- Will India strike Pakistan by December 31, 2026?11¢
Tensions between India and Pakistan remain elevated following the May 2025 Operation Sindoor airstrikes, which India launched in response to a Pahalgam terror attack attributed to Pakistan-based groups, and the subsequent U.S.-brokered ceasefire that ended four days of exchanges. Trader consensus currently prices a low probability of another Indian drone, missile, or air strike on Pakistani territory by December 31, 2026, reflecting the absence of a major new trigger such as a large-scale attack from Pakistan. Ongoing low-level ceasefire violations along the Line of Control, isolated border incidents involving civilians, extended Pakistani airspace restrictions on Indian flights, and pointed exchanges at the United Nations continue to sustain friction without crossing into broader military action. India has reiterated that any future terror incident originating from Pakistani soil would be treated as an act of war, while diplomatic channels and the current de-escalation framework limit immediate escalation risks through the end of the resolution window.
Rules
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.