Fireplace shuts down: users have until September 30 to withdraw funds and migrate positions

Fireplace, a professional trading terminal built on top of Polymarket’s prediction markets, announced on August 10 that it is shutting down. Trading on the platform stops August 15, and users have until September 30 at 23:59 UTC to close positions, withdraw funds, export account data, or migrate their holdings directly to Polymarket.

No automatic liquidations will occur. Fireplace is explicitly giving users time and tools to handle their own exit, which matters more than it might sound in a space where platform closures have occasionally left traders scrambling.

What users need to do before the deadline

The September 30 cutoff is firm, so the action items are worth spelling out clearly. Users can close open positions manually, withdraw cash balances, export account data for their records, or use the platform’s one-step migration to move both positions and cash directly into their Polymarket wallets.

Because Fireplace was built as a terminal layered over Polymarket’s infrastructure, migrating isn’t a complicated multi-step bridge process. The underlying positions already exist on-chain, so moving them over is closer to updating a routing preference than executing a cross-platform transfer.

Fireplace also noted it is open to developer interest in its technology, suggesting the codebase or tooling may find a second life rather than simply disappearing.

The announcement did not disclose specific reasons for the closure.

What Fireplace was, and why it existed

Fireplace positioned itself as a professional-grade interface for traders who found Polymarket’s native UI too basic. It offered features designed for active traders: better position management, more granular data views, and a cleaner workflow for managing multiple simultaneous markets.

A broader pattern in the prediction market space

Fireplace’s closure fits into a wider trend of project consolidation in 2026. Multiple prediction market-adjacent platforms have wound down this year.

For anyone currently holding positions on Fireplace, the timeline is clear: trading stops August 15, and the window to manage your exit runs through the end of September. The migration path to Polymarket is designed to be a single step. After September 30, the site goes dark.

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