How are prediction markets resolved?

In ForeGate，there are two different situations to resolve different markets. Markets with specific outcomes and markets without specific outcomes.

• Markets with specific outcomes: For ForeGate Markets, the platform will propose the outcome via oracle. For Creator Markets, creators need to resolve their markets with specific outcomes (Yes or No) within the time requirement.

• Markets without specific outcomes: The markets will be settled at the closing price.

ForeGate Market Resolution Process（Markets with specific outcomes）

Market Created：Users select markets and buy specific shares on it.

Market Close：Users cannot buy when time reaches close time. When the set time is reached, the market closes.

Market Resolution：For markets, ForeGate provides the outcome via the oracle.

Challenge Period（2 hours）：After the market closes, a 2-hour challenge period automatically begins. During this time, users holding shares of the market can dispute the results provided by the oracle and submit supporting evidence. (A challenge resolution requires a fee of 500 USDC/USDT, which will be refunded if the user wins; if unsuccessful, the deposit will be transferred to the platform's risk control fund.)

Verifying（24hours）：After the challenge period, the operation team will verify the resources and resolve the market with the final resolution in 24 hours.

Outcome&Payout：After verifying, users claim corresponding winnings when there's a final outcome.

ForeGate Creator Market Resolution Process（Markets with specific outcomes or Markets without specific outcomes）

Market Created：Creator creates the market according to platform specifications，and shifts the market to the public. Users can place bets on the market.

Market Close：Users cannot bet when the market reaches the close time creator set.

Market Resolution：For Creator markets, the Creator is responsible for delivering the outcome through the data source.When the result of a market becomes clear, creators select the correct answer and resolve the market at the closing time.If creators did not solve the market on time, markets without settlement results are settled at the closing market price (If the closing price is 0.3 for YES and 0.7 for NO, 30% of the pool funds will be used to settle the YES shares, and 70% of the pool funds will be used to settle the NO shares. ）

Challenge Period（2 hours）：After the market closes, a 2-hour challenge period automatically begins. During this time, users holding positions in the market share may raise objections to the creator's resolution. Initiating a challenge requires users to pay a deposit of 500 USDC/USDT and submit sources supporting an alternative outcome. If the challenge succeeds, the deposit is refunded; if it fails, the deposit is allocated to the platform's risk control fund.

Verifying（24 hours）：After the challenge period, the operation team verifies the resources and resolves the market with the final resolution.The platform intervenes and settles with the data source provided by the creator, which requires an additional 24 hours for review.Market orders without clear settlement results are settled at the closing market price (The closing price is based on the marginal price, and the remaining money in the LP pool belongs to the platform).

Outcome&Payout：After the market is settled, users can claim the corresponding amount.