diff --git a/common/contract.ts b/common/contract.ts
index 77568f49..6e362de0 100644
--- a/common/contract.ts
+++ b/common/contract.ts
@@ -38,6 +38,8 @@ export type FullContract<
   T
 
 export type Contract = FullContract<DPM | CPMM, Binary | Multi | FreeResponse>
+export type BinaryContract = FullContract<DPM | CPMM, Binary>
+export type FreeResponseContract = FullContract<DPM | CPMM, FreeResponse>
 
 export type DPM = {
   mechanism: 'dpm-2'
@@ -61,18 +63,20 @@ export type Binary = {
   outcomeType: 'BINARY'
   initialProbability: number
   resolutionProbability?: number // Used for BINARY markets resolved to MKT
+  resolution?: 'YES' | 'NO' | 'MKT' | 'CANCEL'
 }
 
 export type Multi = {
   outcomeType: 'MULTI'
   multiOutcomes: string[] // Used for outcomeType 'MULTI'.
-  resolutions?: { [outcome: string]: number } // Used for PROB
+  resolutions?: { [outcome: string]: number } // Used for MKT resolution.
 }
 
 export type FreeResponse = {
   outcomeType: 'FREE_RESPONSE'
   answers: Answer[] // Used for outcomeType 'FREE_RESPONSE'.
-  resolutions?: { [outcome: string]: number } // Used for PROB
+  resolution?: string | 'MKT' | 'CANCEL'
+  resolutions?: { [outcome: string]: number } // Used for MKT resolution.
 }
 
 export type outcomeType = 'BINARY' | 'MULTI' | 'FREE_RESPONSE'
diff --git a/web/components/bet-panel.tsx b/web/components/bet-panel.tsx
index 4828913c..31d4b688 100644
--- a/web/components/bet-panel.tsx
+++ b/web/components/bet-panel.tsx
@@ -19,7 +19,7 @@ import { Bet } from '../../common/bet'
 import { placeBet, sellShares } from '../lib/firebase/api-call'
 import { BuyAmountInput, SellAmountInput } from './amount-input'
 import { InfoTooltip } from './info-tooltip'
-import { OutcomeLabel } from './outcome-label'
+import { BinaryOutcomeLabel, OutcomeLabel } from './outcome-label'
 import {
   calculatePayoutAfterCorrectBet,
   calculateShares,
@@ -58,7 +58,7 @@ export function BetPanel(props: {
           <Row className="items-center justify-between gap-2">
             <div>
               You have {formatWithCommas(Math.floor(shares))}{' '}
-              <OutcomeLabel outcome={sharesOutcome} /> shares
+              <BinaryOutcomeLabel outcome={sharesOutcome} /> shares
             </div>
 
             <button
@@ -147,7 +147,7 @@ export function BetPanelSwitcher(props: {
           <Row className="items-center justify-between gap-2">
             <div>
               You have {formatWithCommas(Math.floor(shares))}{' '}
-              <OutcomeLabel outcome={sharesOutcome} /> shares
+              <BinaryOutcomeLabel outcome={sharesOutcome} /> shares
             </div>
 
             <button
@@ -349,11 +349,12 @@ function BuyPanel(props: {
               {contract.mechanism === 'dpm-2' ? (
                 <>
                   Estimated
-                  <br /> payout if <OutcomeLabel outcome={betChoice ?? 'YES'} />
+                  <br /> payout if{' '}
+                  <BinaryOutcomeLabel outcome={betChoice ?? 'YES'} />
                 </>
               ) : (
                 <>
-                  Payout if <OutcomeLabel outcome={betChoice ?? 'YES'} />
+                  Payout if <BinaryOutcomeLabel outcome={betChoice ?? 'YES'} />
                 </>
               )}
             </div>
@@ -547,7 +548,12 @@ function SellSharesModal(props: {
 
