## Market Snapshot
The “Russia x Ukraine ceasefire agreement by December 31, 2026” market is currently priced at 46.5% YES, up from 44% 24 hours ago. The “Russia x Ukraine ceasefire agreement by May 31, 2026” market is priced at 2.4% YES, down from 4% in the same period.
## Key Takeaways
– The missile strike on Kyiv appears to undermine trust in the ceasefire process, suggesting a lower likelihood of an agreement by May 31. – Markets suggest increased uncertainty regarding the ceasefire, with rising YES pricing for a December 31, 2026 agreement. – The strike appears consistent with a pattern of continued hostilities despite diplomatic efforts, impacting short-term ceasefire expectations.
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