Name: Will Black Sea ceasefire go into effect before May?
Start: 2025-04-01T00:12:58.168249Z
End: 2025-04-30T12:00:00Z

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On March 25, Minister of Defenсe of Ukraine Rustem Umerov announced an agreement to “cease the use of force, and to prevent the use of commercial vessels for military purposes in the Black Sea." (see: https://x.com/rustem_umerov/status/1904549644463427740)

This market will resolve to “Yes” if an agreement between Russia and Ukraine to suspend or end military actions on the Black Sea goes into effect by April 30, 2025, 11:59 PM ET. Otherwise, this market will resolve to “No”.

For the purpose of this market, "goes into effect" means that a qualifying deal is actively implemented for any amount of time. 

This market's primary resolution source will be confirmation that the agreement is in effect by the governments of Ukraine and Russia, however an overwhelming consensus of credible reporting confirming the deal is in effect may also be used. 


Will Black Sea ceasefire go into effect before May? 

On December 10, 2025, Ukraine hit and disabled "Dashan," a tanker involved in trading Russian oil, as it sailed through Ukraine's exclusive economic zone in the Black Sea to the Russian port of Novorossiysk. You can read more about that here: https://www.reuters.com/world/europe/ukraine-disables-shadow-fleet-vessel-with-sea-drones-black-sea-2025-12-10/.

This market will resolve to "Yes" if there is a strike against any tanker in the Black Sea attributed to Ukraine between market creation and the specified date, 11:59 PM Eastern European Time (EET). Otherwise, this market will resolve to "No".

A "strike" is defined as the use of aerial bombs, drones, naval drones, naval guns, artillery, or missiles (including cruise or ballistic missiles) which impact a tanker anywhere in the Black Sea, regardless of flag, ownership, or damage level. 

Strikes attributed to Ukraine by media or third parties such as Turkey, including the December 2 incident involving the tanker "Midvolga-2” will qualify, regardless of whether Ukraine publicly denies involvement or if definitive attribution is not confirmed. (see: https://www.aljazeera.com/news/2025/12/2/russian-tanker-struck-off-turkiye-as-ukraine-targets-shadow-fleet).

Ship seizures, boarding, or the use of small arms fire will not qualify. An intercepted missile or drone that does not impact the tanker will not qualify, even if debris lands on or near the vessel.

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

Ukraine strikes another tanker in Black Sea by December 31?

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, 2025, 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 in 2025?

This market will resolve to "Yes" if a deal in which Ukraine agrees to cede territory under its control in Russia’s Kursk Oblast is reached between the Russian Federation and Ukraine by December 31, 2025, 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 Russia regains territory in the Kursk Oblast through military action, or if Ukraine unilaterally cedes Russian territory absent of a diplomatic process or agreement, this will not 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 give up Russian territory in Kursk?

This market will resolve to "Yes" if a deal in which Ukraine agrees to formally recognize Russian sovereignty over any UN-recognized Ukrainian territory is reached between the Russian Federation and Ukraine by June 30, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”.

The deal must be a publicly announced mutual agreement. 

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.

An agreement by Ukraine formally recognizing Russian sovereignty over any UN-recognized Ukrainian territory for any amount of time will count.

An agreement by Ukraine formally recognizing Russian sovereignty over any UN-recognized Ukrainian territory as a precondition of a more comprehensive peace process or deal will qualify, even if the agreement is not finalized or part of a formalized peace deal. The September 8, 1995, “Agreed Basic Principles” between Bosnia and Yugoslavia, which recognized the borders and sovereignty of Bosnia and Herzegovina, and was later formalized through the Dayton Peace Agreement, is an example of a qualifying agreement.

An official unilateral pledge by Ukraine formally recognizing Russian sovereignty over any UN-recognized Ukrainian territory will qualify for a “Yes” resolution even if not part of an agreement with Russia.

The April 19, 2013, Brussels Agreement between Serbia and Kosovo, in which Serbia recognized Kosovo’s de facto administration but did not formally grant de jure recognition, would not be considered a qualifying agreement under this market, as this market requires formal recognition of sovereignty rather than acknowledgment of administrative control.

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.