         <div className="mb-6">
           You have {formatWithCommas(Math.floor(shares))}{' '}
-          <OutcomeLabel outcome={sharesOutcome} /> shares
+          <OutcomeLabel
+            outcome={sharesOutcome}
+            contract={contract}
+            truncate="long"
+          />{' '}
+          shares
         </div>
 
         <SellPanel
diff --git a/web/components/bets-list.tsx b/web/components/bets-list.tsx
index b86910d6..f661ac3f 100644
--- a/web/components/bets-list.tsx
+++ b/web/components/bets-list.tsx
@@ -250,11 +250,16 @@ function MyContractBets(props: {
           </Row>
 
           <Row className="flex-1 items-center gap-2 text-sm text-gray-500">
-            {isBinary && (
+            {(isBinary || resolution) && (
               <>
                 {resolution ? (
                   <div>
-                    Resolved <OutcomeLabel outcome={resolution} />
+                    Resolved{' '}
+                    <OutcomeLabel
+                      outcome={resolution}
+                      contract={contract}
+                      truncate="short"
+                    />
                   </div>
                 ) : (
                   <div className="text-primary text-lg">{probPercent}</div>
@@ -507,7 +512,15 @@ function BetRow(props: { bet: Bet; contract: Contract; saleBet?: Bet }) {
       </td>
       {isCPMM && <td>{shares >= 0 ? 'BUY' : 'SELL'}</td>}
       <td>
-        <OutcomeLabel outcome={outcome} />
+        {outcome === '0' ? (
+          'ANTE'
+        ) : (
+          <OutcomeLabel
+            outcome={outcome}
+            contract={contract}
+            truncate="short"
+          />
+        )}
       </td>
       <td>{formatMoney(Math.abs(amount))}</td>
       {!isCPMM && <td>{saleDisplay}</td>}
@@ -558,7 +571,8 @@ function SellButton(props: { contract: Contract; bet: Bet }) {
     >
       <div className="mb-4 text-2xl">
         Sell {formatWithCommas(shares)} shares of{' '}
-        <OutcomeLabel outcome={outcome} /> for {formatMoney(saleAmount)}?
+        <OutcomeLabel outcome={outcome} contract={contract} truncate="long" />{' '}
+        for {formatMoney(saleAmount)}?
       </div>
       {!!loanAmount && (
         <div className="mt-2">
diff --git a/web/components/contract/contract-card.tsx b/web/components/contract/contract-card.tsx
index 1d287920..e7447a6d 100644
--- a/web/components/contract/contract-card.tsx
+++ b/web/components/contract/contract-card.tsx
@@ -3,7 +3,7 @@ import Link from 'next/link'
 import { ClockIcon, DatabaseIcon, PencilIcon } from '@heroicons/react/outline'
 import { TrendingUpIcon } from '@heroicons/react/solid'
 import { Row } from '../layout/row'
-import { formatMoney, formatPercent } from '../../../common/util/format'
+import { formatMoney } from '../../../common/util/format'
 import { UserLink } from '../user-page'
 import {
   Contract,
@@ -19,10 +19,20 @@ import { fromNow } from '../../lib/util/time'
 import { Avatar } from '../avatar'
 import { Spacer } from '../layout/spacer'
 import { useState } from 'react'
-import { getProbability } from '../../../common/calculate'
 import { ContractInfoDialog } from './contract-info-dialog'
 import { Bet } from '../../../common/bet'
-import { DPM, FreeResponse, FullContract } from '../../../common/contract'
+import {
+  Binary,
+  CPMM,
+  DPM,
+  FreeResponse,
+  FreeResponseContract,
+  FullContract,
+} from '../../../common/contract'
+import {
+  BinaryContractOutcomeLabel,
+  FreeResponseOutcomeLabel,
+} from '../outcome-label'
 
 export function ContractCard(props: {
   contract: Contract
@@ -31,7 +41,7 @@ export function ContractCard(props: {
   className?: string
 }) {
   const { contract, showHotVolume, showCloseTime, className } = props
-  const { question, outcomeType } = contract
+  const { question, outcomeType, resolution } = contract
 
