> 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 resolve through a three-step process. **First**, an event needs to occur. It must be something that meets the market's resolution criteria, such as a qualifying event or the market's deadline passing. **Next**, someone submits a proposal to request that the market resolve based on the event. **Finally**, if the proposal is accepted, the market resolves and traders are paid out. In the following chapters, we'll explore each step of market resolution in detail.