Ukraine recognizes Russian sovereignty over its territory by June 30, 2026?

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 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 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 all of the following conditions are met by December 31, 2026, 11:59 PM ET:

- Russia x Ukraine ceasefire
- Ukraine agrees not to join NATO
- Ukraine signs peace deal with Russia

Otherwise, this market will resolve to “No”.

This market will remain open until it is confirmed that at least one of the above conditions has not been met, or until all of the above conditions have been met within the specified timeframe.

The full rules for this market can be found here:
https://polymarket-upload.s3.us-east-2.amazonaws.com/Russia+x+Ukraine+2026+Peace+Parlay.pdf

Russia x Ukraine Peace Parlay

This market will resolve to “Yes” if Ukraine officially agrees to a peace framework to end the Russo–Ukrainian war that the United States has formally endorsed by March 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”.

A qualifying peace framework is any publicly announced plan, roadmap, or framework intended as the basis for ending the war, provided that the United States formally endorses it and Ukraine officially agrees to it through one of the following:

1. A written or signed framework-related instrument issued or signed by Ukraine that affirms agreement with the U.S.-endorsed framework.

2. An official U.S.–Ukraine announcement — defined as an official government-issued declaration, such as a joint statement, communiqué, or coordinated official releases, explicitly stating that Ukraine has agreed to a U.S.-endorsed peace framework. The announcement must be issued through authorized government channels, including official written releases or formally published transcripts by the White House, State Department, Office of the President of Ukraine, Cabinet of Ministers, or Ministry of Foreign Affairs. Verbal (including interviews or remarks during bilateral meetings) and social-media claims by either leader will not qualify unless later issued in an official written or published form by the respective government. The U.S. President or any US government official publicly stating that “an agreement has been reached,” without a corresponding formal release or communiqué, will not qualify; the same applies to statements by the Ukrainian President or Ukrainian officials.

3. A formally issued Ukrainian governmental action — including a presidential decree, Cabinet resolution, or National Security and Defense Council decision — explicitly stating that Ukraine agrees to the U.S.-endorsed framework. 

The primary resolution source will be official government documents, statements, decrees, and credible reporting confirming that Ukraine officially agreed to a U.S.-endorsed peace framework under the standards above.


Ukraine officially agrees to a US backed ceasefire framework by March 31?

This market will resolve to "Yes" if there is an agreement on an official buffer zone between Russia and Ukraine by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

A "buffer zone" is defined as a neutral or otherwise militarily restricted area that lies between the territories of Russia and Ukraine and is intended to reduce or manage conflict between them.

A qualifying buffer zone does not need to cover a minimum geographic area, nor require the withdrawal of all categories of weapons or personnel. It is sufficient that the agreement explicitly demonstrates mutual intent to suspend offensive military action within the designated zone, for example, by stipulating the withdrawal of heavy artillery, armored vehicles, etc.

If the agreement is officially reached before the resolution date, this market will resolve to "Yes," regardless of whether the buffer zone is established formally by December 31, 2025, 11:59 PM ET.

Informal statements, plans contingent on future conditions, statements of intent without a formal policy directive, announcements of a partial implementation, or any other statements that do not constitute a formal policy announcement will not be considered.

A mutual agreement on a buffer zone will suffice for a "Yes" resolution, regardless of potential subsequent violations of such an agreement.

This market's resolution will be based on official announcements from both Russia and Ukraine; however, a broad consensus of credible media reporting stating an official agreement regarding a buffer zone between Russia and Ukraine has been reached will suffice.

Russia x Ukraine buffer zone agreement by December 31?

This market will resolve to "Yes" if Ukraine publicly agrees to limit the number of personnel in its armed forces by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”.

An official pledge by Ukraine to limit the number of personnel in its armed forces will qualify for a “Yes” resolution whether as a unilateral announcement or part of an agreement with the Russian Federation.

A qualifying agreement must include a commitment by Ukraine to limit the total number of personnel in its armed forces. This includes any specific numerical cap on the number of personnel Ukraine may have in its armed forces, or any proportional limit on Ukrainian armed forces personnel (e.g., a commitment to reduce the size of the armed forces by a percentage of its current size). Limits on the number of personnel in specific branches of the Ukrainian armed forces will not count.

