Name: China x Taiwan military clash before 2027?
Start: 2025-11-13T23:20:40.905042Z
End: 2026-12-31T00:00:00Z

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This market will resolve to "Yes" if there is a military encounter between the military forces of China (People's Republic of China) and Taiwan (Republic of China) between November 11, 2025, and December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

A "military encounter" is defined as any incident involving the use of force such as missile strikes, artillery fire, exchange of gunfire, or other forms of direct military engagement between Chinese and Taiwanese military forces. Non-violent actions, such as warning shots, artillery fire into uninhabited areas, or missile launches that land in territorial waters or pass through airspace, will not qualify for a "Yes" resolution. Intentional ship ramming that results in significant damage to (e.g., a hole in the hull) or the sinking of a military ship by another will count toward a "Yes" resolution, however minor damage (scrapes, dents) will not.

Note: the China Coast Guard (CCG) is part of the military, however Taiwan's Coast Guard Administration (CGA) is not.

The resolution source for this market will be a consensus of credible reporting.

China x Taiwan Clash

China x Taiwan military clash before 2027?

This market will resolve to "Yes" if there is a military encounter between the military forces of China (People's Republic of China) and Taiwan (Republic of China) between January 29, and June 30, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

A "military encounter" is defined as any incident involving the use of force such as missile strikes, artillery fire, exchange of gunfire, or other forms of direct military engagement between Chinese and Taiwanese military forces. Non-violent actions, such as warning shots, artillery fire into uninhabited areas, or missile launches that land in territorial waters or pass through airspace, will not qualify for a "Yes" resolution. Intentional ship ramming that results in significant damage to (e.g., a hole in the hull) or the sinking of a military ship by another will count toward a "Yes" resolution, however minor damage (scrapes, dents) will not.

Note: the China Coast Guard (CCG) is part of the military, however Taiwan's Coast Guard Administration (CGA) is not.

The resolution source for this market will be a consensus of credible reporting.

China x Taiwan military clash by...?

This market will resolve to "Yes" if there is a military encounter between the military forces of China (People's Republic of China) and Japan between November 17, 2025, and December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

A "military encounter" is defined as any incident involving the use of force such as missile strikes, artillery fire, exchange of gunfire, or other forms of direct military engagement between Chinese and Japanese military forces. Non-violent actions, such as warning shots, artillery fire into uninhabited areas, or missile launches that land in territorial waters or pass through airspace, will not qualify for a "Yes" resolution. Intentional ship ramming that results in significant damage to (e.g., a hole in the hull) or the sinking of a military ship by another will count toward a "Yes" resolution, however minor damage (scrapes, dents) will not.

Note: the China Coast Guard (CCG) is part of the military, however Japan Coast Guard (JCG) is not.

The resolution source for this market will be a consensus of credible reporting.

China x Japan military clash before 2027?

This market will resolve to "Yes" if there is a military encounter between the military forces of the United States and Russia between May 28 and June 30, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

A "military encounter" is defined as any incident involving the use of force such as missile strikes, artillery fire, exchange of gunfire, or other forms of direct military engagement between U.S. and Russian military forces. Non-violent actions, such as airspace violations, firing of warning shots (such as the June, 2021 Black Sea Confrontations between Russian forces and HMS Defender), or cyberattacks will not qualify. 

Intentional physical collisions, including aerial interceptions and naval ramming without the direct use of weaponry, such as the 2023 Black Sea incident—where a Russian Su-27 damaged a U.S. MQ-9 Reaper drone's propeller, leading to its crash— will not qualify regardless of damage. 

Military contractors will qualify only if confirmed to be operating under the direct command or coordination of the respective state’s armed forces (e.g. the Battle of Khasham would not qualify).

The resolution source for this market will be a consensus of credible reporting.


US x Russia military clash by June 30, 2026?

This market will resolve to "Yes" if there is a military encounter between the military forces of a NATO country and Russia between October 8, and March 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

A "military encounter" is defined as any incident involving the use of force such as missile strikes, artillery fire, exchange of gunfire, or other forms of direct military engagement between NATO and Russian military forces. Non-violent actions, such as airspace violations, firing of warning shots (such as the June, 2021 Black Sea Confrontations between Russian forces and HMS Defender), or cyberattacks will not qualify.

