This market will resolve to "Yes" if Nepal adopts a fundamentally different governing system by September 30, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

A "Yes" resolution requires a broad consensus of reporting indicating a clear break in continuity in the government system of Nepal.

Qualifying circumstances include any takeover that suspends, abrogates, or displaces the 2015 Constitution at the federal level, transfers executive power to an extra-constitutional authority (e.g., a military junta, revolutionary council, or restored monarchy), or dissolves or incapacitates core federal organs, such as the House of Representatives, beyond constitutional boundaries for sustained periods of time. Moreover, any significant change in the form of government (e.g., establishment of a monarchy, a non-secular, Hindu state, or a unitary-non-federal state) will suffice to resolve this market to "Yes".

Non-qualifying circumstances include: changes confined to provincial or local governments, constitutional amendments validly enacted under Article 274 that do not establish a change in the form of government, or any routine political events within constitutional boundaries such as prime-ministerial resignation, cabinet reshuffle, coalition re-composition, caretaker cabinets, votes of confidence, dissolution of the House, snap elections, imposition of states of emergency, army deployments or similar.

Partial loss of territory or challenges from revolutionary, rebel, or exile groups will only qualify if the Government of Nepal no longer administers the majority of the Nepalese population within Nepal for a sustained period (This could occur via revolution, civil war, military coup, or voluntary abdication).

The resolution source will be a consensus of credible reporting.