Other limits on Ukrainian military powers, such as the relinquishment of long-range weapons or limits on other categories of armaments or military capabilities, that do not constrain the total number of personnel in Ukraine’s armed forces, will not qualify.

An agreement by Ukraine to limit the number of personnel in its armed forces as a precondition of a more comprehensive peace process or deal will qualify, even if the agreement is not yet finalized or part of a formalized peace deal. The September 8, 1995 “Agreed Basic Principles” between Bosnia and Yugoslavia which recognized the borders and sovereignty of Bosnia and Herzegovina, and was later formalized through the Dayton Peace Agreement is an example of a qualifying agreement.

Any agreement or pledge made before the resolution date of this market will qualify, regardless of if/when the agreement goes into effect.

The primary resolution source for this market will be an official announcement by Ukraine; however, an overwhelming consensus of credible reporting confirming a qualifying agreement has been made will also qualify.

Ukraine agrees to limit size of armed forces before 2027?

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 an official agreement on nuclear arms control or strategic nuclear weapons limitation is reached between the United States and the Russian Federation between December 9, 2025 and June 30, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”.

Only agreements that are publicly announced and acknowledged by both the U.S. and Russia will qualify. The agreement must pertain to nuclear arms control or limitation—such as a treaty, framework, or memorandum—addressing matters including (but not limited to) nuclear warheads, delivery systems, verification mechanisms, or strategic stability.

An extension, amendment, or replacement of the New START treaty will qualify, provided it is publicly announced as a concluded agreement by both parties within the time frame. Exploratory discussions or stated intent to extend without a finalized agreement will not qualify.

Agreements that include both the United States and Russia as named parties—whether bilateral or as part of a broader multilateral framework—will qualify, provided the agreement directly addresses nuclear arms control.

The agreement does not need to be ratified or implemented for this market to resolve "Yes"; a formal announcement of a concluded agreement is sufficient.

The primary resolution source for this market will be official statements from the U.S. government (e.g., the White House, State Department) and/or the Russian Federation (e.g., the Kremlin, Ministry of Foreign Affairs). However, a clear and overwhelming consensus of credible reporting confirming that such an agreement has been reached will also qualify.

U.S. x Russia Nuclear deal by June 30?

This market will resolve to "Yes" if the Ukrainian armed forces initiate a drone, missile, or air strike on Moscow municipality's soil on the listed date Moscow Standard Time (MSK). 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 Ukrainian armed forces that impact Moscow municipality's ground territory.

A strike on any area within the terrestrial territory of the Moscow municipality 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 Moscow municipality'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 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 on Moscow municipality by December 31?

This market will resolve to “No” if any of the following conditions are met between September 23, 2025, and December 31, 2025, 11:59 PM ET:

- Putin out as president of Russia
- Russia x Ukraine ceasefire
- Trump visits Russia
- Putin meets Zelensky
- Russia invades a NATO country

Otherwise, this market will resolve to “Yes”.

The full rules for this market can be found here:
https://polymarket-upload.s3.us-east-2.amazonaws.com/RU1.png 
https://polymarket-upload.s3.us-east-2.amazonaws.com/RU2.png

Nothing Ever Happens: Russia Edition

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 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, according to the ISW map, Russia captures any territory of Borova (49.37457173620971, 37.62233412539868) by December 31, 2025, at 11:59 PM ET.

Territory will be considered captured if any part of Borova is shaded under a below specified layer on the ISW map (https://storymaps.arcgis.com/stories/36a7f6a6f5a9448496de641cf64bd375) by the resolution date. Otherwise, the market will resolve to “No”.

For any change on the ISW map to qualify for this market’s resolution, the relevant shading indicating Russian control must persist through the next full ISW daily update cycle. If ISW skips a day, shading must persist until the next finalized ISW update is published, regardless of the date. Any continuous shading which reflects either "Assessed Russian Infiltration Areas in Ukraine", “Assessed Russian Control”, “Assessed Russian Advance In Ukraine”, or “Assessed Russian Gains in the Past 24 Hours” will qualify. 

Once a qualifying condition is met, any subsequent loss of control will not be considered towards the resolution of this market.

