> ## Documentation Index
> Fetch the complete documentation index at: https://docs.into.space/llms.txt
> Use this file to discover all available pages before exploring further.

# Invalid Markets

> When markets get voided and refunded

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

## 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

## 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.

## 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.