This market will resolve to "Yes" if there is a military encounter between the military forces of North Korea (Democratic People's Republic of Korea) and South Korea (Republic of Korea) between January 29, and June 30, 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 North Korean and South Korean military forces. Non-violent actions, such as warning shots, artillery fire into uninhabited areas, the deployment of balloons, audio broadcasts, or missile launches that land in territorial waters or pass through airspace, will not qualify for a "Yes" resolution. Intentional ship ramming that results in significant damage to (e.g., a hole in the hull) or the sinking of a military ship by another will count toward a "Yes" resolution, however minor damage (scrapes, dents) will not. Note: South Korea's Coast Guard Administration (CGA) is not part of the military. The resolution source for this market will be a consensus of credible reporting.
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