Interception of missiles or other one-way attack or loitering munitions (e.g. Shahed drones) which are targeting a 3rd party other than the listed countries or their respective forces will not alone qualify. Shooting down UAVs which are not munitions (e.g. MQ-9, Orlan 10, Orion, Bayraktar TB2, etc.) will qualify.

Intentional physical collisions, including aerial interceptions and naval ramming without the direct use of weaponry, such as the 2023 Black Sea incident—where a Russian Su-27 damaged a U.S. MQ-9 Reaper drone's propeller, leading to its crash— will not qualify regardless of damage.

Military contractors will qualify only if confirmed to be operating under the direct command or coordination of the respective state’s armed forces (e.g. the Battle of Khasham would not qualify).

The resolution source for this market will be a consensus of credible reporting.

NATO x Russia military clash by March 31, 2026?

This market will resolve to "Yes" if there is a military encounter between the military forces of North Korea (Democratic People's Republic of Korea) and South Korea (Republic of Korea) between January 29, and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No."

A "military encounter" is defined as any incident involving the use of force such as missile strikes, artillery fire, exchange of gunfire, or other forms of direct military engagement between North Korean and South Korean military forces. Non-violent actions, such as warning shots, artillery fire into uninhabited areas, the deployment of balloons, audio broadcasts, or missile launches that land in territorial waters or pass through airspace, will not qualify for a "Yes" resolution. Intentional ship ramming that results in significant damage to (e.g., a hole in the hull) or the sinking of a military ship by another will count toward a "Yes" resolution, however minor damage (scrapes, dents) will not.

Note: South Korea's Coast Guard Administration (CGA) is not part of the military.

The resolution source for this market will be a consensus of credible reporting.

North Korea x South Korea military clash by December 31?

This market will resolve to "Yes" if either China (People's Republic of China) or Japan formally announces that they have suspended diplomatic relations with the other by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

The primary resolution source will be official information from either the Chinese or Japanese government; however a consensus of credible reporting may also be used.

China x Japan sever diplomatic relations in 2025?

This market will resolve to "Yes" if Xi Jinping visits the U.S. by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

For the purpose of this market, a "visit" is defined as Xi physically entering the terrestrial or maritime territory of the United States. Whether or not Xi enters US airspace during the timeframe of this market will have no bearing on a positive resolution.

The resolution source will be a consensus of credible reporting.

Will Xi visit the US by December 31?

If U.S. President Donald Trump visits China by April 30, 2026, 11:59 PM ET, this market will resolve to "Yes". Otherwise, this market will resolve to "No".

For the purpose of this market, a "visit" is defined as Trump physically entering the terrestrial or maritime territory of the listed country. Whether or not Trump enters the country's airspace during the timeframe of this market will have no bearing on a positive resolution.

The primary resolution source for this information will be official information from government of the United States of America, official information from Trump or released by his verified social media accounts (e.g. https://twitter.com/POTUS), however, a consensus of credible reporting will also be used.

Will Trump visit China by April 30?

If Jia Yueting enters mainland China by June 30, 2026, 11:59 PM ET, this market will resolve to "Yes". Otherwise, this market will resolve to "No".

For the purpose of this market, "entering mainland China" is defined as Jia Yueting physically setting foot within the territory of the People’s Republic of China, excluding Hong Kong, Macau, and Taiwan.

Travel through airspace or territorial waters during the timeframe of this market will have no bearing on a positive resolution.

The primary resolution source for this market will be a consensus of credible reporting.

Will Jia Yueting enter mainland China by June 30?

This market will resolve to "Yes" if there is a military engagement between the military forces of the United States of America and Venezuela between November 4, 2025, and March 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

A "military engagement" is defined as any incident involving the use of force such as missile strikes, artillery fire, exchange of gunfire, or other forms of direct military engagement between US and Venezuelan military forces. Non-violent actions, such as warning shots or missile launches that land in territorial waters or pass through airspace, will not qualify for a "Yes" resolution. Intentional ship ramming that results in significant damage to (e.g., a hole in the hull) or the sinking of a military ship by another will count toward a "Yes" resolution; however, minor damage (scrapes, dents) will not. 

Any U.S. military kinetic strike that impacts Venezuelan land territory will qualify for a “Yes” resolution.

