Resolution
How is a 369X market resolved?
Trading stops 1 hour before expiry. After the event, a resolver proposes the outcome and locks a $100 bond. Anyone can challenge within 48 hours by posting a matching bond. Unchallenged proposals become final; disputed ones go to the resolver panel, and after token launch to staked-$369X voting.
Timeline
Every market takes the same path.
- 01
Question
A market asks one question with a fixed end date and a named source of truth. Example: will the home side win Saturday’s final, as recorded in the league’s official result?
- 02
Trade
While the market is open, the LMSR market maker quotes YES and NO. You can buy from $1 and sell back at the live price. Each buy and sell pays the 2% fee.
- 03
Cut-off
Trading freezes 1 hour before expiry, so nobody can trade on last-second information or push the price at the close.
- 04
Proposal
After the event, a resolver proposes the outcome and locks a $100 bond. Proposing a false result puts that bond at risk.
- 05
Challenge window
For 48 hours anyone can dispute the proposal by posting a matching bond. Disputes go to the resolver panel and, after token launch, to staked-$369X voting.
- 06
Final
If nobody challenges, the outcome becomes final. The honest proposer gets the bond back with a reward; a dishonest one loses it to the first honest challenger.
- 07
Claim
Each winning share redeems for $1 of the settlement stablecoin. Losing shares pay nothing. You claim from the contract to your own wallet.
- ↳
Void branch
If a market cannot be resolved against its source, it is voided. You can reclaim what you paid for the shares you still hold. Trading fees and network gas are not refunded.
It starts before trading: the resolution source
Every market names its end date and the public source that will decide it before it goes live, and review rejects questions that don’t. Resolution is then a matter of reading that source, not of opinion. A market asking “per the league’s official match report” resolves on that report even if a broadcaster says otherwise.
How the bonds make lying expensive
Honest proposer
If nobody challenges within 48 hours, the outcome becomes final and the proposer gets the $100 bond back, plus a reward.
Dishonest proposer
A false proposal loses its bond to the first honest challenger. Lying costs money, and correcting a lie pays.
What happens in a dispute
A challenger posts a bond equal to the proposer’s. The dispute then goes to a panel of whitelisted resolvers. After token launch, disputes can escalate to voting by staked $369X, and dishonest resolvers can be slashed. Resolver-panel selection and appeal rules are announced before mainnet.
Automated data feeds for sports and crypto results are planned, with an AI-assisted oracle and human dispute backstop proposed for year two.
When a market is voided
If a market can’t be resolved against its named source (the event is cancelled, or the source never publishes), it is voided. You can reclaim what you paid for the shares you still hold. Trading fees and network gas are not refunded, and shares you already sold stay sold. The design refunds each holder’s own purchase amount for shares still held; no pro-rata formula across all holders has been published.
Claims don’t pause
An emergency pause can stop trading, but claims, refunds and disputes are designed to keep working through it. The pause itself expires automatically after 7 days. Security controls.
What can still go wrong
A wrong outcome can become final
If a false proposal goes unchallenged for 48 hours, it finalises. The system depends on someone watching and being willing to post a bond.
- A source can publish late, correct itself or disappear, which can delay or void a market.
- A dispute adds time before anyone can claim.
- Resolution rules are an intended design until audited contracts are published.