Racing Rules

Motorsports Contract Settlement Rules

Unless otherwise specified in the applicable Contract Specifications, all Motorsports event contracts listed on ProphetX shall be resolved in accordance with the rules set forth in this Chapter. Defined terms used herein have the meanings ascribed to them in the ProphetX Rulebook. References to 'orders' include resting and filled orders as applicable; references to 'settlement' refer to final contract disposition following outcome determination.

A. Scope. Motorsports contracts include, but are not limited to, events in the following competitions and disciplines: Formula One, A1 GP, CART, IndyCar, NASCAR, Circuit Racing, Touring Cars, DTM, Endurance, Rally, Rallycross, Motorcycling, and Superbike.

B. General. All contracts are offered in accordance with ProphetX's Rulebook and Terms and Conditions.

C. Scheduling and Event Commencement. Dates and start times displayed on the Exchange are provided for informational purposes only and are not guaranteed. The start of an event is defined as the signal to commence the warm-up lap. Any driver not on the grid or not ready to start from the pit lane at the time the start signal is given shall be deemed to have missed the start. Following the commencement of the event, all unmatched (resting) orders shall be cancelled. If the scheduled venue is changed after an order has been submitted, all contracts referencing that event shall be void and collateral shall be returned to the applicable accounts.

D. Settlement. Contracts shall be resolved based on the official result at the time of the podium presentation, regardless of any subsequent disqualifications, appeals, promotions, demotions, or penalties imposed after the conclusion of the session or event to which the contract refers. In the event that information required for settlement is missing, incomplete, or not displayed, the first official information published on the applicable official website shall be deemed binding for settlement purposes.

1. Participation. For settlement purposes, any driver who has started the event shall be deemed to have participated in the event.
2. Championship Contracts. Contracts on the Formula One Drivers Championship and Constructors Championship shall be resolved in accordance with the official FIA results immediately following the podium presentation of the final event of the season, with any subsequent disqualifications disregarded. Championship titles are awarded to the driver and constructor accumulating the most points over the course of the season. In the event of a tie for a championship position, the driver or constructor with the greater number of superior event results shall be awarded that position.
3. Leader After First Lap Contracts. For contracts on the leader after the first lap, the driver leading the event as they cross the start/finish line after one (1) fully classified lap shall have their contracts resolve to Yes, with the warm-up lap excluded. In the event that one (1) full classified lap is not completed, all contracts shall be void and collateral shall be returned to the applicable accounts. If the event commences under a Safety Car, all contracts shall be void and collateral shall be returned to the applicable accounts.

E. Head-to-Head Contracts. For Head-to-Head contracts, all listed participants must take part in the session to which the contract refers for contracts to be valid, irrespective of whether a driver records an official time. If both drivers retire on the same lap, all contracts shall be void and collateral shall be returned to the applicable accounts.

F. Futures, Outright, and Place Contracts. All contracts referencing a specific driver shall be void and collateral shall be returned to the applicable accounts if the referenced driver does not qualify for the event. 'The Field' includes any driver not individually listed in the contract. The event must be held within twenty-four (24) hours of the scheduled start time for contracts to be valid. The podium presentation shall constitute the official result, and any subsequent inquiries shall not affect the settlement of contracts.

1. NASCAR Futures and Outright Contracts. For NASCAR Futures and Outright contracts, all Statistic Futures contracts shall be deemed to be valid when the referenced driver has qualified for at least twenty-seven (27) events. The Outright Drivers Championship contract shall be deemed to be valid when the referenced driver has qualified for at least twenty-seven (27) events.

G. Group Contracts. For Group contracts, the driver achieving the highest finishing position at the time of the podium presentation shall have their contracts resolved to Yes. If all drivers within the group fail to be classified, the driver completing the most laps shall have their contracts resolved to yes. If all drivers within the group fail to be classified and two or more drivers retired on the same lap, dead-heat rules shall apply.

H. Formula One and IndyCar Specific Contracts.

1. IndyCar Settlement. IndyCar contracts shall be resolved based on the official classification at the time of the podium presentation, with any subsequent disqualifications disregarded.
2. Formula One Sprint Weekends. Unless otherwise stated in the applicable Contract Specifications, all Formula One Grand Prix contracts shall be resolved based on the results of the main weekend event. Sprint event contracts shall be explicitly identified as such in the Contract Specifications.
3. Classified Finishers. All drivers who complete ninety percent (90%) or more of the total event laps shall be deemed classified finishers in accordance with the official FIA Classification. All drivers, whether classified or not, are assigned an official ranking, and for the purposes of matchup and positional contracts, that official ranking shall apply.

I. Team Performance Contracts. For contracts referencing a specific team's performance during an event the initially stated number of vehicles from each team must start the event for contracts to be valid. If the required number of vehicles from any referenced team does not start the event, all contracts shall be void and collateral shall be returned to the applicable accounts. Example: for a Formula One team performance contract, two (2) cars from each referenced team must start the event for contracts to be valid.