TOTAL VOLUME:
$97.2b
24H VOL:
$177,903,386
24H TRANSACTIONS:
950,106,883
OPEN INTEREST:
$2,049,845,057
824,617
Markets across
14,701
events
MATCHED EVENTS:
899
PLATFORM COVERAGE:
5
Polymarket:
45%
VS.
Kalshi:
55%
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This market tracks whether Ukrainian forces will re-enter and establish control over either Obratne or Temyrivka, two settlements in Zaporizhzhya Oblast, by the specified deadline. On Polymarket, the leading outcome—re-entry by December 31, 2026—stands at 54.0%, while re-entry by May 31, 2025 is priced at 2.9%. Resolution will be determined by the Institute for the Study of War map, which must show persistent Ukrainian territorial shading over either location through a complete ISW daily update cycle. Watch for ISW map updates reflecting either reported Ukrainian territorial gains or claimed counteroffensives in the Obratne and Temyrivka area through the December 31, 2026 resolution date.
This market will resolve to “Yes” if, according to the ISW map, Ukraine captures any territory of Obratne (47.827331° N, 36.548744° E) or Temyrivka (47.825114° N, 36.570672° E), Zaporizhzhya Oblast, between market creation and the specified date (ET). Territory will be considered captured if any part of the specified territory is shaded under a below specified layer on the ISW map (https://storymaps.arcgis.com/stories/36a7f6a6f5a9448496de641cf64bd375) by the resolution date. Otherwise, the market will resolve to “No”. For any change on the ISW map to qualify for this market’s resolution, the relevant shading indicating Ukrainian 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 "Reported Ukrainian Territorial Gains in the Past 24 Hours", or “Claimed Ukrainian Counteroffensives” will qualify. Once a qualifying condition is met, any subsequent loss of control will not be considered towards the resolution of this market. If Ukraine comes into control of the specified territory as a result of a negotiated settlement, this will qualify for a 'Yes' resolution, regardless of whether it is shaded blue in the ISW map. However, an announcement of a negotiated settlement that gives Ukraine de jure control will not qualify. Actual control must be established. 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.
Prediction market odds on Polymarket reflect real-money consensus from traders betting on Ukraine's territorial movements, whereas traditional analyst forecasts rely on expert judgment and intelligence assessments. Markets often incorporate information faster than formal reports, though analysts may provide deeper contextual reasoning. The gap between market odds and expert predictions can signal either market overconfidence, analyst conservatism, or asymmetric access to intelligence. Comparing the two reveals where the crowd and experts diverge on the likelihood of Ukrainian re-entry into these contested towns.
On Polymarket, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. On Polymarket, this outcome is priced through an automated market maker mechanism where traders buy and sell shares representing yes or no positions. The current odds reflect the cumulative bets of all participants, with prices adjusting in real time as new trades execute. Higher prices indicate greater market confidence in Ukrainian re-entry, while lower prices suggest skepticism. Liquidity and trading volume on Polymarket determine how easily traders can enter or exit positions without significant slippage, affecting price discovery and market depth for this geopolitical event.
Major catalysts include significant shifts in front-line military positions, announcements of Ukrainian offensive operations targeting these towns, changes in NATO or Western military aid commitments, and casualty or equipment loss reports affecting Ukrainian combat capability. Diplomatic developments, ceasefire negotiations, or peace talks could reduce re-entry probability. Intelligence reports on Russian fortifications or troop deployments in these areas would also influence odds. Real-time battlefield updates, satellite imagery releases, and official military statements from Ukraine or allied nations serve as key information sources that traders monitor to adjust positions and reprrice this outcome.
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