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

# neg_risk_conversion

> Fires on neg-risk conversion events. Track hedging activity in multi-outcome markets.

<Note>**polynode exclusive** — no other Polymarket data provider offers NRC event webhooks.</Note>

## Filters

| Filter             | Type       | Description                |
| ------------------ | ---------- | -------------------------- |
| `wallet_addresses` | `string[]` | Wallets to watch. Max 500. |

## Payload

```json theme={null}
{
  "id": "evt_e5f6a7b8-9c0d-1e2f-3a4b-5c6d7e8f9a0b",
  "type": "neg_risk_conversion",
  "created_at": "2026-05-14T15:18:00.000000000+00:00",
  "data": {
    "wallet": "0xdb27bf2ac5d428a9c63dbc910c5e6e75560c0ae5",
    "market_id": "0xabc123...",
    "timestamp": "1778771000"
  }
}
```

## Use Cases

* Risk tracking: NRC events signal hedging in multi-outcome markets (elections, sports)
* Portfolio reconciliation: NRC changes on-chain token balances
* Derivatives analytics: track neg-risk position flows