State transitions

Active

Market is open for trading:

• Users can mint/burn tokens
• Users can transfer tokens
• Market cannot be resolved yet

TradingClosed

Trading deadline has passed:

• No new minting/burning allowed
• Token transfers still allowed
• Market can be resolved

Resolved

Market outcome has been determined:

• No trading or transfers allowed
• Only redemption of winning tokens
• Fees can be claimed by creator

Cancelled

Market was cancelled by creator:

• Only possible before resolution
• All tokens can be redeemed for refund