In March 2025, members of the Khafre Project—including Corrado Malanga, Filippo Biondi, and Nicole Ciccolo—publicly claimed to have discovered large-scale man-made underground structures beneath the Giza pyramids using radar imaging (see: https://www.telegraph.co.uk/news/2025/03/23/egyptologists-row-over-underground-city-beneath-pyramids/).

This market will resolve to "Yes" if any new excavation, drilling operation, or subsurface exploration specifically targeting the underground area beneath the Giza pyramids is officially announced by the Egyptian Ministry of Tourism and Antiquities (MoTA) the Supreme Council of Antiquities (SCA), or another relevant body by June 30, 2025 11:59 PM ET. Otherwise, it will resolve to "No".

To qualify, the announcement must refer to unexplored underground areas beneath the Giza pyramid complex which substantively match the description of those claimed in by the Khafre Project in their March 2025 announcement, or otherwise be described as such by a consensus of credible reporting.

Remote sensing, radar imaging (including SAR or GPR), or other non-invasive survey methods alone will not count. The announced activity must involve physical ground disturbance or entry below the surface.

Announcements of planned excavations from organizations who do not have approval to conduct excavations will not qualify.

The resolution source will be official information from the Egyptian government; however, a consensus of credible reporting may also be used.