> For the complete documentation index, see [llms.txt](https://polymarketguide.gitbook.io/polymarketguide/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://polymarketguide.gitbook.io/polymarketguide/resolution/how-do-markets-resolve.md).

# How Do Markets Resolve?

Markets using the **UMA Oracle** resolve through three main steps.

**First**, an event occurs that meets the market's resolution criteria. **Next**, someone submits a proposal. **Finally**, if the proposal is accepted, the outcome is finalized, the market resolves, and traders are paid out.

The following chapters explain each step in detail.

<figure><img src="https://3511841878-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwmHFi7NV8gmAN3L4jVKb%2Fuploads%2Fv8tjDDUxGDtPZ4z2hElP%2FFull%20Process.png?alt=media&amp;token=1af16527-dbf0-4df3-8e69-56c72fc17288" alt=""><figcaption></figcaption></figure>