The Resolution Process

To review, the resolution process can be seen below:

In terms of timing, here's how long each step of the resolution process typically takes:

Once the final outcome is confirmed, the market resolves automatically.

The Second Proposal

After a proposal is disputed, it can be proposed again. If it is proposed again, the second proposal follows the same process and timeline as the first.

Second proposals are often submitted only after something has changed since the first proposal. Otherwise, they would be challenged for the same reason as before.

If the Second Proposal Goes Unchallenged

If the second proposal goes unchallenged, and nothing has changed between the two proposals, then the vote for the first proposal will automatically match the second proposal's outcome.

It is possible that the first proposal was too early while the second proposal was on time. In that case, the second proposal will have resolved the market, while the dispute vote will determine that the first proposal was too early.

If the Second Proposal Is Challenged

If the second proposal is challenged, it will also undergo its own discussion and separate vote. If nothing changed between the two proposals, both votes will likely reach the same conclusion.

The second proposal does not always resolve the market. If the qualifying event has not occurred, the market will remain unresolved. Once the market has resolved, all ongoing or future votes do not affect its outcome.

Summary

For a market to resolve, a proposal must be submitted and accepted. Once submitted, it has two hours to be challenged. If unchallenged, the market resolves automatically. If challenged, it undergoes a vote, and the vote determines how the market resolves.

After a proposal is disputed, it can be proposed again. The second proposal follows the same process as the first. If nothing changed between the first and second proposals, both will likely have the same vote outcome. If the event occurred since the first proposal, the second proposal can resolve the market, while the first proposal still completes its own vote based on the earlier state of information.