Proposal

After a qualifying event, the market is ready for a proposal.

How do proposals work?

To submit a proposal, a user provides an answer and posts a bond. If the proposal is correct, the proposer receives their bond back plus a reward. If it is incorrect, they lose their bond.

Example: A user submits a Yes proposal for Super Bowl Champion 2026 (Buffalo Bills) and posts a $750 bond.

What happens after a proposal is submitted?

After a proposal is submitted, it enters a challenge period. During this time, anyone can dispute the proposal by posting a bond. Once the challenge period ends, the proposal can no longer be disputed.

Example: After the Super Bowl Champion 2026 (Buffalo Bills) – Yes proposal is submitted, it can be disputed within a 2-hour window.

What happens if the proposal goes undisputed?

If the proposal goes undisputed, it is accepted and finalized as the market's outcome.

Example: No one disputes the Yes proposal for Super Bowl Champion 2026 (Buffalo Bills) during the challenge period. The Yes outcome is finalized.

What happens if the proposal is disputed?

If a proposal is disputed, it enters a discussion period. After the discussion, UMA voters determine how the market should resolve.

Example: Someone disputes the Yes proposal for Super Bowl Champion 2026 (Buffalo Bills). After discussion, UMA voters vote on the outcome.

What happens after the vote?

The winning answer is finalized as the market's outcome.

Example: If UMA voters determine that Super Bowl Champion 2026 (Buffalo Bills) should resolve No, the No outcome is finalized.