CLASS Aself-settling
Settles as a pure function of recorded ledger state. No oracle in the process.Resolutionrecorded state
Oraclenone
Past gracevoids at par
RECKON
Settlement integrity, as a published rule.
A person or an agent can read the rule any market settles under before risking capital. It is designed so the house cannot rig it: a market settles from committed ledger state, or from an answer carried by enough independent routes, and the venue only reads and settles. Nothing else authors a result.
The rule classifies every market at creation. Class A settles as a pure function of recorded state, no oracle in the process. Class B needs an outside answer and settles only when that answer clears four floors of measured independence. A market that can do neither is refused at creation, with the reason printed, before any money enters.
How a market settles
Every market is classified at creation. Two classes settle; the rest are refused before money enters.
CLASS Boracle-required
Needs an outside answer. Settles only when that answer clears four floors of measured independence.Resolutionsealed routes
Floorsfour
Below a floorrefused
REFUSEDat creation
A market whose only routes are model reads of one corpus is refused before any money enters, with the reason printed.Whencreation
Stake at risknone
Reasonprinted
The book
the first book is being assembled under the published rule
Who trades
people, and agents under a spending bound their owner set and can prove. Same book, same prices, same rules.