CoinTelegraph
Polymarket switched to cancel-only mode after reporting a major trading API outage and paused relay actions while it investigates the incident. The platform has not provided further details in the announcement.
Why it matters
Cancel-only mode restricts trading: users can cancel existing orders, but cannot place new ones through the affected trading flow. Pausing relay actions adds another operational constraint while the API issue is investigated.
Market impact
The outage disrupts trading on Polymarket prediction markets, though the announcement does not specify its duration or the number of users affected. Traders are left waiting for the platform to restore normal order placement and relay activity.
Frequently asked questions
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What trading mode did Polymarket activate during the API outage?
Polymarket switched to cancel-only mode, which allows cancellations but restricts new order placement through the affected trading flow.
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What happened to Polymarket relay actions?
Polymarket paused relay actions while it investigates the trading API outage.
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Can users cancel existing Polymarket orders?
Yes. In cancel-only mode, users can cancel existing orders, while placing new orders is restricted.
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Has Polymarket said when normal trading will resume?
The announcement does not provide a timeline for restoring normal trading or relay activity.
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Does the announcement say how many Polymarket users are affected?
No. It reports a major trading API outage but does not specify the number of users affected.
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