and unlocks both your collateral and the market maker's. Nobody
loses funds to an external market cancellation.

## How does Totalis make money?

Two fees: a 1% taker fee on your bet amount, taken when the trade is placed and returned if the
parlay is voided, and a 1% fee on the profit earned by the winning side of each trade.

The formulas and a worked example are on [Limits and fees](/solana/limits-and-fees#fees).

## Is Totalis available to U.S. persons?

No. Totalis currently operates offshore and is not available to U.S. persons.

Totalis intends to pursue the registrations required to operate as a regulated event derivatives
platform in the U.S., including the appropriate CFTC licenses, as the product matures.

## Where do I report a problem?

For integration questions, email [founders@totalis.trade](mailto:founders@totalis.trade). Recent
changes to the API surface are listed on the [changelog](/solana/changelog).


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