Precedents

Before proposing, take time to understand how rules are applied.

Learn the rules language

If you've done the research into the subject, you still need to study the rules language carefully. Never assume that you understand what the resolution language means.

Example: In highest temperature markets, the market requires that all data for the date has been finalized. The data is only finalized once the first data point for the next date has been recorded.

Check the precedents

Take a look at previous precedents for similar markets. They often reveal timing patterns and interpretation details that matter when proposing.

Example: Earthquake markets have a 24-hour data finalization clause to account for adjustments to the earthquake magnitude. Proposing immediately after an earthquake has been registered will result in a dispute.

Look up previous disputes

Before proposing, check previous disputes in the same category. You can learn when a proposal might be too early.

Example: Before proposing a weather market, review past weather disputes to see how timing affected outcomes.