Name: India x Pakistan military clash by August 31?
Start: 2025-08-04T20:33:29.365473Z
End: 2025-08-31T00:00:00Z

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This market will resolve to "Yes" if there is a military encounter between the military forces of India and Pakistan between August 4, 4:00 PM ET and August 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 Indian and Pakistani 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.

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

India x Pakistan military clash by August 31?

This market will resolve to "Yes" if India initiates a drone, missile, or air strike on Pakistani territory by December 31, 2026, 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 Indian military forces that impact Pakistani territory (e.g., if an Indian missile or drone hits a target within Pakistan’s borders, this market will resolve to "Yes").

Missiles or drones that are intercepted before reaching Pakistani territory, as well as surface-to-air missile strikes, will not be sufficient for a "Yes" resolution regardless of whether debris lands on Pakistani 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 Indian ground forces will not qualify as a strike under this market.

The resolution source will be a consensus of credible reporting.

Will India strike Pakistan by December 31, 2026?

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.

Pakistan strike on India by December 31?

This market will resolve to "Yes" if India commences a military offensive intended to establish control over any portion of Pakistan between May 12 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

For the purposes of this market, land de facto controlled by India or Pakistan as of April 23, 2025, 12:00 PM ET, will be considered the sovereign territory of that country.

The resolution source for this market will be official confirmation by India, Pakistan, the United Nations, or any permanent member of the UN Security Council, however a consensus of credible reporting will also be used.

Will India invade Pakistan in 2025?

This market will resolve to "Yes" if Pakistan commences a military offensive intended to establish control over any portion of India between November 11 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

For the purposes of this market, land de facto controlled by India or Pakistan as of November 11, 2025, 11:00 PM ET, will be considered the sovereign territory of that country.

The resolution source for this market will be official confirmation by Pakistan, India, the United Nations, or any permanent member of the UN Security Council, however a consensus of credible reporting will also be used.

Will Pakistan invade India in 2025?

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 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 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 Pakistan initiates a drone, missile, or air strike within the municipality of Kabul by December 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 within one of the 22 municipal districts of Kabul.

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 within the municipality of Kabul 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 Pakistani ground operatives will not qualify.

The resolution source will be a consensus of credible reporting.

Pakistan strikes Kabul by December 31?

This market will resolve to "Yes" if there is a military engagement between the military forces of Greece and Turkey by June 30, 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 Greek and Turkish 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. 

Missiles or drone strikes that 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).

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

Greece x Turkey military engagement by June 30?

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 Israel initiates a drone, missile, or air strike on the West Bank's soil between November 27, 2025, 3:00 AM IST and the listed date 11:59 PM Israel Standard Time (IST). 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 the Israeli military that impact the West Bank's ground territory.

A strike on any area within the terrestrial territory of the West Bank counts.

Missiles or drones that are intercepted and surface-to-air missile strikes will not be sufficient for a "Yes" resolution, regardless of whether they land on the West Bank's territory or cause damage.

Actions such as artillery fire, small arms fire, FPV or ATGM strikes, ground incursions, naval shelling, cyberattacks, or other operations conducted by the Israeli military will not qualify.

The primary resolution source will be official government/military statements, multilateral bodies (UN, etc.), or a consensus of credible reporting from major international media and national broadcasters/newspapers.

If the date/time of a strike cannot be confirmed by a consensus of credible reporting within 48 hours of this market's end date, it will resolve to "No" regardless of whether a strike was later confirmed to have taken place.

Israel strike on the West Bank by December 31?

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 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 June 30, 2026?

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 Israel initiates a drone, missile, or air strike on any Gulf state's soil or any Gulf state's official embassy or consulate between September 9, 2 PM ET, and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

For this market, Gulf states are defined as the six members of the Gulf Cooperation Council (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates).

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 military forces that impact a Gulf state's ground territory, embassy, or consulate.

Missiles or drones that are intercepted and surface-to-air missile strikes will not be sufficient for a "Yes" resolution, regardless of whether they land on a Gulf state's 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 Israeli ground operatives will not qualify.

The resolution source will be a consensus of credible reporting.

Israel strike on Gulf State by December 31?

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 the US initiates a drone, missile, or air strike on Iranian soil or any official Iranian embassy or consulate between the time of this market's creation and the listed date (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 US military forces that impact Iranian ground territory or any official Iranian embassy or consulate (e.g., if a weapons depot on Iranian soil is hit by an US 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 Iranian 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 US ground operatives will not qualify.

The resolution source will be a consensus of credible reporting.

US strikes Iran by June 30, 2026?

This market will resolve to "Yes" if Israel initiates a drone, missile, or air strike on Gaza soil on the listed date Israel Standard Time (IST). 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 military forces that impact Gaza ground territory.

A strike on any area within the terrestrial territory of the Gaza Strip counts, including buffer zones.

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 Gaza territory or cause damage.

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

The primary resolution source will be official government/military statements (Israeli or foreign), multilateral bodies (UN, etc.), or a consensus of credible reporting from major international media and national broadcasters/newspapers.

If the date/time of a strike cannot be confirmed by a consensus of credible reporting within 48 hours of this market's end date, it will resolve to "No" regardless of whether a strike was later confirmed to have taken place.

Will Israel strike Gaza on December 23?