Missiles or drone strikes which are intercepted will not qualify regardless of whether they land on adversarial territory or cause damage. Similarly, surface-to-air missile strikes impacting adversarial territory will not qualify for a "Yes" resolution (although surface to air missiles fired at an adversarial military aircraft would qualify).

Note: the U.S. Coast Guard is a branch of the U.S. Armed Forces; Venezuela’s Milicia Nacional Bolivariana (militia) is a “special component” of the Venezuelan National Bolivarian Armed Forces (FANB); and Venezuela’s Coast Guard (Comando de Guardacostas) is a component of the Venezuelan Navy (Armada Bolivariana) and thus part of the FANB.

The resolution source for this market will be a consensus of credible reporting.

US x Venezuela military engagement by March 31, 2026?

This market will resolve to "Yes" if active military personnel officially affiliated with any NATO or EU country enter Ukraine for combat-related military purposes directly pertaining to the ongoing conflict with Russia by June 30, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

For military personnel to qualify toward a "Yes" resolution, they must be 1) officially acknowledged as active military by the NATO or EU entity or member state they are affiliated with; 2) be publicly acknowledged by NATO or an EU-affiliated entity to have entered Ukraine for a combat-related military purpose directly pertaining to the ongoing conflict with Russia.

For military personnel to qualify toward a "Yes" resolution they need be active duty and acknowledged as described above. Participation in a combat role is necessary for this market to resolve to "Yes" (e.g. military personnel providing training or intelligence support would not qualify toward a "Yes" resolution, however drone pilots or infantry directly attacking Russian troops, or soldiers targeting and downing missiles from Ukrainian soil would qualify toward a "Yes" resolution).

The primary resolution source for this market will be official information from NATO, the EU, or member states of either entity, however a consensus of credible reporting will also be used.

NATO/EU troops fighting in Ukraine in June 30, 2026?

This market will resolve to “Yes” if Japanese Prime Minister Sanae Takaichi issues a public apology for her recent comments indicating that a Chinese attack on Taiwan could force a military response from Japan by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to “No”.

A public apology is defined as any statement expressing regret, acknowledging error, or retracting her comments which is released in a manner intended for public consumption.

The primary resolution source for this market will be official statements from Sanae Takaichi; however, a consensus of credible reporting may also be used.

Will Japanese PM apologize for China comments in 2025?

This market will resolve to “No” if any of the following conditions are met between September 10, 2025, 6 PM ET, and December 31, 2025, 11:59 PM ET:

- Nuclear weapon detonated
- Trump wins the Nobel Peace Prize
- Ukraine election called
- US-Russia nuclear deal
- Mass Gaza population relocation
- Ukraine agrees to give up the rest of Donbas

Otherwise, this market will resolve to “Yes”.

The full rules for this market can be found here:
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Nothing Ever Happens: Military Edition

This market will resolve to "Yes" if both of the following conditions are met by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".


1. The US initiates a military action on Iranian soil, airspace, or maritime territory or against any Iranian embassies or consulates between June 18, and December 31, 2025, 11:59 PM ET. 

For the purposes of this market, a "military action" will be considered to be any use of force executed by the US military on Iranian soil, airspace, or maritime territory (e.g. if a weapons depot on Iranian soil is hit by an US missile) that is officially acknowledged by the US government or a consensus of credible reporting. This includes, but is not limited to, airstrikes, naval attacks, or ground invasions. Cyber attacks, sanctions, or diplomatic actions will not count towards the resolution of this market.


2. The Islamic Republic of Iran’s current ruling regime is NOT overthrown, collapsed, or otherwise ceases to govern by December 31, 2025, 11:59 PM ET. 

The Islamic Republic of Iran’s current ruling regime will be considered overthrown if a broad consensus of reporting indicating that core structures of the Islamic Republic (e.g. the office of the Supreme Leader, the Guardian Council, IRGC control under clerical authority) have been dissolved, incapacitated, or replaced by a fundamentally different governing system or otherwise lost de facto power over a majority of the population of Iran. This could occur via revolution, civil war, military coup, or voluntary abdication, but only qualifies if the Islamic Republic no longer exercises sovereign power.

Routine political events such as elections, reforms, or leadership succession do not qualify. Internal coups or power shifts that preserve the Islamic Republic’s core structures also do not qualify. Only a clear break in continuity—such as a new provisional government, revolutionary council, or constitution replacing the Islamic Republic will qualify.

