Name: Will North and South Korea engage in direct talks by June 30?
Start: 2025-11-05T19:30:51.476111Z
End: 2026-06-30T00:00:00Z

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This market will resolve to "Yes" if, North and South Korea engage in direct talks, defined as an official meeting or communication between government representatives of both sides, conducted without a third-party relaying messages, by June 30, 2026 at 11:59 PM ET. Otherwise this market will resolve to “No”.

The talks may be in-person, by phone, or virtual, and must be publicly acknowledged by either government or reported by credible media. 

Routine military deconfliction, backchannel exchanges, or talks conducted entirely through another country or organization will not count. 

The resolutions source will be a consensus of credible reporting.

North x South Korea Talks

Will North and South Korea engage in direct talks by June 30?

This market will resolve to "Yes" if, North and South Korea engage in direct talks, defined as an official meeting or communication between government representatives of both sides, conducted without a third-party relaying messages, by December 31, 2025 at 11:59 PM ET. Otherwise this market will resolve to “No”.

The talks may be in-person, by phone, or virtual, and must be publicly acknowledged by either government or reported by credible media. 

Routine military deconfliction, backchannel exchanges, or talks conducted entirely through another country or organization will not count. 

The resolutions source will be a consensus of credible reporting.

Will North and South Korea engage in direct talks in 2025?

This market will resolve to "Yes" if there is a military encounter between the military forces of North Korea (Democratic People's Republic of Korea) and South Korea (Republic of Korea) between January 29, and December 31, 2025, 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 North Korean and South Korean military forces. Non-violent actions, such as warning shots, artillery fire into uninhabited areas, the deployment of balloons, audio broadcasts, or missile launches that land in territorial waters or pass through airspace, will not qualify for a "Yes" resolution. Intentional ship ramming that results in significant damage to (e.g., a hole in the hull) or the sinking of a military ship by another will count toward a "Yes" resolution, however minor damage (scrapes, dents) will not.

Note: South Korea's Coast Guard Administration (CGA) is not part of the military.

The resolution source for this market will be a consensus of credible reporting.

North Korea x South Korea military clash by December 31?

This market will resolve to "Yes" if Kim Jong Un meets with Sanae Takaichi by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

An exchange of words, handshake, direct conversation, or other clear personal interaction between the named individuals will qualify as a meeting. Merely standing in proximity, making eye contact, or being present in the same room or event without direct interaction will not qualify.

A meeting is defined as any encounter where both Kim Jong Un and Sanae Takaichi are present and interact with each other in person.

The resolution source will be a consensus of credible reporting.

Will Kim Jong Un meet with Sanae Takaichi by December 31?

This market will resolve to "Yes" if Xi Jinping, Vladimir Putin, and Kim Jong Un all meet with Donald Trump between October 24, and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

A meeting is defined as any encounter where both the listed individual and Trump are present and interact with each other in person.

The resolution source will be a consensus of credible reporting.

Trump meets Xi, Putin, and Kim by December 31?

If Supreme Leader of North Korea Kim Jong Un visits the United States between January 1 and December 31, 2025, 11:59 PM ET, this market will resolve to "Yes". Otherwise, this market will resolve to "No".

For the purpose of this market, a "visit" is defined as Kim Jong Un physically entering the terrestrial or maritime territory of the United States. Whether or not Kim Jong Un enters US airspace during the timeframe of this market will have no bearing on a positive resolution.

The primary resolution source for this information will be official information from the US or North Korea, however a consensus of credible reporting will also be used.

Will Kim Jong Un visit US in 2025?

If U.S. President Donald Trump visits North Korea between August 4 and December 31, 2025, 11:59 PM ET, this market will resolve to "Yes". Otherwise, this market will resolve to "No".

For the purpose of this market, a "visit" is defined as Trump physically entering the terrestrial or maritime territory of the listed country. Whether or not Trump enters the country's airspace during the timeframe of this market will have no bearing on a positive resolution.

