Trust & Resolution

Market: "BTC price at 5:00 PM UTC"
Bidding deadline: 5:00 PM UTC

4:59 PM: Trading open ✅
5:00 PM: Trading closed ❌
5:01 PM: Awaiting resolution

Resolution time: 5:00 PM UTC (predefined in market)
Condition: Time must be crossed before resolution can be called
Oracle reports: BTC = $97,245.67

Outcome: $97,245.67
Winning range: $97,200 - $97,300 (bucket #47)

All shares in bucket #47 are now redeemable for $1 each
All shares in other buckets are worth $0

Your position: 500 shares in $97,200 - $97,300
Outcome: $97,245.67 ✅ In your range!
Payout: 500 × $1 = $500 USDC

Click "Claim" → USDC sent to your wallet

Primary: Pyth Network (decentralized price feeds)
Backup: Chainlink oracles
Aggregation: Median of multiple sources

Source: NOAA (National Oceanic and Atmospheric Administration)
Verification: Weather.gov official data
Cross-check: Multiple weather services

Source: Official announcements
Criteria: Pre-defined resolution rules
Verification: Multiple reputable news sources

✅ "BTC/USD price on Binance at exactly 5:00:00 PM UTC"
✅ "Official high temperature recorded at JFK airport on Dec 15"
✅ "Date of first public availability per OpenAI blog post"

❌ "When BTC moons" (undefined)
❌ "Tomorrow's weather" (which tomorrow? which location?)
❌ "When the product launches" (beta? limited? general?)

Boundaries: $97,000.00 | $97,100.00 | $97,200.00
Outcome: $97,100.00

Rule: Lower bound inclusive, upper bound exclusive
$97,100.00 falls into: $97,100 - $97,200 bucket ✅

Scenario: Primary oracle is down at resolution time

Fallback sequence:
1. Wait for primary oracle (15 min grace period)
2. Use backup oracle
3. Use manual resolution by governance
4. If unresolvable: Refund all positions

Market range: $90,000 - $110,000
Outcome: $85,000 (below range!)

Resolution: The "Below $90,000" bucket wins
Rationale: Markets include "catch-all" buckets for outliers

If nobody bet on this bucket:
- No traders win
- Liquidity providers keep the pool (minus fees)

Resolution posted: Bucket #47 wins
Challenge window: 24 hours

During this window:
- Anyone can submit a dispute
- Dispute requires stake (prevents spam)

Disputer claims: "Oracle was wrong, actual price was $96,999"
Evidence required: 
- Screenshots from multiple exchanges
- Timestamp proof
- Alternative oracle data

If dispute is valid:
- Resolution is corrected
- Disputer gets stake back + reward
- Original resolution voided

If dispute is invalid:
- Original resolution stands
- Disputer loses stake

✅ Resolution only after resolution_time
✅ Cannot resolve twice
✅ Cannot change outcome after resolution
✅ Payout amounts fixed at bet time (not resolution)

✅ Multi-oracle aggregation
✅ Staleness checks (reject old data)
✅ Sanity bounds (reject impossible values)
✅ Fallback mechanisms

✅ Dispute mechanism
✅ Emergency pause capability
✅ Upgrade timelock (7 days)