If Russia comes into control of the specified territory as a result of a negotiated settlement, this will qualify for a 'Yes' resolution, regardless of whether it is shaded red in the ISW map. However, an announcement of a negotiated settlement that gives Russia de jure control will not qualify. Actual control must be established.

The primary resolution source for this market will be the ISW Ukraine map. If the ISW map is rendered unavailable, information from DeepStateMap (https://deepstatemap.live/) may be used. If information from both the ISW and DeepStateMap are rendered permanently unavailable, a consensus of credible reporting may be used.

Note: Any temporary glitches or errors in the map will not be considered.

Will Russia enter Borova by December 31?

The European Union (EU) is considering using frozen Russian assets under its member states’ control to fund Ukraine in its ongoing war effort against Russia. You can read more about that here: https://www.reuters.com/business/eus-costa-we-are-very-close-solution-frozen-russian-assets-2025-12-09/.

This market will resolve to “Yes” if the European Union reaches a new, official agreement to use frozen Russian assets under its member countries’ control to fund Ukraine by the listed date, 11:59 PM ET. Otherwise, this market will resolve to “No”.

Frozen Russian assets refers to Russian State-owned financial assets or proceeds from those assets that are frozen under EU sanctions regimes.

A qualifying use includes either the direct transfer of frozen Russian assets to Ukraine or alternative financial strategies which use the frozen Russian assets to facilitate financial transfers or loans to Ukraine (e.g. the EU uses the frozen assets to guarantee a loan to Ukraine or the assets are transferred to financial intermediaries who then make loans to Ukraine). The use of frozen Russian assets to buy arms or other military supplies which will be subsequently transferred to Ukraine will also qualify as using frozen Russian assets to fund Ukraine.

An announcement of such an agreement within this market’s timeframe will suffice to resolve this market to “Yes”, regardless of whether a qualifying use of the assets has actually occurred.

Isolated instances of the use of frozen Russian assets to fund Ukraine by individual EU member states will not count.

The primary resolution source for this market will be official information from the EU and a consensus of credible reporting.

EU agrees use of Russian assets to fund Ukraine by December 31?

This market will resolve to “Yes” if, according to the ISW map, Ukraine captures any territory in Crimea by June 30, 2026 at 11:59 PM ET.

Territory will will be considered captured if any part of Crimea shaded blue on the ISW map (https://storymaps.arcgis.com/stories/36a7f6a6f5a9448496de641cf64bd375) by the resolution date. Otherwise, the market will resolve to “No”.

The border around Crimea shaded in black on the ISW map will not qualify. 

Once Ukraine captures territory in Crimea, any subsequent loss of control will not be considered towards the resolution of this market.

If Ukraine comes into control of territory in Crimea as a result of a negotiated settlement, this will qualify for a 'Yes' resolution, regardless of if it is shaded blue in the ISW map. However, an announcement of a negotiated settlement which gives Ukraine de jure control will not qualify. Actual control must be established.

The primary resolution source for this market will be the ISW Ukraine map. If the ISW map is rendered unavailable, information from DeepStateMap (https://deepstatemap.live/) may be used. If information from both the ISW and DeepStateMap are rendered permanently unavailable, a consensus of credible reporting may be used.

Note: Any temporary glitches or errors in the map which will not be considered.


Will Ukraine recapture Crimean territory by June 30, 2026?

This market will resolve to "Yes" if Ukraine conducts at least one combat strike using a Tomahawk cruise missiles by 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. 

Ukraine Tomahawk missile strike by December 31?

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?

Amid rumors of a U.S.-drafted peace framework, a so-called 28-point proposal to end the war with Russia, Zelenskiy is scheduled to meet U.S. Army officials in Kyiv on November 20. More details can be found here: https://www.axios.com/2025/11/19/ukraine-peace-plan-trump-russia-witkoff.

This market will resolve to "Yes" if the Trump Administration publicly releases a new framework to end the war between Ukraine and Russia by the listed date, 11:59 PM ET. Otherwise, this market will resolve to "No".

A qualifying document must be framed as a new peace proposal outlining specific conditions, for example, regarding reparations, territorial agreements, demilitarization, sanctions, etc.

