This market will resolve to “Yes” if, Ukraine signs any written instrument (e.g., treaty, ceasefire/armistice, framework/“roadmap,” exchange of letters, or mediated agreement text) that: (i) includes both Ukraine and the Russian Federation as parties, and (ii) either ends hostilities/establishes a ceasefire or commits both sides to a defined process toward ending the war (i.e., stated objective of peace/normalization plus principles, steps, and/or a timetable) by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”. Only Ukraine’s signature is required; Russia’s signature or ratification is not. Localized, temporary, or issue-specific arrangements—such as airstrike-limitation or deconfliction protocols, humanitarian pauses, evacuation corridors, prisoner-exchange or trade/export arrangements, border/DMZ adjustments, or ceasefires limited to a particular sector/front/municipality—will not qualify. The document must bear a wet-ink or officially issued electronic signature of an authorized Ukrainian representative. Unsigned agreements (e.g., the 2023 Ohrid arrangement) will not qualify regardless of if they are otherwise officially enacted. The primary resolution source will be a consensus of credible reporting.
Ongoing territorial disputes, particularly Russia's insistence on Ukrainian concessions in Donbas, Kherson, and Zaporizhzhia, have blocked progress in trilateral US-Ukraine-Russia talks held earlier in 2026. Diplomatic efforts in July 2026, including meetings between Ukrainian President Zelenskyy and US envoys plus Secretary of State Rubio's discussions with Russian Foreign Minister Lavrov, produced no breakthroughs or renewed formal negotiations. Russian forces continue incremental advances while both sides conduct long-range strikes, with no ceasefire in place. These factors sustain trader consensus that a comprehensive peace deal remains unlikely before the end of 2026.