TOTAL VOLUME:
$154.3b
24H VOL:
$228,458,490
24H TRANSACTIONS:
2,984,028,936
OPEN INTEREST:
$1,879,276,037
410,833
Markets across
40,345
events
MATCHED EVENTS:
4,363
PLATFORM COVERAGE:
5
Polymarket:
37%
VS.
Kalshi:
63%
Closed: Sep 26, 2:31 AM EST
Polymarket
This market will resolve to "Yes" if Ukraine targets Moscow through a qualifying military action on the specified date, Moscow 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 Ukraine, directed at Moscow. 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 Moscow if it targets any location within the federal city of Moscow. 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 (Moscow time) after the specified date. 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 Ukraine targets Moscow through a qualifying military action on the specified date, Moscow 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 Ukraine, directed at Moscow. 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 Moscow if it targets any location within the federal city of Moscow. 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 (Moscow time) after the specified date. 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.
On Polymarket, this market is priced through a continuous double auction, meaning traders can buy and sell contracts representing their belief about whether Ukraine will target Moscow. The price of a contract reflects the probability of the event occurring, with higher prices indicating a greater perceived likelihood. On Polymarket, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. The market’s price is determined solely by supply and demand from traders on Polymarket, and is not influenced by external factors or opinions. This dynamic pricing mechanism allows the market to quickly incorporate new information and adjust its forecast accordingly.
This market resolves around Sep 30, 2026, with the outcome confirmed once the event is verifiable from credible public reporting. Resolution will depend on whether Ukraine launches a military strike targeting Moscow, as confirmed by widely accepted news sources and official statements. The focus is on a direct military action originating from Ukraine and aimed at the city of Moscow itself. The outcome will be determined by objective evidence, not subjective interpretations or political claims. Traders should monitor news developments closely as the resolution date approaches.
Several signals could significantly impact this market. Any major escalation in the conflict, such as a successful Ukrainian offensive or a significant Russian military setback, could increase the probability of a strike on Moscow. Conversely, successful peace negotiations or a de-escalation of tensions could lower the odds. Official statements from Ukrainian or Russian leadership regarding their intentions could also cause substantial price movements. Furthermore, reports of increased military activity near the border or intelligence assessments regarding Ukraine's capabilities would be closely watched by traders.