RuleDraft

Brierly helps the teams responsible for creating and listing event contracts draft clearer resolution rules. We identify settlement risks, draft or redline the language, and review the final text against RuleScore.

Discuss a RuleDraft engagement →

Who writes contracts: exchanges, designated contract markets, operators, and their product, market-operations, compliance, and legal teams design, approve, and list event contracts. Market makers provide liquidity and may use RuleScore to assess settlement risk; they are not presented here as the contract authors.

Who RuleDraft serves

Exchanges & DCM applicants

For organizations responsible for designing, approving, or listing event contracts.

Prediction-market operators

For organizations responsible for designing, approving, or listing event contracts.

Product & market-operations teams

For organizations responsible for designing, approving, or listing event contracts.

Compliance & legal teams

For organizations responsible for designing, approving, or listing event contracts.

What Brierly can help draft

settlement language, not legal representation

Draft resolution language

Write the operative test in terms that can be applied consistently at settlement.

Define operative terms

Replace words such as “launch,” “ceasefire,” or “official” with checkable definitions.

Bind resolution sources

Name the controlling source and state how and when it governs the result.

Set cutoffs and time zones

Distinguish event time from publication time and state the controlling clock.

Handle contingencies

Address postponement, cancellation, abandonment, revision, and void scenarios.

Close numeric boundaries

Specify greater-than versus at-least, precision, rounding, and revised data.

Anticipate adjudication risk

Stress-test oracle, escalation, and discretionary-resolution language.

Apply documented evidence

Review the final draft against RuleScore and the dispute-failure taxonomy.

Engagement process

01 — INTENT

Share the market and intended outcome

The client provides the proposed market, the event to be measured, the intended settlement result, relevant sources, and any existing draft.

02 — RISKS

Identify settlement hazards

Brierly reviews definitions, sources, timing, boundaries, contingencies, oracle mechanics, and known failure patterns.

03 — LANGUAGE

Draft or redline the rules

We return concrete resolution language and supporting analysis for the client's product, operations, compliance, and legal review.

04 — REVIEW

Check the final language with RuleScore

The completed text is reviewed under the published rubric, with remaining limitations and risks stated plainly.

Evidence behind the work

The RuleScore methodology was calibrated against a generated corpus of 1,595 disputed-market records. Brierly classifies 80 records as hard-failure outcomes. The rubric was also compared with a never-disputed control sample. Detailed sourced case studies remain available in the Dispute Database.

Independent and reproducible

Brierly does not list markets or take positions in a client's contracts. RuleScore is deterministic, and the complete normalized rating input can be tied to a SHA-256 receipt for reproducibility.

Discuss a RuleDraft engagement

Tell us what your organization plans to list and where the drafting process stands. Do not send confidential draft language through this form; we can arrange an appropriate private channel.

Prefer email? founders@brierlyresearch.com.

RuleDraft provides settlement-language drafting and analytical support. It does not provide legal representation or legal, financial, or regulatory advice; qualified counsel should review the final contract. No drafting process can guarantee a dispute-free settlement.