TradeX, event settlement typically occurs through a combination of automated processes and human oversight. Here's how it generally works:
Automated Processes: Many events can be settled automatically based on predefined criteria or data sources. For example:
In the case of a political election outcome, the market may settle based on official election results.
For sports events, settlement may occur based on the final score or outcome of the game, sourced from reliable sports data providers.
Human Oversight: In some cases, events may require human judgment to determine the outcome. This could happen when there's ambiguity or dispute surrounding the event. For example:
If there's uncertainty about the interpretation of an election result or if there are legal challenges, human judges may need to intervene to settle the market.
In cases where there's no clear resolution, such as with geopolitical events or natural disasters, a panel of experts or judges may be involved in determining the outcome based on available information and consensus.
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