diff --git a/x/orderbook/keeper/participation.go b/x/orderbook/keeper/participation.go
index 6bf52ebb..87b6970b 100644
--- a/x/orderbook/keeper/participation.go
+++ b/x/orderbook/keeper/participation.go
@@ -189,6 +189,17 @@ func (k Keeper) CalcWithdrawalAmount(
 		return sdkmath.Int{}, sdkerrors.Wrapf(types.ErrMismatchInDepositorAddress, "%s", bp.ParticipantAddress)
 	}
 
+	bpE, err := k.GetExposureByOrderBookAndParticipationIndex(ctx, marketUID, participationIndex)
+	if err != nil {
+		return sdkmath.Int{}, sdkerrors.Wrapf(types.ErrParticipationExposuresNotFound, "%d", participationIndex)
+	}
+	if len(bpE) == 0 {
+		return sdkmath.Int{}, sdkerrors.Wrapf(types.ErrParticipationExposuresNotFound, "%d", participationIndex)
+	}
+	if bpE[0].Round != 1 {
+		return sdkmath.Int{}, sdkerrors.Wrapf(types.ErrWithdrawalNotAllowedPostRequeing, "%d", bpE[0].Round)
+	}
+
 	if mode == housetypes.WithdrawalMode_WITHDRAWAL_MODE_PARTIAL {
 		if bp.Liquidity.Sub(totalWithdrawnAmount).LT(amount) {
 			return sdkmath.Int{}, sdkerrors.Wrapf(types.ErrWithdrawalTooLarge, "%d", amount.Int64())
diff --git a/x/orderbook/types/errors.go b/x/orderbook/types/errors.go
index f73373ef..27ac7472 100644
--- a/x/orderbook/types/errors.go
+++ b/x/orderbook/types/errors.go
@@ -34,6 +34,7 @@ var (
 	ErrInsufficientFundToCoverPayout      = sdkerrors.Register(ModuleName, 6024, "insufficient fund in the participations to cover the payout")
 	ErrUnknownMarketStatus                = sdkerrors.Register(ModuleName, 6025, "unknown market status of orderbook settlement")
 	ErrWithdrawalTooLarge                 = sdkerrors.Register(ModuleName, 6026, "withdrawal is more than unused amount")
+	ErrWithdrawalNotAllowedPostRequeing   = sdkerrors.Register(ModuleName, 6027, "withdrawal is not allowed post requeing")
 )
 
 // ErrTextInvalidDepositor x/orderbook module sentinel error text