TOTAL VOLUME:
$134b
24H VOL:
$107,351,958
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,416,970,024
400,720
Markets across
30,097
events
MATCHED EVENTS:
2,633
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Sep 12, 9:09 AM EST
Polymarket
This market will resolve to “Yes” if Russia targets Kyiv through a qualifying military action between market creation and the specified date, Kyiv time. Otherwise, this market will resolve to “No.” A qualifying military action refers to an air strike or a surface-to-surface missile strike, initiated by Russia, directed at Kyiv. An air strike includes bombs, air-to-surface missiles, and air-launched drones. A surface-to-surface missile strike includes one-way attack drones and surface-to-surface missiles such as cruise or ballistic missiles. The following actions do not constitute a qualifying military action: Surface-to-air missile strikes; Small-arms fire; Ground incursions; Cyber operations; Naval gunfire and artillery fire; Howitzers, artillery pieces, mortars, and rocket artillery (e.g. MLRS systems); Minor surface-to-surface strikes, including short range loitering munitions, FPV drones, and ATGM strikes; Any threat, authorization, or announcement of force that has not been executed. Military action that consists primarily or exclusively of munitions that are intercepted before impact will still qualify if they constitute a qualifying military action during the specified timeframe; whether the munitions were intercepted, where the munitions landed, and whether damage resulted will not be considered. A military action will be considered directed at Kyiv if it targets any location within the city of Kyiv. The occurrence, attribution, timing, and target of a qualifying military action will be primarily determined based on a consensus of information available from the resolution sources. Where multiple sources conflict regarding the occurrence, attribution, timing, or target of a relevant military action, this market will remain open until the earlier of: i) the confirmation of the occurrence, attribution, timing, and target of the action based on a consensus of information available from the resolution sources or ii) 3 full calendar days (Kyiv time) from the date of the first credibly reported evidence of the action. If this period would extend past the end date, this market will remain open to allow for 3 full calendar days to pass. If, at the end of the third calendar day, conflicting reports remain as to the occurrence, attribution, or timing of the action, this market will resolve based on the totality of information available from the resolution sources at that time. No single statement, denial, or presentation of evidence will govern where it is contradicted by the totality of information. The resolution sources for this market will be official information from the governments and militaries of Ukraine and Russia and a consensus of credible reporting.
This market will resolve to “Yes” if Russia targets Kyiv through a qualifying military action between market creation and the specified date, Kyiv time. Otherwise, this market will resolve to “No.” A qualifying military action refers to an air strike or a surface-to-surface missile strike, initiated by Russia, directed at Kyiv. An air strike includes bombs, air-to-surface missiles, and air-launched drones. A surface-to-surface missile strike includes one-way attack drones and surface-to-surface missiles such as cruise or ballistic missiles. The following actions do not constitute a qualifying military action: Surface-to-air missile strikes; Small-arms fire; Ground incursions; Cyber operations; Naval gunfire and artillery fire; Howitzers, artillery pieces, mortars, and rocket artillery (e.g. MLRS systems); Minor surface-to-surface strikes, including short range loitering munitions, FPV drones, and ATGM strikes; Any threat, authorization, or announcement of force that has not been executed. Military action that consists primarily or exclusively of munitions that are intercepted before impact will still qualify if they constitute a qualifying military action during the specified timeframe; whether the munitions were intercepted, where the munitions landed, and whether damage resulted will not be considered. A military action will be considered directed at Kyiv if it targets any location within the city of Kyiv. The occurrence, attribution, timing, and target of a qualifying military action will be primarily determined based on a consensus of information available from the resolution sources. Where multiple sources conflict regarding the occurrence, attribution, timing, or target of a relevant military action, this market will remain open until the earlier of: i) the confirmation of the occurrence, attribution, timing, and target of the action based on a consensus of information available from the resolution sources or ii) 3 full calendar days (Kyiv time) from the date of the first credibly reported evidence of the action. If this period would extend past the end date, this market will remain open to allow for 3 full calendar days to pass. If, at the end of the third calendar day, conflicting reports remain as to the occurrence, attribution, or timing of the action, this market will resolve based on the totality of information available from the resolution sources at that time. No single statement, denial, or presentation of evidence will govern where it is contradicted by the totality of information. The resolution sources for this market will be official information from the governments and militaries of Ukraine and Russia and a consensus of credible reporting.
Currently, the prevailing sentiment in this market suggests a high probability of Russia targeting Kyiv by Sep 18, 2026. This contrasts with some initial analyst forecasts, which presented a wider range of possibilities. However, it’s important to note that prediction markets reflect a collective intelligence, incorporating diverse perspectives and continuously updating based on new information. While traditional analysis relies on expert opinion, this market aggregates the views of many participants, potentially offering a more dynamic and responsive assessment of the situation. The current odds represent a distillation of information available to traders.
On Polymarket, this market is priced using a continuous double auction mechanism. Traders buy and sell shares representing their belief about whether Russia will target Kyiv by Sep 18, 2026. As more traders buy shares, the price increases, indicating a higher perceived probability of the event occurring. Conversely, increased selling pressure lowers the price. On Polymarket, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. The price of a share directly corresponds to the implied probability, allowing traders to express their views and profit if their predictions prove accurate. This creates a dynamic pricing system driven by supply and demand.
This market resolves around Sep 18, 2026, with the outcome confirmed once the event is verifiable from credible public reporting. Resolution will depend on whether Russia initiates a military targeting of the city of Kyiv, Ukraine, before the specified date. The outcome will be determined by assessing publicly available information from reputable news sources and official statements. The resolution process focuses on verifying whether a targeting event occurred, not on the extent or success of any such action. Traders will then be able to claim their winnings or losses based on the final outcome.
Several factors could significantly influence this market leading up to Sep 18, 2026. Major escalations in the conflict, such as large-scale military offensives or significant territorial gains by either side, would likely cause substantial price movements. Official statements from key political figures, particularly regarding military strategy or intentions, could also have a notable impact. Unexpected geopolitical developments, like shifts in international alliances or the introduction of new sanctions, could also shift trader sentiment. Finally, credible reports of imminent attacks or preparations for targeting Kyiv would likely drive significant activity in this market.