Markets typically resolve within 5 minutes to 12 hours after the conclusion of the event. This timeframe allows Gowagr to verify the outcome using data from trusted, verifiable sources. In certain cases, resolution may take longer if additional verification is required to guarantee accuracy and fairness.
The resolution time is important because it defines the timeline of the market. Every market has a stated start and end time written in the market summary and rules.
Regardless of when a user places a trade, the resolution is always based on this timeline. Therefore, users should pay close attention to the market summary before placing trades.
For example:
If the market is titled “Will Wizkid post on X today?”, and it is set to resolve based on activity up until 11:59 PM today, then any post Wizkid makes during that day counts even if it was made before you joined the market.
So, if Wizkid had already posted earlier in the day before you bought a “No” position, your trade would unfortunately be incorrect because the post falls within the resolution period.
Always be sure to review the market summary and rules before trading.