   return (
     <div>
@@ -64,71 +74,36 @@ export function ContractCard(props: {
           >
             {question}
           </p>
-          <ResolutionOrChance
-            className={clsx(
-              outcomeType === 'FREE_RESPONSE' ? 'items-start' : 'items-center'
-            )}
-            contract={contract}
-          />
+          {outcomeType === 'BINARY' && (
+            <BinaryResolutionOrChance
+              className="items-center"
+              contract={contract}
+            />
+          )}
+          {outcomeType === 'FREE_RESPONSE' && resolution && (
+            <FreeResponseResolution
+              contract={contract as FullContract<DPM, FreeResponse>}
+              resolution={resolution}
+              truncate="long"
+            />
+          )}
         </Row>
       </div>
     </div>
   )
 }
 
-function getAnswerResolutionText(
-  contract: FullContract<DPM, FreeResponse>,
-  resolution: string
-) {
-  const { answers } = contract
-  const chosen = answers?.find((answer) => answer.id === resolution)
-  if (chosen) {
-    return chosen.text.slice(0, 50)
-  }
-  return undefined
-}
-
-export function ResolutionOrChance(props: {
-  contract: Contract
+export function BinaryResolutionOrChance(props: {
+  contract: FullContract<DPM | CPMM, Binary>
   large?: boolean
   className?: string
 }) {
   const { contract, large, className } = props
-  const { resolution, outcomeType } = contract
-  const isBinary = outcomeType === 'BINARY'
+  const { resolution } = contract
+
   const marketClosed = (contract.closeTime || Infinity) < Date.now()
-
-  const resolutionColor =
-    {
-      YES: 'text-primary',
-      NO: 'text-red-400',
-      MKT: 'text-blue-400',
-      CANCEL: 'text-yellow-400',
-      '': '', // Empty if unresolved
-    }[resolution || ''] ?? 'text-primary'
-
   const probColor = marketClosed ? 'text-gray-400' : 'text-primary'
 
-  const resolutionText = {
-    YES: 'YES',
-    NO: 'NO',
-    MKT: isBinary
-      ? formatPercent(
-          contract.resolutionProbability ?? getProbability(contract)
-        )
-      : 'MULTI',
-    CANCEL: 'N/A',
-    '': '',
-  }[resolution || '']
-
-  const answerText =
-    resolution &&
-    outcomeType === 'FREE_RESPONSE' &&
-    getAnswerResolutionText(
-      contract as FullContract<DPM, FreeResponse>,
-      resolution
-    )
-
   return (
     <Col className={clsx(large ? 'text-4xl' : 'text-3xl', className)}>
       {resolution ? (
@@ -138,26 +113,41 @@ export function ResolutionOrChance(props: {
           >
             Resolved
           </div>
-          {resolutionText ? (
-            <div className={resolutionColor}>{resolutionText}</div>
-          ) : (
-            <div className={clsx(resolutionColor, 'text-xl')}>{answerText}</div>
-          )}
+          <BinaryContractOutcomeLabel
+            contract={contract}
+            resolution={resolution}
+          />
         </>
       ) : (
-        isBinary && (
-          <>
-            <div className={probColor}>{getBinaryProbPercent(contract)}</div>
-            <div className={clsx(probColor, large ? 'text-xl' : 'text-base')}>
-              chance
-            </div>
-          </>
-        )
+        <>
+          <div className={probColor}>{getBinaryProbPercent(contract)}</div>
+          <div className={clsx(probColor, large ? 'text-xl' : 'text-base')}>
+            chance
+          </div>
+        </>
       )}
     </Col>
   )
 }
 