This market will resolve to "Yes" if a missile or drone launched by the Ukrainian armed forces strikes Moscow municipality, or any target within the municipality, between September 23 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

For the purposes of this market, if a missile or drone launched by the Ukrainian armed forces is intercepted before striking Moscow or any target in it, even if it enters Moscow's airspace and its wreckage lands in Moscow, it will not be sufficient for a "Yes" resolution.

The primary resolution source for this market will be a consensus of credible reporting and video evidence. If there is ambiguity over whether a strike occurred, or whether the drone/missile was intercepted, this market will resolve based on whatever is most likely according to a consensus of credible reporting and video evidence.

Ukraine hits Moscow by December 31?

This market will resolve to "Yes" if the US initiates a drone, missile, or air strike on Nigerian soil or any official Nigerian 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 US military forces that impact Nigerian ground territory or any official Nigerian embassy or consulate (e.g., if a weapons depot on Nigerian soil is hit by an US missile, this market will resolve to "Yes").

Missiles or drones that are intercepted and surface-to-air missile strikes will not be sufficient for a "Yes" resolution, regardless of whether they land on Nigerian 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 US ground operatives will not qualify.

The resolution source will be a consensus of credible reporting.

US strikes Nigeria by December 31?

On October 9, Israel and Hamas signed a deal implementing a ceasefire: https://www.reuters.com/world/middle-east/israel-hamas-agree-gaza-ceasefire-return-hostages-2025-10-09/

This market will resolve to "Yes" if a either Israel or Hamas announce the cancellation of the ongoing ceasefire, or if a consensus of credible reporting confirms that the ceasefire is no longer in effect, by March 31, 2026, 11:59 PM ET. Otherwise this market will resolve to "No".

Announcements that one side or another violated the ongoing ceasefire will not be enough to resolve this market to "Yes"; only a definitive announcement by Israel or Hamas, or otherwise a wide consensus of credible reporting that that the ceasefire has been ended, will qualify to resolve this market to "Yes".

The primary solution resolution source will be official information from Hamas or the government of Israel, however a consensus of credible reporting may also be used.

Israel x Hamas ceasefire cancelled by March 31, 2026?

This market will resolve to "Yes" if Russia initiates a drone, missile, or air strike on Polish soil or any official Polish embassy or consulate between September 9, 2025 and June 30, 2026, 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 Russian military forces that impact Polish ground territory or any official Polish embassy or consulate (e.g., if a weapons depot on Polish soil is hit by a Russian 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 Polish 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 Russian ground operatives will not qualify.

The resolution source will be a consensus of credible reporting.

Russian strike on Poland by June 30?

This market will resolve to "Yes" if the US initiates a drone, missile, or air strike on Yemen soil or any official Yemen 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 US military forces that impact Yemen ground territory or any official Yemen embassy or consulate (e.g., if a weapons depot on Yemen soil is hit by an US 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 Yemen 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 US ground operatives will not qualify.

The resolution source will be a consensus of credible reporting.

US strikes Yemen by December 31?

This market will resolve to "Yes" if Israel initiates a drone, missile, or air strike on Turkish soil or any Turkish embassy or consulate between September 9, 3 PM ET, and 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 Israeli military forces that impact Turkey's ground territory or any official Turkish embassy or consulate (e.g., if a weapons depot on Turkish soil is hit by an Israeli missile, this market will resolve to "Yes") that is officially acknowledged by the Israeli government or a consensus of credible reporting.

Missiles or drones that are intercepted and surface-to-air missile strikes will not be sufficient for a "Yes" resolution, regardless of whether they land on Turkish 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 Israeli ground operatives will not qualify.

The resolution source will be a consensus of credible reporting.

Will Israel strike Turkey by December 31?

This market will resolve to "Yes" if Russia initiates a drone, missile, or air strike on the sovereign territory of any NATO member state or on any official embassy or consulate of a NATO member state between December 4, 2025, and March 31, 2026, 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 Russian military forces that impact the ground territory of a NATO member state or an official embassy/consulate of a NATO member (e.g., if a weapons depot on NATO territory is hit by a Russian missile, this market will resolve to "Yes").

Missiles or drones that are intercepted (i.e., do not impact) and surface-to-air missile launches will not be sufficient for a "Yes" resolution, regardless of whether debris falls on NATO territory or causes damage.

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

The resolution source will be a consensus of credible reporting.

Russian strike on a NATO member by March 31?

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 the Ukrainian armed forces initiate a drone, missile, or air strike on Russian soil on the listed date Moscow Standard Time (MSK). Otherwise, this market will resolve to "No".

For the purposes of this market, “Russian ground territory” and “Russian soil” refer exclusively to internationally recognized Russian territory as defined by pre-2014 borders.

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 Ukrainian armed forces that impact Russian ground territory.

A strike on any area within the terrestrial territory of Russia counts.

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

Actions such as artillery fire, small arms fire, FPV or ATGM strikes, ground incursions, naval shelling, cyberattacks, or other operations conducted by the Ukrainian armed forces will not qualify.

The primary resolution source will be official government/military statements (Ukrainian or Russian), multilateral bodies (UN, etc.), or a consensus of credible reporting from major international media and national broadcasters/newspapers.

If the date/time of a strike cannot be confirmed by a consensus of credible reporting within 48 hours of this market's end date, it will resolve to "No" regardless of whether a strike was later confirmed to have taken place.

Ukraine strike in Russia on 26 November 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 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.

India x Pakistan military clash by August 31?

Market Context

India x Pakistan military clash by August 31?

Rules

India x Pakistan military clash by August 31?

Market Context

India x Pakistan military clash by August 31?

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