Partial loss of territory or challenges from rebel or exile groups will not qualify unless the Islamic Republic no longer administers the majority of the Iranian population within Iran.

The resolution source will be a consensus of credible reporting.

Note: If the Iranian regime falls - as defined above - prior to a qualifying U.S. military action, this market will immediately resolve to "No". 

Will the Iranian regime survive U.S. military strikes?

This market will resolve to "Yes" if there is a military encounter between the military forces of China (People's Republic of China) and India between January 29, 2025 and December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

A "military encounter" is defined as any incident involving the use of force such as missile strikes, artillery fire, exchange of gunfire, or other forms of direct military engagement between Chinese and Indian military forces. Hand-to-hand combat with the use of melee weapons between military personnel, will qualify. For example the 2020 Galwan Valley clash and the 2022 Yangtse clash would both count.

Non-violent actions, such as warning shots, artillery fire into uninhabited areas, or missile launches that land in territorial waters or pass through airspace, will not qualify for a "Yes" resolution. Intentional ship ramming that results in significant damage to (e.g., a hole in the hull) or the sinking of a military ship by another will count toward a "Yes" resolution, however minor damage (scrapes, dents) will not.

Note: the China Coast Guard (CCG) is part of the military, however the Indian Coast Guard (ICG) is not.

The resolution source for this market will be a consensus of credible reporting.

China x India military clash by December 31, 2026?

This market will resolve to "Yes" if the United States of America enters a state of civil war by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to “No”.

The resolution source for this market will be a wide consensus of credible reporting confirming the US is in a civil war.

Note: Media reports that use the phrase "civil war" metaphorically will not count. Only a wide consensus of reporting that the US has entered a literal civil war will qualify.

US civil war in 2025?

This market will resolve to "Yes" if Ukraine conducts at least one combat strike using U.S.-supplied Army Tactical Missile System (ATACMS) into Russian territory between November 20 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

Tests used outside of combat will not qualify.

The primary resolution source for this market will be official information from the U.S. or Ukrainian government. Credible video or photo evidence, or reporting from The New York Times, the Associated Press, Bloomberg News, Reuters, Axios, Politico, Semafor, The Washington Post, The Wall Street Journal, ABC, CBS, CNN, Fox News, MSNBC, NBC, BBC, Der Spiegel, DW, Le Monde, Sky News, Al Jazeera, The Kyiv Independent, and The Guardian may also be used.

Another ATACMS strike into Russian territory by December 31?

This market will resolve to "Yes" if either Israel initiates a drone, missile, or air strike on Iranian soil or any official Iranian embassy or consulate, or Iran initiates a drone, missile, or air strike on Israeli soil or any official Israeli embassy or consulate, by 11:59 PM ET on the listed date. Otherwise, this market will resolve to "No".

For the purposes of this market, a qualifying "strike" is defined as the use of aerial bombs, drones or missiles (including cruise or ballistic missiles) launched by Israeli or Iranian military forces that impact the other party’s ground territory or any official embassy or consulate (e.g., if a weapons depot on Iranian soil is hit by an Israeli missile, or an Israeli air base is hit by an Iranian drone, this market will resolve to "Yes") that is officially acknowledged by the relevant government or a consensus of credible reporting.

Missiles or drones which are intercepted and surface-to-air missile strikes will not be sufficient for a "Yes" resolution regardless of whether they land on the opposing party’s territory or cause damage.

Israel x Iran ceasefire broken by March 31, 2026?

This market will resolve to "Yes" if the United States initiates a drone, missile, or air strike on Afghan soil or any official Afghan embassy or consulate by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

For the purposes of this market, a qualifying "strike" is defined as the use of aerial bombs, drones, or missiles (including cruise or ballistic missiles) launched by United States military forces that impact Afghan ground territory or any official Afghan embassy or consulate (e.g., if a weapons depot on Afghan soil is hit by a U.S. missile, this market will resolve to "Yes").

Missiles or drones which are intercepted and surface-to-air missile strikes will not be sufficient for a "Yes" resolution regardless of whether they land on Afghan territory or cause damage.

Actions such as artillery fire, small arms fire, FPV or ATGM strikes directly, ground incursions, naval shelling, cyberattacks, or other operations conducted by U.S. ground operatives will not qualify.

The resolution source for this market will be a consensus of credible reporting.

