Will Russia enter Vasylivka by April 30, 2026?

This market shows extreme mispricing with a staggering 12,966% implied yield on the Yes side against only 543.9% on the No side, suggesting severe underpricing of Russian capture odds despite the 17¢ price. With just 14 days to resolution and a Cliff Risk Index of 5, the market faces acute binary risk, yet the $204k daily volume and $8.5M open interest indicate meaningful liquidity for a niche geopolitical contract. The 638% realized volatility and flat 7-day price action (holding at 17¢) suggest the market may be pricing in either very low probability or significant uncertainty about whether any territorial change occurs before April 30, 2026.

Resolution rules

This market will resolve to “Yes” if, according to the ISW map, Russia captures any territory of Vasylivka, Donetsk Oblast, (48.357760° N, 37.038017° E) 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 Russian 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 "Assessed Russian Infiltration Areas in Ukraine", “Assessed Russian Control”, “Assessed Russian Advance In Ukraine”, or “Assessed Russian Gains in the Past 24 Hours” will qualify. Once a qualifying condition is met, any subsequent loss of control will not be considered towards the resolution of this market. If Russia 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 red in the ISW map. However, an announcement of a negotiated settlement that gives Russia 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.

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