How Resolution Works

Each prediction market on Blizz Markets has a defined resolution time and clear resolution criteria. When the resolution time is reached, any participant can propose the outcome through the UMA Optimistic Oracle by posting the required assertion bond.

Resolution is supported by two mechanisms:

UMA Optimistic Oracle: Proposed resolutions are subject to a dispute window. Anyone can challenge a proposed outcome by posting a bond.
Emergency backstop: A time-locked emergency path may be used only as an operational backstop if the oracle 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, the market may be voided and an emergency refund issued.

Resolution Timeline

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

2. Resolution Submission: Any participant may propose the outcome through UMA by posting a resolution bond.

3. Dispute Window: The challenge window scales with market open interest. Larger markets have longer dispute windows.

4. Redemption: Once the UMA 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, anyone can dispute a proposed resolution by posting a bond during the dispute window. Disputes are escalated to UMA's decentralized verification mechanism (DVM), where UMA token holders vote on the correct outcome.

Market Creators do not control the outcome of their markets and have no override, tiebreak, or special resolution right.

Contact

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