Market resolution
A bet is only as good as the payout at the end. So here's exactly how Kohana decides who won, and why you can trust the call.
How it plays out
Trading closes on the market's own schedule. Nobody can stretch it or cut it short. The winning outcome is then proposed against the source the market named up front.
Then comes the important bit: a window, around 12 hours, where the result can be challenged before a single dollar moves. If nothing's wrong, the market settles.
You can challenge a wrong result
That window is the whole point. If the proposed outcome looks off, it can be flagged before any money changes hands.
And the right people do the policing. Only traders who actually bet in the market can dispute it, one challenge each. No outsiders piling on, no spam. The people with money on the line are exactly the ones motivated to catch a bad call.
Honest challenges cost you nothing. Bad-faith ones do: cry wolf enough times and you lose the ability to dispute at all.
Most markets settle themselves
If the window closes with no objection, the market settles automatically, with nobody at Kohana involved. That's how the vast majority go.
Winners are paid in minutes, straight to their balance, not stuck behind a support queue.
All-or-nothing, never half-paid
When a market settles, the result and every payout lock in together, in one step. There's no in-between where some winners get paid and others are left hanging. And nobody is ever paid twice.
The math is simple: every share in the winning outcome pays $1.00 out of the escrow pot. Every losing share pays $0.00.
What if a market is abandoned?
Markets don't just vanish. If a creator goes quiet, there's a fallback.
Public markets can be resolved by the people who bet in them after a wait. Quiet private ones auto-void and refund, generally within 30 days. On any void, the escrow is split straight back to holders in proportion to what they hold, and the pot lands at exactly zero. Everyone gets their stake back.
Who makes the final call
Most of the time, no one does, it's automatic. When a result is genuinely disputed, a Kohana review team makes the final ruling, a human call against the market's stated criteria, in the open. We don't pretend a robot settles the hard ones.
Private markets are different by design. Spin one up for your friends and you settle it yourself, that's the trade-off for a market only your group can see.