The primary resolution source for this information will be official information from government of the United States of America, official information from Trump or released by his verified social media accounts (e.g. https://twitter.com/POTUS), however, a consensus of credible reporting will also be used.

Will Donald Trump visit North Korea in 2025?

This market will resolve to "Yes" if Donald Trump and Vladimir Putin talk by November 30, 2025, 11:59 PM ET. Otherwise, it will resolve to "No".

A talk is defined as any interaction between Donald Trump 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 Trump talk to Putin by November 30?

On June 13, Iranian leaders announced they no longer plan to engage in nuclear talks with the U.S. that were scheduled to take place in Oman on Sunday (see: https://thehill.com/policy/international/5348689-iran-nuclear-deal-talks-suspended/).

This market will resolve to "Yes" if it is confirmed that official nuclear-related negotiations between the United States and Iran resume at any point on by December 31, 2025, at 11:59 PM ET. Otherwise, the market will resolve to "No".

To qualify, the talks must involve official representatives of both governments and focus primarily on nuclear issues, such as uranium enrichment, sanctions relief, IAEA inspections, or the JCPOA. Talks may be direct or mediated, and may occur in person or virtually.

Only the actual resumption of talks will count; announcements that talks have been scheduled to resume will not alone qualify.

Unofficial backchannel communications, general diplomatic meetings not centered on nuclear issues, or one-sided public proposals will not qualify.

The market will resolve based on a consensus of credible reporting.

US x Iran nuclear talks resume 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 August 14, 2025 and December 31, 2025, 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 December 31?

This market will resolve to "Yes" if Donald Trump and Ali Khamenei speak directly to one another between June 26, 7:00 PM ET, and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

Any conversation that occurs directly between Donald Trump and Ali Khamenei will qualify, regardless of whether it is over the phone, videocall, or in person. The conversation must be voice-based, not text-based.

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

Trump x Khamenei talk in 2025? 

This market will resolve to "Yes" if either China (People's Republic of China) or Japan formally announces that they have suspended diplomatic relations with the other by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

The primary resolution source will be official information from either the Chinese or Japanese government; however a consensus of credible reporting may also be used.

China x Japan sever diplomatic relations in 2025?

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 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 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 there is an official ceasefire agreement, defined as a publicly announced and mutually agreed halt in military engagement, between the Rapid Support Forces (RSF) and the Sudanese Armed Forces (SAF) by December 31, 2025, 11:59 PM ET.

If the agreement is officially reached before the resolution date, this market will resolve to "Yes," regardless of whether the ceasefire officially starts afterward.

Any form of informal agreement will not be considered an official ceasefire. Humanitarian pauses will not count toward the resolution of this market.

A peace deal or political framework will qualify if it includes a publicly announced and mutually agreed halt in military engagement, effective on a specific date. Frameworks or agreements that outline terms for a future peace but do not include an explicit, dated commitment to stop fighting will not count.

This market's resolution will be based on official announcements from both the Rapid Support Forces and the Sudanese Armed Forces; however, a wide consensus of credible media reporting stating an official ceasefire agreement between the Rapid Support Forces and the Sudanese Armed Forces has been reached will suffice.

Sudan civil war ceasefire in 2025?

This market will resolve to "Yes" if there is an official security agreement, defined as a publicly announced and mutually agreed deal between the governments of Israel and Syria by January 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

This market refers only to agreements which directly address border security and demarcation, normalization, or diplomatic recognition or otherwise creates a formalized security framework between the two states.    

Ceasefire announcements or other announced de-escalations such as those relating to the July 16-18 skirmishes with the Druze, or any other future military engagements, which do not address the broader security relationship will not qualify.

Only deals which are officially announced will qualify. Informal announcements which do not constitute a formalized agreement will not count.

The primary resolution source will be official statements from the Israeli and Syrian governments. However, an agreement which is announced by only of the parties will qualify if an overwhelming consensus of credible reporting confirms that such a formal agreement has been reached.

Israel x Syria security agreement by January 31?