A mere announcement that such a document exists or will be released will not suffice.

To qualify, the Executive Branch must itself publish the document or its content to the public. Reports that a qualifying document was provided privately, for example, to Ukrainian officials, will not suffice. 

Partial releases, such as a written summary or outline, will count as long as they are framed as a peace proposal outlining specific conditions.

Leaks or unverified/unofficial information will not be considered.

The primary resolution source for this market will be official information from the government of the United States; however, a consensus of credible reporting will also be used.

Will Trump release a new Russia x Ukraine peace plan by December 31?

This market will resolve to “Yes” if, according to the ISW map, Russia captures any territory of Druzkhivka by January 31, 2026, at 11:59 PM ET.

Territory will be considered captured if any part of Druzkhivka is shaded under a below specified layer on the ISW map (https://storymaps.arcgis.com/stories/36a7f6a6f5a9448496de641cf64bd375) by the resolution date. Otherwise, the market will resolve to “No”.

For any change on the ISW map to qualify for this market’s resolution, the relevant shading indicating Russian control must persist through the next full ISW daily update cycle. If ISW skips a day, shading must persist until the next finalized ISW update is published, regardless of the date. Any continuous shading which reflects either "Assessed Russian Infiltration Areas in Ukraine", “Assessed Russian Control”, “Assessed Russian Advance In Ukraine”, or “Assessed Russian Gains in the Past 24 Hours” will qualify. 

Once a qualifying condition is met, any subsequent loss of control will not be considered towards the resolution of this market.

If Russia comes into control of the specified territory as a result of a negotiated settlement, this will qualify for a 'Yes' resolution, regardless of whether it is shaded red in the ISW map. However, an announcement of a negotiated settlement that gives Russia de jure control will not qualify. Actual control must be established.

The primary resolution source for this market will be the ISW Ukraine map. If the ISW map is rendered unavailable, information from DeepStateMap (https://deepstatemap.live/) may be used. If information from both the ISW and DeepStateMap are rendered permanently unavailable, a consensus of credible reporting may be used.

Note: Any temporary glitches or errors in the map will not be considered.

Will Russia enter Druzkhivka by January 31?

This market will resolve to “Yes” if, according to the ISW map, Russia captures any territory of Bilytske by December 31, 2025, at 11:59 PM ET.

Territory will be considered captured if any part of Bilytske is shaded under a below specified layer on the ISW map (https://storymaps.arcgis.com/stories/36a7f6a6f5a9448496de641cf64bd375) by the resolution date. Otherwise, the market will resolve to “No”.

For any change on the ISW map to qualify for this market’s resolution, the relevant shading indicating Russian control must persist through the next full ISW daily update cycle. If ISW skips a day, shading must persist until the next finalized ISW update is published, regardless of the date. Any continuous shading which reflects either "Assessed Russian Infiltration Areas in Ukraine", “Assessed Russian Control”, “Assessed Russian Advance In Ukraine”, or “Assessed Russian Gains in the Past 24 Hours” will qualify. 

Once a qualifying condition is met, any subsequent loss of control will not be considered towards the resolution of this market.

If Russia comes into control of the specified territory as a result of a negotiated settlement, this will qualify for a 'Yes' resolution, regardless of whether it is shaded red in the ISW map. However, an announcement of a negotiated settlement that gives Russia de jure control will not qualify. Actual control must be established.

The primary resolution source for this market will be the ISW Ukraine map. If the ISW map is rendered unavailable, information from DeepStateMap (https://deepstatemap.live/) may be used. If information from both the ISW and DeepStateMap are rendered permanently unavailable, a consensus of credible reporting may be used.

Note: Any temporary glitches or errors in the map will not be considered.

Will Russia enter Bilytske by December 31?

This market will resolve to "Yes" if Volodymyr Zelenskyy and Vladimir Putin talk by December 31, 2025, 11:59 PM ET. Otherwise, it will resolve to "No".

A talk is defined as any interaction between Volodymyr Zelenskyy and Vladimir Putin, occurring either in person or through verbal communication by phone or video call.

Events that occurred prior to the start of this market will not qualify toward its resolution.