+export function FreeResponseResolution(props: {
+  contract: FreeResponseContract
+  resolution: string
+  truncate: 'short' | 'long' | 'none'
+}) {
+  const { contract, resolution, truncate } = props
+  return (
+    <Col className="text-xl">
+      <div className={clsx('text-base text-gray-500')}>Resolved</div>
+      <FreeResponseOutcomeLabel
+        contract={contract}
+        resolution={resolution}
+        truncate={truncate}
+      />
+    </Col>
+  )
+}
+
 function AbbrContractDetails(props: {
   contract: Contract
   showHotVolume?: boolean
diff --git a/web/components/contract/contract-overview.tsx b/web/components/contract/contract-overview.tsx
index 77a234b3..9d795fcb 100644
--- a/web/components/contract/contract-overview.tsx
+++ b/web/components/contract/contract-overview.tsx
@@ -6,7 +6,11 @@ import { useUser } from '../../hooks/use-user'
 import { Row } from '../layout/row'
 import { Linkify } from '../linkify'
 import clsx from 'clsx'
-import { ContractDetails, ResolutionOrChance } from './contract-card'
+import {
+  FreeResponseResolution,
+  ContractDetails,
+  BinaryResolutionOrChance,
+} from './contract-card'
 import { Bet } from '../../../common/bet'
 import { Comment } from '../../../common/comment'
 import BetRow from '../bet-row'
@@ -21,7 +25,7 @@ export const ContractOverview = (props: {
   className?: string
 }) => {
   const { contract, bets, className } = props
-  const { question, creatorId, outcomeType } = contract
+  const { question, creatorId, outcomeType, resolution } = contract
 
   const user = useUser()
   const isCreator = user?.id === creatorId
@@ -36,7 +40,7 @@ export const ContractOverview = (props: {
           </div>
 
           {isBinary && (
-            <ResolutionOrChance
+            <BinaryResolutionOrChance
               className="hidden items-end xl:flex"
               contract={contract}
               large
@@ -46,14 +50,21 @@ export const ContractOverview = (props: {
 
         {isBinary ? (
           <Row className="items-center justify-between gap-4 xl:hidden">
-            <ResolutionOrChance contract={contract} />
+            <BinaryResolutionOrChance contract={contract} />
 
             {tradingAllowed(contract) && (
               <BetRow contract={contract} labelClassName="hidden" />
             )}
           </Row>
         ) : (
-          <ResolutionOrChance contract={contract} />
+          outcomeType === 'FREE_RESPONSE' &&
+          resolution && (
+            <FreeResponseResolution
+              contract={contract}
+              resolution={resolution}
+              truncate="none"
+            />
+          )
         )}
 
         <ContractDetails
diff --git a/web/components/feed/feed-items.tsx b/web/components/feed/feed-items.tsx
index 6a7f6763..c6a8aa6a 100644
--- a/web/components/feed/feed-items.tsx
+++ b/web/components/feed/feed-items.tsx
@@ -26,7 +26,7 @@ import { Row } from '../layout/row'
 import { createComment, MAX_COMMENT_LENGTH } from '../../lib/firebase/comments'
 import { formatMoney, formatPercent } from '../../../common/util/format'
 import { Comment } from '../../../common/comment'
-import { ResolutionOrChance } from '../contract/contract-card'
+import { BinaryResolutionOrChance } from '../contract/contract-card'
 import { SiteLink } from '../site-link'
 import { Col } from '../layout/col'
 import { UserLink } from '../user-page'
@@ -144,7 +144,12 @@ export function FeedComment(props: {
             {!hideOutcome && (
               <>
                 {' '}
-                of <OutcomeLabel outcome={outcome} />
+                of{' '}
+                <OutcomeLabel
+                  outcome={outcome}
+                  contract={contract}
+                  truncate="short"
+                />
               </>
             )}
             <RelativeTimestamp time={createdTime} />
@@ -227,7 +232,12 @@ export function FeedBet(props: {
           {!hideOutcome && (
             <>
               {' '}
-              of <OutcomeLabel outcome={outcome} />
+              of{' '}
+              <OutcomeLabel
+                outcome={outcome}
+                contract={contract}
+                truncate="short"
+              />
             </>
           )}
           <RelativeTimestamp time={createdTime} />
@@ -345,7 +355,10 @@ export function FeedQuestion(props: {
             </SiteLink>
           </Col>
           {isBinary && (
-            <ResolutionOrChance className="items-center" contract={contract} />
+            <BinaryResolutionOrChance
+              className="items-center"
+              contract={contract}
+            />
           )}
         </Col>
         {showDescription && (
@@ -449,7 +462,12 @@ function FeedResolve(props: { contract: Contract }) {
             name={creatorName}
             username={creatorUsername}
           />{' '}
-          resolved this market to <OutcomeLabel outcome={resolution} />{' '}
+          resolved this market to{' '}
+          <OutcomeLabel
+            outcome={resolution}
+            contract={contract}
+            truncate="long"
+          />{' '}
           <RelativeTimestamp time={contract.resolutionTime || 0} />
         </div>
       </div>
@@ -482,8 +500,12 @@ function FeedClose(props: { contract: Contract }) {
   )
 }
 
