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.