The resolution source will be a consensus of credible reporting.

Will Zelenskyy talk to Putin by December 31?

This market will resolve to “Yes” if, by January 7, 2026, 11:59 PM ET, the Russian government or military publicly and officially announces a ceasefire or “truce” in its war against Ukraine that is explicitly tied to Christmas or Orthodox Christmas for the 2025–26 holiday period.

A qualifying announcement must:

The January 2023 unilateral “Orthodox Christmas” ceasefire order is an example of a qualifying announcement.

The announcement alone is sufficient: the truce does not need to be accepted by Ukraine or actually upheld in practice, and any later violations, non-compliance, or cancellation will not change the outcome once a qualifying announcement has been made.

The primary resolution sources will be official Russian government.

Will Russia announce a Christmas truce?

This market will resolve to “Yes” if, according to the ISW map, Russia captures any territory of Khatnie by December 31, 2025, at 11:59 PM ET.

Territory will be considered captured if any part of Khatnie is shaded under a below specified layer on the ISW map (https://storymaps.arcgis.com/stories/36a7f6a6f5a9448496de641cf64bd375) by the resolution date. Otherwise, the market will resolve to “No”.

For any change on the ISW map to qualify for this market’s resolution, the relevant shading indicating Russian control must persist through the next full ISW daily update cycle. If ISW skips a day, shading must persist until the next finalized ISW update is published, regardless of the date. Any continuous shading which reflects either "Assessed Russian Infiltration Areas in Ukraine", “Assessed Russian Control”, “Assessed Russian Advance In Ukraine”, or “Assessed Russian Gains in the Past 24 Hours” will qualify. 

Once a qualifying condition is met, any subsequent loss of control will not be considered towards the resolution of this market.

If Russia comes into control of the specified territory as a result of a negotiated settlement, this will qualify for a 'Yes' resolution, regardless of whether it is shaded red in the ISW map. However, an announcement of a negotiated settlement that gives Russia de jure control will not qualify. Actual control must be established.

The primary resolution source for this market will be the ISW Ukraine map. If the ISW map is rendered unavailable, information from DeepStateMap (https://deepstatemap.live/) may be used. If information from both the ISW and DeepStateMap are rendered permanently unavailable, a consensus of credible reporting may be used.

Note: Any temporary glitches or errors in the map will not be considered.

Will Russia enter Khatnie by December 31?

This market will resolve to “Yes” if, according to the ISW map, Russia captures any territory of Orikhiv by December 31, 2025, at 11:59 PM ET.

Territory will be considered captured if any part of Orikhiv is shaded under a below specified layer on the ISW map (https://storymaps.arcgis.com/stories/36a7f6a6f5a9448496de641cf64bd375) by the resolution date. Otherwise, the market will resolve to “No”.

For any change on the ISW map to qualify for this market’s resolution, the relevant shading indicating Russian control must persist through the next full ISW daily update cycle. If ISW skips a day, shading must persist until the next finalized ISW update is published, regardless of the date. Any continuous shading which reflects either "Assessed Russian Infiltration Areas in Ukraine", “Assessed Russian Control”, “Assessed Russian Advance In Ukraine”, or “Assessed Russian Gains in the Past 24 Hours” will qualify. 

Once a qualifying condition is met, any subsequent loss of control will not be considered towards the resolution of this market.

If Russia comes into control of the specified territory as a result of a negotiated settlement, this will qualify for a 'Yes' resolution, regardless of whether it is shaded red in the ISW map. However, an announcement of a negotiated settlement that gives Russia de jure control will not qualify. Actual control must be established.

The primary resolution source for this market will be the ISW Ukraine map. If the ISW map is rendered unavailable, information from DeepStateMap (https://deepstatemap.live/) may be used. If information from both the ISW and DeepStateMap are rendered permanently unavailable, a consensus of credible reporting may be used.

Note: Any temporary glitches or errors in the map will not be considered.

Will Black Sea ceasefire go into effect before May?

Market Context

Will Black Sea ceasefire go into effect before May?

Rules

Will Black Sea ceasefire go into effect before May?

Market Context

Will Black Sea ceasefire go into effect before May?

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