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Market icon

Gaza or Ukraine ceasefire first?

Market icon

Gaza or Ukraine ceasefire first?

Gaza

>99% chance
Polymarket

$86,202 Vol.

Gaza

>99% chance
Polymarket

$86,202 Vol.

This market will resolve to "Gaza" if there is an official ceasefire agreement, defined as a publicly announced and mutually agreed halt in military engagement, between Israel and Hamas between August 7 and December 31, 2025, 11:59 PM ET, prior to an official ceasefire agreement between Russia and Ukraine.

This market will resolve to "Ukraine" if there is an official ceasefire agreement, defined as a publicly announced and mutually agreed halt in military engagement, between Russia and Ukraine between August 7 and December 31, 2025, 11:59 PM ET, prior to an official ceasefire agreement between Israel and Hamas.

If an agreement is officially reached before the resolution date, this market will resolve, regardless of whether the ceasefire officially starts afterward.

Only ceasefires which constitute a general pause in the conflict will qualify. Any form of informal agreement will not be considered an official ceasefire. Humanitarian pauses will not count toward the resolution of this market.

Regarding the Israel x Hamas ceasefire, an announced agreement to reinstate the previous agreed-upon January 15th ceasefire deal will qualify.

If neither ceasefire is reached by the end of this market, or if both ceasefires are reached at the same time, this market will resolve to 50-50.

This market's resolution will be based on official announcements from both parties involved in each conflict; however, a wide consensus of credible media reporting stating an official ceasefire agreement has been reached will qualify.
Volume
$86,202
End Date
Dec 31, 2025
Market Opened
Aug 11, 2025, 11:17 AM ET
This market will resolve to "Gaza" if there is an official ceasefire agreement, defined as a publicly announced and mutually agreed halt in military engagement, between Israel and Hamas between August 7 and December 31, 2025, 11:59 PM ET, prior to an official ceasefire agreement between Russia and Ukraine. This market will resolve to "Ukraine" if there is an official ceasefire agreement, defined as a publicly announced and mutually agreed halt in military engagement, between Russia and Ukraine between August 7 and December 31, 2025, 11:59 PM ET, prior to an official ceasefire agreement between Israel and Hamas. If an agreement is officially reached before the resolution date, this market will resolve, regardless of whether the ceasefire officially starts afterward. Only ceasefires which constitute a general pause in the conflict will qualify. Any form of informal agreement will not be considered an official ceasefire. Humanitarian pauses will not count toward the resolution of this market. Regarding the Israel x Hamas ceasefire, an announced agreement to reinstate the previous agreed-upon January 15th ceasefire deal will qualify. If neither ceasefire is reached by the end of this market, or if both ceasefires are reached at the same time, this market will resolve to 50-50. This market's resolution will be based on official announcements from both parties involved in each conflict; however, a wide consensus of credible media reporting stating an official ceasefire agreement has been reached will qualify.

Outcome proposed: Gaza

No dispute

Final outcome: Gaza

This market will resolve to "Gaza" if there is an official ceasefire agreement, defined as a publicly announced and mutually agreed halt in military engagement, between Israel and Hamas between August 7 and December 31, 2025, 11:59 PM ET, prior to an official ceasefire agreement between Russia and Ukraine.

This market will resolve to "Ukraine" if there is an official ceasefire agreement, defined as a publicly announced and mutually agreed halt in military engagement, between Russia and Ukraine between August 7 and December 31, 2025, 11:59 PM ET, prior to an official ceasefire agreement between Israel and Hamas.

If an agreement is officially reached before the resolution date, this market will resolve, regardless of whether the ceasefire officially starts afterward.

Only ceasefires which constitute a general pause in the conflict will qualify. Any form of informal agreement will not be considered an official ceasefire. Humanitarian pauses will not count toward the resolution of this market.

Regarding the Israel x Hamas ceasefire, an announced agreement to reinstate the previous agreed-upon January 15th ceasefire deal will qualify.

If neither ceasefire is reached by the end of this market, or if both ceasefires are reached at the same time, this market will resolve to 50-50.

This market's resolution will be based on official announcements from both parties involved in each conflict; however, a wide consensus of credible media reporting stating an official ceasefire agreement has been reached will qualify.
Volume
$86,202
End Date
Dec 31, 2025
Market Opened
Aug 11, 2025, 11:17 AM ET
This market will resolve to "Gaza" if there is an official ceasefire agreement, defined as a publicly announced and mutually agreed halt in military engagement, between Israel and Hamas between August 7 and December 31, 2025, 11:59 PM ET, prior to an official ceasefire agreement between Russia and Ukraine. This market will resolve to "Ukraine" if there is an official ceasefire agreement, defined as a publicly announced and mutually agreed halt in military engagement, between Russia and Ukraine between August 7 and December 31, 2025, 11:59 PM ET, prior to an official ceasefire agreement between Israel and Hamas. If an agreement is officially reached before the resolution date, this market will resolve, regardless of whether the ceasefire officially starts afterward. Only ceasefires which constitute a general pause in the conflict will qualify. Any form of informal agreement will not be considered an official ceasefire. Humanitarian pauses will not count toward the resolution of this market. Regarding the Israel x Hamas ceasefire, an announced agreement to reinstate the previous agreed-upon January 15th ceasefire deal will qualify. If neither ceasefire is reached by the end of this market, or if both ceasefires are reached at the same time, this market will resolve to 50-50. This market's resolution will be based on official announcements from both parties involved in each conflict; however, a wide consensus of credible media reporting stating an official ceasefire agreement has been reached will qualify.

Outcome proposed: Gaza

No dispute

Final outcome: Gaza

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Frequently Asked Questions

"Gaza or Ukraine ceasefire first?" is a prediction market on Polymarket with 2 possible outcomes where traders buy and sell shares based on what they believe will happen. The current leading outcome is "Gaza or Ukraine ceasefire first?" at 100%. Prices reflect real-time crowd-sourced probabilities. For example, a share priced at 100¢ implies that the market collectively assigns a 100% chance to that outcome. These odds shift continuously as traders react to new developments and information. Shares in the correct outcome are redeemable for $1 each upon market resolution.

As of today, "Gaza or Ukraine ceasefire first?" has generated $86.2K in total trading volume since the market launched on Aug 11, 2025. This level of trading activity reflects strong engagement from the Polymarket community and helps ensure that the current odds are informed by a deep pool of market participants. You can track live price movements and trade on any outcome directly on this page.

To trade on "Gaza or Ukraine ceasefire first?," browse the 2 available outcomes listed on this page. Each outcome displays a current price representing the market's implied probability. To take a position, select the outcome you believe is most likely, choose "Yes" to trade in favor of it or "No" to trade against it, enter your amount, and click "Trade." If your chosen outcome is correct when the market resolves, your "Yes" shares pay out $1 each. If it's incorrect, they pay out $0. You can also sell your shares at any time before resolution if you want to lock in a profit or cut a loss.

The current frontrunner for "Gaza or Ukraine ceasefire first?" is "Gaza or Ukraine ceasefire first?" at 100%, meaning the market assigns a 100% chance to that outcome. These odds update in real-time as traders buy and sell shares, so they reflect the latest collective view of what's most likely to happen. Check back frequently or bookmark this page to follow how the odds shift as new information emerges.

The resolution rules for "Gaza or Ukraine ceasefire first?" define exactly what needs to happen for each outcome to be declared a winner — including the official data sources used to determine the result. You can review the complete resolution criteria in the "Rules" section on this page above the comments. We recommend reading the rules carefully before trading, as they specify the precise conditions, edge cases, and sources that govern how this market is settled.