Direct answer
A prediction market at 99¢ is not automatically resolved. It means the market is priced very close to YES, but official resolution requires upstream confirmation: closed status, resolved outcome, UMA settlement, or the specified source rule. Until then, the safe label is priced-in or rail-pinned, not resolved.
The pinned-price verification loop
The safest prediction-market workflow separates attention, evidence, source quality, and next action. A probability move can be important, but it is not useful until the market is liquid enough, the rule is clear enough, and the user knows what to verify next.
- Check whether the upstream market is closed.
- Check whether UMA or the venue has posted a settled outcome.
- Read the exact resolution source and event date.
- Separate near-rail price from official settlement in the UI.
- Keep expired-but-unresolved markets in a verification queue.
What to verify before trusting the move
Good research tools keep the boring details visible. Expiry, resolution source, official status, spread, liquidity, and related markets often explain why a headline probability should be treated carefully.
- Whether closed=true or resolvedOutcome is present.
- Whether UMA status is proposed, disputed, settled, or absent.
- Whether the event date has passed but official source confirmation is missing.
- Whether related markets have different rules or expiry times.
How Orrery handles it
Orrery's status engine separates source status from derived Orrery status. A near-zero or near-one market can show a rail-pinned warning while remaining unresolved, which protects users from treating price as settlement.
Orrery is not a broker and does not provide trade recommendations. It ranks research work, explains market structure, and keeps resolution rules visible so humans and agents can make better verification decisions.
FAQ
Does 99¢ mean a prediction market is over?
No. It usually means the market strongly prices one outcome, but the market may still need official resolution.
What should a UI say for a 1¢ market?
It should say priced-out or rail-pinned unless the source explicitly marks it resolved.
Why does this matter?
Because users can misread priced-in markets as settled and miss disputes, rule differences, or delayed official confirmation.