COMPANY / RESEARCH / ARTICLE

From Public Record to Market Resolution

Prediction markets settle against questions defined before trading begins. AppliedXL supports that process by monitoring the public record, evaluating evidence against the contract terms, and producing a documented resolution recommendation. The exchange independently reviews the analysis and remains the sole and final adjudicator under its rules.

This example shows how the process may apply to a market tied to a clinical-trial outcome. All names, figures, dates, prices, and disclosures shown below are illustrative unless otherwise identified.

01Monitoring

Relevant public sources are monitored over time.

AppliedXL monitors public clinical, regulatory, and scientific sources for developments that may affect existing or potential markets, including trial updates, amendments, regulatory records, and announced results. Most updates are not relevant to an open market. Potentially material events are flagged for review rather than treated as conclusive.

The process is limited to public information. AppliedXL does not use identifiable patient data, confidential clinical records, material nonpublic information, or undisclosed information from sponsors or other third parties.

MONITORING · LAST 24 HRS
0+12Trial updates
0+47Company announcements
0−4Sci. abstracts
0+8Reg. filings
0+2Flagged for review
02Curation

Potential markets are evaluated before listing.

Before a market is listed, potential contracts are assessed for whether the outcome can be defined objectively, the endpoints and timing are clear, the controlling public sources can be identified, and potential effects on patients, recruitment, investigators, or clinical conduct have been considered. AppliedXL may evaluate candidates and provide recommendations. The exchange independently decides which markets to list and sets the final contract terms.

Candidate A · late-stage trial with predefined endpoints
Fixed design at listing Recruitment complete Clearly defined endpoint Identified public source Defined reporting window
Candidate B · trial with an adaptive design
Fixed design Recruitment complete Clearly defined endpoint Public source available Reporting window defined
Candidate C · trial with uncertain recruitment and timing
Recruitment complete Defined reporting window Clearly defined endpoint No recruitment concerns
03Contract Terms

The controlling terms are established before trading begins.

Before trading begins, the official contract defines the question, what constitutes YES and NO, the event deadline, the controlling sources, the applicable endpoint criteria, and how amendments, delays, corrections, or conflicting records will be handled. Those terms, together with the exchange’s rules, govern the outcome. Tap the card.

Exchange · TRIALRESULTSLive
Will [Drug] for [Disease] meet both specified primary endpoints in its Phase 3 trial by [Date]?
41¢Tap for resolution basis →
The displayed price represents current trading activity. It does not determine how the contract resolves.
Resolution basis · established at listing
Controlling sourcesThe public sources identified in the official contract terms
Required resultBoth specified primary endpoints meet the criteria defined in the contract
Applicable disclosureThe result reported through the source hierarchy named in the contract
Event deadlineThe qualifying result must be publicly reported by the deadline
Review periodThe exchange may take time after the deadline to assess the record; it does not extend the deadline
◆ The official exchange contract terms and rules govern in every case
04Evidence Review

Potentially decisive information is checked against the contract terms.

When potentially decisive information becomes public, AppliedXL compares the evidence with the criteria established in the contract. Company language alone does not determine the result. The analysis focuses on the underlying endpoint data, publication timing, controlling sources, and any other conditions required by the contract.

Company disclosure · detected Aug 1 2026
"Pivotal trial delivers encouraging results and may support a new treatment option."

…median overall survival did not reach statistical significance (HR 0.91, p = 0.14) versus the control arm…

Resolution check Tracking resolution
Baseline · locked at listing Reported · what came in Audit
05Human Review

A specialist reviews the analysis before it is submitted to the exchange.

A qualified reviewer examines the contract terms, public sources, extracted evidence, timestamps, amendments, and any conflicting records before signing the recommended determination. The basis for the recommendation is recorded in a time-stamped audit trail. This completes AppliedXL’s analysis but does not settle the contract.

Monitoring
Curation
Contract
locked
Evidence
decisive
Sign-off
Exchange
AnalysisReviewer · biopharma resolution desk
Recommended determination
NO — a required primary endpoint was not met; the disclosure was also published after the stated deadline
AppliedXL reviewers are prohibited from trading in prediction markets and may not hold a financial interest in the outcome.
Audit trail · AppliedXL · immutableISSUED
sourceprimary records captured · registry + sponsor disclosure (sha256 7b1d…)
checkedeach criterion matched against the record · verdict decisive
signedreviewer confirmed · no override
issuedrecommended determination + evidence trail → exchange
▼ submitted to the exchange
Exchange outcome review · independentSETTLED
receivedthe exchange ingests the recommended determination + evidence
reviewedindependent review under the contract terms and exchange rules · the exchange may accept, request further evidence, or reach a different conclusion
finalizedthe exchange finalizes the outcome · contracts pay out NO
06Exchange Review

The exchange independently determines and finalizes the outcome.

AppliedXL submits its recommendation and supporting evidence to the exchange. The exchange independently reviews the record and may accept the recommendation, request additional evidence, or reach a different conclusion under its rules. The exchange remains the sole and final adjudicator, and no contract pays out until it finalizes the outcome.

A documented path from source to recommendation.

The record shows which sources controlled, what evidence was found, how it was evaluated, who reviewed it, and what recommendation was submitted to the exchange.

Every settlement, this defensible.

Source-linked resolution for event markets — from continuous monitoring to a signed, auditable record.