TOTAL VOLUME:

$41.6b

24H VOL:

$113,284,831

24H TRANSACTIONS:

2,858,735,640

OPEN INTEREST:

$1,620,345,032

79,029

Markets across

1,359

events

MATCHED EVENTS:

138

PLATFORM COVERAGE:

4

Polymarket:

45%

VS.

Kalshi:

55%

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NATO x Russia military clash by...?
polymarket

NATO x Russia military clash by...?

Sep 23, 2025, 4:22 PM EST - Jan 2, 2027, 11:59 PM EST
Total volume:
$12,645,185
Volume 24h:
$1,990,974
18%
Liquidity:
$173,311
37%
Open interest:
$2,010,519N/A

December 31

 - Polymarket

December 31 - Polymarket

1W

News

Positive

Negative

Neutral

Hover marker for details

Vol.

·

Resolves Jan 2, 2027

NATO x Russia military clash by December 31, 2026?

14%chance
Amount

$

Trade on
polymarket

Trade on Polymarket

At 15¢ buys you 667 shares | Odds: 14% Total Payout: $667 | Net Profit: $567 Multiplier: 6.67x | ROI: 567% APY not meaningful 65 days to resolution
You will be redirected to the platform to complete this trade.
Outcome
Trade
Chance %
Price
Spread
Liquidity
Volume
24h
7d
Open Interest
Ends in
Result
polymarket

December 31

Trade
14%
3%
Yes 15¢No 86¢
1¢
$47,182
$3,471,355
0.8%
N/A
N/A
2mo 5d
active
polymarket

November 30

8%
Yes 8¢No 93¢
1¢
$28,627
$129,169
5%
N/A
N/A
1mo 4d
active
polymarket

November 15

5%
Yes 5¢No 96¢
1¢
$29,441
$357,179
2%
N/A
N/A
2w 5d 18h
active
polymarket

October 31

2%
11%
Yes 1.7¢No 98.5¢
0.2¢
$68,060
$4,204,020
25%
N/A
N/A
4d 17h 40m
disputed
polymarket

August 31

0%
Yes 0¢No 100¢
—
N/A
$2,122,003
N/A
N/A
N/A
Settled
No
polymarket

June 30

0%
Yes 0¢No 100¢
—
N/A
$1,191,855
N/A
N/A
N/A
Settled
No
polymarket

December 31, 2025

0%
Yes 0¢No 100¢
—
N/A
$630,250
N/A
N/A
N/A
Settled
No
polymarket

March 31

0%
Yes 0¢No 100¢
—
N/A
$539,353
N/A
N/A
N/A
Settled
No
Total markets: 8

Description

This market will resolve to "Yes" if there is a military encounter between the military forces of a NATO country and Russia between September 23 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No". A "military encounter" is defined as any incident involving the use of force such as missile strikes, artillery fire, exchange of gunfire, or other forms of direct military engagement between NATO and Russian military forces. Non-violent actions, such as airspace violations, firing of warning shots (such as the June, 2021 Black Sea Confrontations between Russian forces and HMS Defender), or cyberattacks will not qualify. Interception of missiles or other one-way attack or loitering munitions (e.g. Shahed drones) which are targeting a 3rd party other than the listed countries or their respective forces will not alone qualify. Shooting down UAVs which are not munitions (e.g. MQ-9, Orlan 10, Orion, Bayraktar TB2, etc.) will qualify. Intentional physical collisions, including aerial interceptions and naval ramming without the direct use of weaponry, such as the 2023 Black Sea incident—where a Russian Su-27 damaged a U.S. MQ-9 Reaper drone's propeller, leading to its crash— will not qualify regardless of damage. Military contractors will qualify only if confirmed to be operating under the direct command or coordination of the respective state’s armed forces (e.g. the Battle of Khasham would not qualify). The resolution source for this market will be a consensus of credible reporting.

Polymarket

This market will resolve to "Yes" if there is a military encounter between the military forces of a NATO country and Russia between September 23 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No". A "military encounter" is defined as any incident involving the use of force such as missile strikes, artillery fire, exchange of gunfire, or other forms of direct military engagement between NATO and Russian military forces. Non-violent actions, such as airspace violations, firing of warning shots (such as the June, 2021 Black Sea Confrontations between Russian forces and HMS Defender), or cyberattacks will not qualify. Interception of missiles or other one-way attack or loitering munitions (e.g. Shahed drones) which are targeting a 3rd party other than the listed countries or their respective forces will not alone qualify. Shooting down UAVs which are not munitions (e.g. MQ-9, Orlan 10, Orion, Bayraktar TB2, etc.) will qualify. Intentional physical collisions, including aerial interceptions and naval ramming without the direct use of weaponry, such as the 2023 Black Sea incident—where a Russian Su-27 damaged a U.S. MQ-9 Reaper drone's propeller, leading to its crash— will not qualify regardless of damage. Military contractors will qualify only if confirmed to be operating under the direct command or coordination of the respective state’s armed forces (e.g. the Battle of Khasham would not qualify). The resolution source for this market will be a consensus of credible reporting.