U.S. strikes Afghanistan by Dec 31?

This market will resolve according to the date (ET) of the next military engagement between the military forces of the United States of America and Venezuela. 

A "military engagement" is defined as any incident involving the use of force such as missile strikes, artillery fire, exchange of gunfire, or other forms of direct military engagement between US and Venezuelan military forces. Non-violent actions, such as warning shots or missile launches that land in territorial waters or pass through airspace, will not qualify for a "Yes" resolution. Intentional ship ramming that results in significant damage to (e.g., a hole in the hull) or the sinking of a military ship by another will count toward a "Yes" resolution; however, minor damage (scrapes, dents) will not.

Any U.S. military kinetic strike that impacts Venezuelan land territory will qualify for a “Yes” resolution.

Missiles or drone strikes which are intercepted will not qualify regardless of whether they land on adversarial territory or cause damage. Similarly, surface-to-air missile strikes impacting adversarial territory will not qualify for a "Yes" resolution (although surface to air missiles fired at an adversarial military aircraft would qualify).

Note: the U.S. Coast Guard is a branch of the U.S. Armed Forces; Venezuela’s Milicia Nacional Bolivariana (militia) is a “special component” of the Venezuelan National Bolivarian Armed Forces (FANB); and Venezuela’s Coast Guard (Comando de Guardacostas) is a component of the Venezuelan Navy (Armada Bolivariana) and thus part of the FANB.

The resolution source for this market will be a consensus of credible reporting.

Will no US x Venezuela military engagement occur in 2025?

This market will resolve to "Yes" if a deal in which Ukraine agrees to cede any territory under its control at the time of the agreement is reached between the Russian Federation and Ukraine by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”.

The deal must be a publicly announced mutual agreement or otherwise confirmed by an overwhelming consensus of credible reporting.  

If such an agreement is officially reached before the resolution date, this market will resolve to "Yes", regardless of if/when the agreement goes into effect.

Only territory ceded as part of a diplomatic process or agreement will qualify. 

If a territorial adjustment is made as part of a mutual border demarcation process or technical boundary agreement that does not materially alter de facto control or reflect a broader territorial concession, it will not qualify for a 'Yes' resolution unless it is reported as a territorial concession by a consensus of credible reporting.

Any agreement which cedes de facto military control of territory held by Ukraine will qualify regardless of whether Ukraine formally maintains its claim to sovereignty. For example, the 1999 Kumanovo Military Technical Agreement, in which Yugoslavia agreed to pull military forces out of Kosovo but did not recognize Kosovo’s autonomy or independence would qualify for a 'Yes' resolution.

The primary resolution source for this market will be an official announcement by Ukraine and/or the Russian Federation, however, an overwhelming consensus of credible reporting confirming an agreement has been reached will also qualify.

Will Ukraine agree to cede territory to Russia before 2027?

This market will resolve to “Yes” if active regular US military personnel physically enter Iran for combat operations at any point between June 21, 2025, and December 31, 2025, 11:59 PM ET.

US military personnel must physically enter the terrestrial territory of Iran to qualify. Entering Iran's maritime or aerial territory will not count.

High ranking US service members entering Iran for diplomatic purposes (and their accompanying entourage), military contractors, military advisors, and special operation forces will not qualify.

The resolution source will be a consensus of credible reporting.

US forces in Iran in 2025?

This market will resolve to "Yes" if Pakistan initiates a drone, missile, or air strike on Indian territory by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

For the purposes of this market, a qualifying "strike" is defined as the use of aerial bombs, drones, or missiles (including cruise or ballistic missiles) launched by Pakistani military forces that impact Indian territory (e.g., if a Pakistani missile or drone hits a target within India’s borders, this market will resolve to "Yes").

Missiles or drones that are intercepted before reaching Indian territory, as well as surface-to-air missile strikes, will not be sufficient for a "Yes" resolution regardless of whether debris lands on Indian soil or causes damage.

Actions such as artillery fire, small arms fire, FPV or ATGM strikes, ground incursions, naval shelling, cyberattacks, or any operation conducted by Pakistani ground forces will not qualify as a strike under this market.

The resolution source will be a consensus of credible reporting.

China x Taiwan military clash before 2027?

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China x Taiwan military clash before 2027?

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China x Taiwan military clash before 2027?

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China x Taiwan military clash before 2027?

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