WEBVTT
Kind: captions
Language: en

intro
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An event-contract venue settling winners. Illustrative scenario. One person, one agent. One record of who checked, approved and paid.

h1
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<v person>A customer browses an event contract on the venue.
[Browse: checked by customer]

a1
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<v agent>A customer's agent intends to fund the account. It prices first; nothing is submitted.
[Intent: checked by agent]

h2
00:00:06.800 --> 00:00:09.200
<v person>The customer funds the account by debit card. Funds land in segregated balances.
[Pay: checked by insimbi API (token); recorded by insimbi audit record]

a2
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<v agent>insimbi checks the agent's mandate and the venue's rules. Recorded.
[Policy check: checked by insimbi mandate check; recorded by insimbi record]

a3
00:00:12.000 --> 00:00:14.800
<v agent>The venue returns an x402-style request in a dollar stablecoin. The agent signs a retry.
[Pay request: checked by agent wallet]

h3
00:00:14.800 --> 00:00:17.200
<v person>The customer approves where winnings go: the rail they pick.
[Approve: checked by withdrawal rules; approved by customer; recorded by insimbi record]

a4
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<v agent>Inside the mandate the customer set. Allowed and recorded.
[Approval: checked by insimbi mandate check; approved by customer, in advance; recorded by insimbi record]

i1
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<v insimbi>Person or agent, insimbi applies the same rules and keeps one record.
[Transaction: checked by balance rules; recorded by insimbi record]

i2
00:00:23.400 --> 00:00:26.200
<v insimbi>The contract resolves. Payouts go on each customer's chosen rail, inside withdrawal rules.
[Rail: checked by withdrawal rules; recorded by insimbi record]

i3
00:00:26.200 --> 00:00:29.000
<v insimbi>insimbi submits each payout on its rail and takes the results back.
[Settle: checked by rail; recorded by insimbi record]

i4
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<v insimbi>Each payout links to the contract, the resolution and the rule that released it.
[Record: checked by reconciliation; approved by customer, via mandate; recorded by insimbi record]

end
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