How Markets Resolve

When a market's window closes:

• Window closes. No new positions. In Phase 2, the order book freezes.
• Revere computes the result. Spend Market's oracle produces the value for the market's chosen metric over its window. See Data & Revere.
• Resolution. The market resolves to the winning outcome per the rules printed on its page. Markets are reviewed and resolved by the Spend Market team at launch.
• Payouts. Winning tokens redeem for $1.00 each, with the 1% net-profit fee applied only to your winnings (see Fees); losing tokens go to zero. Payouts typically complete at time of market resolution.

Tie handling. A tie refunds all positions in full. This covers Versus and Ranking. In Target markets, a result exactly at the threshold resolves on the stated operator (≥ resolves YES; > does not). Every market's rules state the exact operator.

Threshold language. Spend Market always uses unambiguous operators: ≥, ≤, >, <, or "exactly." Never "approximately," "around," or "about."

Disputes. If you think a market resolved incorrectly, email [e-mail] within 7 days. The Spend Market team reviews the data against the rules and responds.