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Markets can be marked invalid if fair resolution isn’t possible.

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Conditions

Oracle Failure:
  • Insufficient data during TWAP window
  • Oracle permanently down
  • Data corrupted or clearly wrong
Ambiguous Criteria:
  • Resolution terms unclear
  • Interpretation disputed
  • Multiple valid interpretations
External Circumstances:
  • Event cancelled (e.g., game postponed indefinitely)
  • Force majeure
  • Unforeseen circumstances preventing resolution

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Settlement

All users receive full refunds: YES holders → refund purchase price NO holders → refund purchase price Fees → refunded No one profits, no one loses. Market treated as if it never existed.

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Integrity Controls

Multisig can mark markets invalid if:
  • Technical failure prevents fair resolution
  • Resolution would be clearly unjust
  • Community consensus that market should be voided
All invalid resolutions are logged and publicly visible.