This market will resolve to "Yes" if President of Venezuela Nicolás Maduro talks with Donald Trump between October 15 and December 31, 2025, 11:59 PM ET. Otherwise, it will resolve to "No".

A talk is defined as any interaction between the listed individual and Donald Trump, occurring either in person or through verbal communication by phone or video call.

The resolution source will be a consensus of credible reporting.

Will Trump talk to Nicolás Maduro by December 31?

This market will resolve based on the countries that officially recognize Israel as a state between November 20, 2025 and June 30, 2026, 11:59pm ET.

An announcement of intentions will not suffice to resolve this market to "Yes." Only a government's formal recognition of the State of Israel will count toward a “Yes” resolution for this market.

The primary resolution source for this market will be official government information. However, a consensus of credible reporting will also be used.

Will Iraq recognize Israel by June 30?

This market will resolve to "Yes" if the South Korean government officially designates Sejong as the national capital by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No."

Designation must come through the passage of a constitutional amendment that names Sejong as the capital.

Other actions that legally and officially make Sejong the capital of South Korea under South Korean law will qualify only if they remain legally valid through the resolution date without being overturned, blocked, or declared unconstitutional by the Constitutional Court.

The resolution source will be a consensus of credible reporting.

Will South Korea move its capital to Sejong in 2025?

On October 8, an agreement on an initial ceasefire (Phase 1) was announced, constituting a halt in fighting, a partial Israeli pullback to a “yellow line,” prisoner swaps, expanded aid, and the release of hostages. A second phase of the deal, yet to be negotiated, is expected to address further Israeli withdrawal, Hamas’s disarmament, and the establishment of new security and governance arrangements in Gaza.

This market will resolve to "Yes" if an official agreement for the second phase of the Israel–Hamas ceasefire, defined as a publicly announced mutual agreement, is reached between Israel and Hamas by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to “No”.

If the agreement is officially reached before the resolution date, this market will resolve to "Yes," regardless of if/when the agreement goes into effect.

For purposes of this market, a “second phase” ceasefire agreement refers to a deal publicly acknowledged by both Israel and Hamas (directly or via recognized mediators such as the U.S., Egypt, or Qatar) that goes beyond the Phase 1 initial truce and includes commitments towards a comprehensive or “full” ceasefire.  Any agreement that is publicly described by the parties, or by mediators on their behalf, as the completion of “Phase 2” of the ceasefire will qualify, regardless of whether it includes further Israeli withdrawals beyond the “yellow line,” or agreements by Hamas to disarm.

An extension or continuation of the Phase 1 arrangement alone will not qualify.

This market's resolution will be based on official announcements from both Israel and Hamas, however a wide consensus of credible media reporting will also qualify.

Israel x Hamas Ceasefire Phase II by December 31?

This market will resolve to "Yes" if both Israel and Syria officially announce the establishment of diplomatic relations by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

The primary resolution source for this market will be official information from Israel and the Syria, however a consensus of credible reporting may also be used.

Israel and Syria normalize relations by December 31, 2026?

This market will resolve to "Yes" if there is a military encounter between the military forces of China (People's Republic of China) and Japan between November 17, 2025, and December 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 Chinese and Philippine military forces. Non-violent actions, such as warning shots, artillery fire into uninhabited areas, or missile launches that land in territorial waters or pass through airspace, will not qualify for a "Yes" resolution. Intentional ship ramming that results in significant damage to (e.g., a hole in the hull) or the sinking of a military ship by another will count toward a "Yes" resolution, however minor damage (scrapes, dents) will not.

Note: the China Coast Guard (CCG) is part of the military, however Japan Coast Guard (JCG) is not.

The resolution source for this market will be a consensus of credible reporting.

Will North and South Korea engage in direct talks by June 30?

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Will North and South Korea engage in direct talks by June 30?

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Will North and South Korea engage in direct talks by June 30?

Order Book

Market Context

Will North and South Korea engage in direct talks by June 30?

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