-function BetGroupSpan(props: { bets: Bet[]; outcome?: string }) {
-  const { bets, outcome } = props
+function BetGroupSpan(props: {
+  contract: Contract
+  bets: Bet[]
+  outcome?: string
+}) {
+  const { contract, bets, outcome } = props
 
   const numberTraders = _.uniqBy(bets, (b) => b.userId).length
 
@@ -501,7 +523,12 @@ function BetGroupSpan(props: { bets: Bet[]; outcome?: string }) {
       {outcome && (
         <>
           {' '}
-          of <OutcomeLabel outcome={outcome} />
+          of{' '}
+          <OutcomeLabel
+            outcome={outcome}
+            contract={contract}
+            truncate="short"
+          />
         </>
       )}{' '}
     </span>
@@ -513,7 +540,7 @@ function FeedBetGroup(props: {
   bets: Bet[]
   hideOutcome: boolean
 }) {
-  const { bets, hideOutcome } = props
+  const { contract, bets, hideOutcome } = props
 
   const betGroups = _.groupBy(bets, (bet) => bet.outcome)
   const outcomes = Object.keys(betGroups)
@@ -535,6 +562,7 @@ function FeedBetGroup(props: {
           {outcomes.map((outcome, index) => (
             <Fragment key={outcome}>
               <BetGroupSpan
+                contract={contract}
                 outcome={hideOutcome ? undefined : outcome}
                 bets={betGroups[outcome]}
               />
diff --git a/web/components/outcome-label.tsx b/web/components/outcome-label.tsx
index a86ab560..f4366360 100644
--- a/web/components/outcome-label.tsx
+++ b/web/components/outcome-label.tsx
@@ -1,13 +1,76 @@
+import { Answer } from '../../common/answer'
+import { getProbability } from '../../common/calculate'
+import {
+  Binary,
+  Contract,
+  CPMM,
+  DPM,
+  FreeResponse,
+  FreeResponseContract,
+  FullContract,
+} from '../../common/contract'
+import { formatPercent } from '../../common/util/format'
+
 export function OutcomeLabel(props: {
   outcome: 'YES' | 'NO' | 'CANCEL' | 'MKT' | string
+  contract: Contract
+  truncate: 'short' | 'long' | 'none'
+}) {
+  const { outcome, contract, truncate } = props
+
+  const binaryOutcomes = ['YES', 'NO', 'CANCEL', 'MKT']
+  if (binaryOutcomes.includes(outcome)) {
+    return <BinaryOutcomeLabel outcome={outcome as any} />
+  }
+
+  return (
+    <FreeResponseOutcomeLabel
+      contract={contract as FullContract<DPM, FreeResponse>}
+      resolution={outcome}
+      truncate={truncate}
+    />
+  )
+}
+
+export function BinaryOutcomeLabel(props: {
+  outcome: 'YES' | 'NO' | 'CANCEL' | 'MKT'
 }) {
   const { outcome } = props
 
