The Bayes Oracle is our system for bringing real-world data onto the blockchain to resolve markets. The integrity of a prediction market depends entirely on the reliability of its oracle.
Resolution Process
Every market's rules explicitly state the exact data source that will be used for resolution, ensuring the outcome is determined by objective facts. After an event concludes, our dedicated team retrieves the data from the specified source and uses the Bayes Oracle to submit the final outcome to the blockchain.
Dispute Window
To ensure fairness, there is a designated dispute window after a resolution is proposed. During this time, users can challenge the reported outcome by providing evidence that contradicts the proposed result by reaching out or submit a request.
Final Call
If a dispute is raised, the Bayes team will carefully review the evidence provided by the disputer and the original resolution data. After a thorough review, Bayes will make the final, binding call based on the clear, verifiable data sources defined in the market's rules. This process assumes the initial resolution is correct unless it is successfully challenged. We make the rules and references for this process clear and transparent.