# Settling a Market

## Settling your Markets

Once your market closes, it's your responsibility as the creator to settle it. 

Settlement is how the market's final outcome gets determined and payouts become available. You have 24 hours after the market closes to complete this process, otherwise you forfeit your initial liquidity (used to seed the market) and all participants are refunded.

### When Your Market Closes

After the close time passes, the market status changes from *Active Market* to *Pending Market*. The *Place a Trade* section is replaced with a card indicating the market is closed to new trades and is awaiting resolution.

If you're the market creator, you'll see a button here to settle the market.

### The Settlement Flow

Click *Settle Market* to open the settlement page. 

You'll see the following:

1. **AI Judge Configuration:** Confirms the model you selected during creation and whether verifiability is enabled. This is locked in because you chose it when you created the market.
2. **Settlement Prompt:** The full prompt you wrote during market creation, displayed for reference. There's a *Copy Prompt* button so you can easily copy it to use with the AI model.
3. **Model Output:** This is where you paste the result. The process differs depending on your settlement type:

Now its time to settle the market with your pre-selected non-verifiable or verifiable model. 

#### For Non-Verifiable Models

Copy your settlement prompt, run it through the cloud-hosted AI model you selected (e.g., GPT-5.3, Gemini 3, Claude 4.6) and paste the model's full response into the *Model Output* field. 

Since cloud-hosted models have tool access, they can fetch data from your specified sources directly as part of the prompt.

#### For Verifiable Models

First, manually retrieve the relevant data from the data sources you specified when creating the market. Append that data to the end of your settlement prompt (this is why the prompt you wrote at creation time includes a placeholder like "Web page data below:"). 

Then run the complete prompt, with the data appended, through the model in [Gensyn's REE](https://app.gitbook.com/s/jHECdpSAZDuPfU2oZmM2/), and paste the [full reproducible receipt](https://app.gitbook.com/s/jHECdpSAZDuPfU2oZmM2/ree/receipts) into the *Model Output* field*.* 

{% hint style="info" %}
For a detailed example of how a settlement prompt looks before and after appending data, see the [Settlement Prompt](https://docs.gensyn.ai/testnet/create-a-market#settlement-prompt) section in [Create a Market.](https://docs.gensyn.ai/testnet/delphi/create-a-market)
{% endhint %}

#### Choosing your Outcome

At the bottom of the page, select the outcome that the model's response indicates. You won't be able to proceed until you've pasted model output and selected an outcome.

Then click *Continue* to review. 

A confirmation modal will appear showing the market name, the final outcome you selected, your earnings (1.5% of the total volume traded), and a note that gas fees apply. Click *Settle Market* to finalize.

{% hint style="warning" %}
**Cloud-hosted models** can fetch data from your sources on their own. Just run the prompt. 

**Verifiable local models** have no internet access, so you *must* retrieve the data yourself and append it to your prompt before running it. If you don't, the model has nothing to evaluate and your settlement will fail.
{% endhint %}

### After Settlement

Once settlement is confirmed, the market status changes to *Settled Market.* The market page updates to show the **\[1]** resolved outcome with the winning outcome highlighted, the **\[2]** payout amount available to winners, and a **\[3]** *Claim Now* button for anyone holding a winning position.

The AI Settlement panel on the right side of the market page will now show the *Model Output* alongside the original settlement prompt, so anyone can review how the market was resolved.

{% hint style="info" %}
As the creator, your fee earnings (1.5% of total traded volume) are included in your claim.
{% endhint %}

### Claiming Payouts

If you hold a winning position in a market you settled (or any settled market), click *Claim Now* on the market page. You can also find all claimable payouts in the *Claimable* tab on your [Activity](https://docs.gensyn.ai/testnet/delphi/activity) page.

### What Happens If You Miss the Deadline

The settlement deadline is 24 hours after the market closes. If you don't settle within this window, the market auto-settles:

* You forfeit your entire initial liquidity contribution.
* All participants are refunded.
* Your settlement percentage (visible in your *Creator Stats*) will reflect the miss.

{% hint style="danger" %}
Don't miss the deadline.
{% endhint %}