   if (outcome === 'YES') return <YesLabel />
   if (outcome === 'NO') return <NoLabel />
   if (outcome === 'MKT') return <ProbLabel />
-  if (outcome === 'CANCEL') return <CancelLabel />
-  return <AnswerNumberLabel number={outcome} />
+  return <CancelLabel />
+}
+
+export function BinaryContractOutcomeLabel(props: {
+  contract: FullContract<DPM | CPMM, Binary>
+  resolution: 'YES' | 'NO' | 'CANCEL' | 'MKT'
+}) {
+  const { contract, resolution } = props
+
+  if (resolution === 'MKT') {
+    const prob = contract.resolutionProbability ?? getProbability(contract)
+    return <ProbPercentLabel prob={prob} />
+  }
+
+  return <BinaryOutcomeLabel outcome={resolution} />
+}
+
+export function FreeResponseOutcomeLabel(props: {
+  contract: FreeResponseContract
+  resolution: string | 'CANCEL' | 'MKT'
+  truncate: 'short' | 'long' | 'none'
+}) {
+  const { contract, resolution, truncate } = props
+
+  if (resolution === 'CANCEL') return <CancelLabel />
+  if (resolution === 'MKT') return <MultiLabel />
+
+  const { answers } = contract
+  const chosen = answers?.find((answer) => answer.id === resolution)
+  if (!chosen) return <AnswerNumberLabel number={resolution} />
+  return <AnswerLabel answer={chosen} truncate={truncate} />
 }
 
 export function YesLabel() {
@@ -26,6 +89,32 @@ export function ProbLabel() {
   return <span className="text-blue-400">PROB</span>
 }
 
+export function MultiLabel() {
+  return <span className="text-blue-400">MULTI</span>
+}
+
+export function ProbPercentLabel(props: { prob: number }) {
+  const { prob } = props
+  return <span className="text-blue-400">{formatPercent(prob)}</span>
+}
+
 export function AnswerNumberLabel(props: { number: string }) {
   return <span className="text-primary">#{props.number}</span>
 }
+
+export function AnswerLabel(props: {
+  answer: Answer
+  truncate: 'short' | 'long' | 'none'
+}) {
+  const { answer, truncate } = props
+  const { text } = answer
+
+  let truncated = text
+  if (truncate === 'short' && text.length > 20) {
+    truncated = text.slice(0, 10) + '...' + text.slice(-10)
+  } else if (truncate === 'long' && text.length > 75) {
+    truncated = text.slice(0, 75) + '...'
+  }
+
+  return <span className="text-primary">{truncated}</span>
+}
diff --git a/web/pages/embed/[username]/[contractSlug].tsx b/web/pages/embed/[username]/[contractSlug].tsx
index 1da6cdf2..3a7142ba 100644
--- a/web/pages/embed/[username]/[contractSlug].tsx
+++ b/web/pages/embed/[username]/[contractSlug].tsx
@@ -8,8 +8,9 @@ import {
 import { DOMAIN } from '../../../../common/envs/constants'
 import { AnswersGraph } from '../../../components/answers/answers-graph'
 import {
-  ResolutionOrChance,
+  BinaryResolutionOrChance,
   ContractDetails,
+  FreeResponseResolution,
 } from '../../../components/contract/contract-card'
 import { ContractProbGraph } from '../../../components/contract/contract-prob-graph'
 import { Col } from '../../../components/layout/col'
@@ -118,8 +119,14 @@ function ContractEmbed(props: { contract: Contract; bets: Bet[] }) {
             hideShareButtons
           />
 
-          {(isBinary || resolution) && (
-            <ResolutionOrChance contract={contract} />
+          {isBinary && <BinaryResolutionOrChance contract={contract} />}
+
+          {outcomeType === 'FREE_RESPONSE' && resolution && (
+            <FreeResponseResolution
+              contract={contract}
+              resolution={resolution}
+              truncate="long"
+            />
           )}
         </Row>