How Resolution Works

Each prediction market on Blizz Markets has a defined resolution time and clear resolution criteria. When the resolution time is reached, the market owner can request resolution through the Blizz assisted resolution flow. The authorized relayer reviews the request, checks current market state, and submits the outcome through UMA where applicable.

Resolution is supported by two mechanisms:

UMA Optimistic Oracle: Proposed resolutions are subject to UMA's challenge and settlement process where the market uses the UMA path.
Emergency backstop: A time-locked emergency path may be used only as an operational backstop if the normal resolution path fails or a market cannot resolve normally.

Resolution Criteria

Every market must have clear, unambiguous resolution criteria visible before trading begins. The market question and resolution source are defined at creation time and cannot be changed after the market is seeded.

Traders should review the market question carefully before taking a position. If the resolution criteria are ambiguous or the normal resolution path cannot complete, the market may be handled through the emergency path described in the Terms and Refund Policy.

Resolution Timeline

1. Resolution Time: Markets become eligible for resolution after the specified resolution time.

2. Resolution Request: The market owner can request resolution through the assisted owner flow after the deadline.

3. Oracle Submission: The relayer submits the outcome through the configured oracle path where applicable, with challenge and settlement handled by the oracle process.

4. Redemption: Once the outcome is final, winning outcome-token holders can redeem each winning token for USDC. Losing tokens have no redemption value.

Sports Markets

Sports markets use the same prediction market resolution flow as every other market. Resolution is based on official league, tournament, or governing-body records and reputable public reporting.

Dispute Process

For markets using the UMA Optimistic Oracle, proposed outcomes follow UMA's dispute and settlement rules. A successful dispute may escalate through UMA's decentralized verification process.

Market owners can initiate a resolution request, but they do not have a unilateral override, tiebreak, or final determination right.

Contact

If you believe a market has been resolved incorrectly, or have questions about resolution criteria, please contact us at legal@blizzmarkets.com.