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338,521
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December 31
- Polymarket
December 31 - Polymarket
49%
1W
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Positive
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Neutral
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Aug 20
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Vol.
$269.9k
·
Resolves Jan 1, 2027
$
This market tracks whether Russia will capture all of Kostyantynivka by a specified date, showing a current probability of 54.5% for a "Yes" outcome and 18.5% for an alternative date-specific outcome on Polymarket, with resolution based on the ISW map. Watch for developments around January 1, 2027, the estimated resolution date, which will determine the market's final settlement according to the specified criteria.
This market will resolve to “Yes” if, according to the ISW map, Russia captures the entirety of Kostyantynivka, Donetsk Oblast, (48.528896° N, 37.702514° E) by the specified date, 11:59 PM ET. Kostyantynivka will be considered captured if the entirety of the municipality is shaded red on the ISW map (https://storymaps.arcgis.com/stories/36a7f6a6f5a9448496de641cf64bd375) by the resolution date. If the area is not shaded red by the resolution date, the market will resolve to “No”. For any change on the ISW map to qualify for this market’s resolution, the relevant shading indicating Russian control must persist through the next full ISW daily update cycle. If ISW skips a day, shading must persist until the next finalized ISW update is published, regardless of the date. Any continuous shading which reflects either “Assessed Russian Control”, “Assessed Russian Advance In Ukraine”, or “Assessed Russian Gains in the Past 24 Hours” will qualify. “Assessed Russian Infiltration Areas in Ukraine” will not qualify. The territory of the municipality is shaded in light grey and is distinguished from bordering municipalities with a darker grey line. If all area within the municipality is shaded in red, however, the shading does not precisely match up with the border such that there is a tiny amount of grey along the border of the city, this will still qualify for a "Yes" resolution. Once Russia captures the entirety of the specified area, any subsequent loss of control will not be considered towards the resolution of this market. Location on Google maps: https://maps.app.goo.gl/p9N3w6yRVfjx6cuZ8 The primary resolution source for this market will be the ISW Ukraine map. If the ISW map is rendered unavailable, information from DeepStateMap (https://deepstatemap.live/) may be used. If information from both the ISW and DeepStateMap are rendered permanently unavailable, a consensus of credible reporting may be used. Note: Any temporary glitches or errors in the map will not be considered. If Russia comes into control of this territory as a result of a negotiated settlement, this will qualify for a 'Yes' resolution, regardless of whether it is shaded red in the ISW map. An announcement of a negotiated settlement that gives Russia de jure control will not qualify. Actual control must be established.
Prediction market odds on Polymarket reflect real-money trader expectations about Russian military operations in Kostyantynivka, which often diverge from traditional polling. While polls measure public opinion or expert surveys at a single point in time, prediction markets aggregate continuous financial incentives from participants betting on actual outcomes. Market-based probabilities tend to incorporate breaking military intelligence, battlefield reports, and logistical assessments faster than periodic polls, making them a complementary but distinct signal for assessing the likelihood of territorial capture by the deadline.
On Polymarket, the Will Russia capture all of Kostyantynivka by...? contract is priced according to the probability that traders assign to Russian capture of the entire city by the resolution date. On Polymarket, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. The current odds reflect the balance of buy and sell orders, with active trading volume supporting price discovery. As military developments unfold—including frontline advances, supply disruptions, or strategic shifts—the contract price adjusts to reflect updated market expectations, allowing traders to enter or exit positions based on their assessment of geopolitical risk.
The market resolves on Jan 1, 2027. Resolution hinges on whether Russia has captured all of Kostyantynivka by that date. The outcome is determined by verified reports of territorial control, military announcements, and credible open-source intelligence assessments at the deadline. Traders should monitor official statements, independent conflict monitors, and geolocation data as the resolution date approaches to understand how the market will likely settle.
Key catalysts include major battlefield offensives or retreats in the Donetsk region, changes in Russian supply lines or troop deployments, Ukrainian counteroffensives, international military aid announcements, and casualty reports affecting force readiness. Diplomatic developments, ceasefire negotiations, or shifts in Western support could also reshape expectations. Real-time frontline maps, military blogs, and official defense ministry statements from both sides typically drive rapid repricing. Traders should track combat reports and logistics assessments, as control of Kostyantynivka depends heavily on sustained Russian offensive capability and Ukrainian defensive capacity.