Market Rules & Resolution Policy

1. Rule hierarchy

• Specific market rule text shown on the event page.
• Outcome definitions and strike conditions shown in the market instrument.
• This Market Rules & Resolution Policy.
• Terms & Conditions.

2. Market definition and interpretation

Markets are interpreted using the plain-language text displayed at listing time, read in the context of disclosed market conditions. Pariflow may correct typographical errors, malformed dates, clearly contradictory fields, or obvious mechanical defects where necessary to avoid abusive or impossible settlement outcomes.

3. Official source hierarchy

Unless market-specific rules provide otherwise, outcomes are resolved using the following source order: designated primary source, designated backup source, reputable official publication, then discretionary adjudication by Pariflow where no reliable source exists or sources conflict materially.

4. Timestamp and cutoff rules

Resolution uses the event deadline and timezone shown on the market. If a source publishes a result after deadline, the rule specified for that market controls whether delayed publication is accepted. If no explicit rule exists, Pariflow may apply a reasonable grace window.

5. Data revisions and corrections

If a designated source revises reported data after provisional or final settlement, Pariflow may reopen adjudication, adjust outcomes, and rebalance settlements where needed to preserve rule-consistent resolution integrity.

6. Ambiguous or disputed outcomes

If source data is ambiguous, unavailable, or contested, Pariflow may delay settlement, request additional evidence, seek independent confirmation, or designate a neutral fallback source. During dispute windows, trading controls may be applied.

7. Market cancellation and nullification

Markets may be canceled or nullified for listing defects, duplicate listings, corrupted instrument parameters, source unavailability, force majeure impacts, legal/regulatory issues, manipulation incidents, or settlement impossibility. Canceled markets are settled according to cancellation rules, which may include refund or zero-net payout logic.

8. Outcome validation windows

Pariflow may apply provisional and final states. Provisional resolution can be adjusted before finalization. Finalization occurs when validation windows, control checks, and compliance gates are complete.

9. Settlement mechanics

Settlement values are calculated using outcome payout formulas disclosed for the market. Rounding conventions, precision handling, and fee deductions follow platform accounting standards. Settlement posting may be delayed for reconciliation, anti-fraud, or compliance review.

10. Finality and correction override

Final settlement is binding except where mandatory law, manifest error, source reversal, fraud findings, or operational integrity controls require correction. Correction authority is further defined in the Execution & Error Trade Policy.

11. Control rights during exceptional events

During extraordinary events, Pariflow may halt markets, restrict order types, enforce close-only operation, suspend settlement posting, or cancel affected markets to preserve fairness, legal compliance, and systemic stability.