Will the Russia-Ukraine War End by the End of 2026?

This market resolves to Yes if, on or before December 31, 2026, the active armed conflict between Russia and Ukraine comes to a formal end through a mutually agreed ceasefire or peace agreement.

Specifically, a bilateral ceasefire or peace treaty must be publicly announced and acknowledged by both Russia and Ukraine as halting the major hostilities. A mere temporary truce or localized pause will not count – the agreement should encompass a general halt to the conflict. The deal need not resolve all political issues, but it must include an explicit commitment to stop the fighting on a national level by a specified date.

Partial or informal agreements (for example, a ceasefire only in a certain region, or a unilateral “pause” not reciprocated by the other side) do not qualify. Humanitarian pauses or agreements limited to issues like grain exports are insufficient. The ceasefire/peace must be intended as an open-ended or permanent cessation of hostilities (even if conditional or with ongoing negotiations). If such a deal is reached by the end of 2026 – even if implementation or peacekeeping extends beyond 2026 – the market resolves Yes.

If no broad ceasefire or peace accord is in effect by 2026’s end, the market resolves No.

The primary resolution source will be official announcements by the governments in Moscow and Kyiv or verification by credible international bodies (e.g. the U.N.). A wide consensus of media reports confirming a signed Russo-Ukrainian ceasefire or peace agreement by 2026 is sufficient to resolve “Yes.”