PolymarketGeopoliticsConfirmed moveUpdated 8m ago

Russia-Ukraine peace talks by December 31, 2026?

As of Oct 21, 2026, 12:55 PM ET, Polymarket priced this market at 73.0% (up from 69.0% 24 hours earlier). It had $51.1K traded in the past 24 hours, $36K of order-book liquidity and a bid-ask spread of 2.0 pts. probcast.co rates the support behind this price as strong.

Market probability
73.0%
+4 percentage points
over 24 hours69.0% → 73.0%

Deep, easy-to-trade market — and today's move was spread across many accounts.

Price historyPolymarket

Source: Polymarket price history

How credible was the move?

Methodology →

Move validity

Strong

Consensus stability

Forming

Contract clarity

High

Can you trust this price?

Two different questions: how hard the price is to move, and whose trading set it.

Market capacity

How hard is it to move this price?

DeepTight spread

Order-book liquidity

$36K

Bid-ask spread

2.0 pts

24h volume

$51.1K

Total volume

$425.4K

It would take roughly $7.1K of buying to move the price up by ~5 pts.

Lots of money on the book and a tight spread — a single ordinary order can't move this price much.

Who's trading

Whose opinion is this price?

Broad participation
17%of the traded money came from the single largest account

Accounts

73

Trades

200

over 4h

Largest order

$2.8K

$20.3K traded across these 200 trades (last 4h).

Many independent accounts traded — the price reflects a crowd, not one trader.

Recent trade activity$20.3K traded

From the latest trade tape (most recent 200 prints) — a live activity sample, not a lifetime total.

What this market actually measures

This market will resolve to "Yes" if there is a diplomatic meeting between representatives of Russia and Ukraine aimed at discussing a ceasefire, peace agreement, or other substantive de-escalation of the ongoing conflict by the listed date, 11:59 PM ET. Otherwise, this market will resolve to “No”.

This summary shows the opening of the venue's official rules. ProbCast has not yet generated an independent plain-English interpretation for this contract — review the full rules before relying on it.

View full official resolution rules

This market will resolve to "Yes" if there is a diplomatic meeting between representatives of Russia and Ukraine aimed at discussing a ceasefire, peace agreement, or other substantive de-escalation of the ongoing conflict by the listed date, 11:59 PM ET. Otherwise, this market will resolve to “No”. A diplomatic meeting refers to a deliberate meeting between representatives of the listed countries who are acting in an official capacity and are authorized to engage in negotiation or diplomacy regarding Russia-Ukraine relations on behalf of their governments. Meetings conducted indirectly, for example, through designated mediators, facilitators, or interlocutors acting with the knowledge and authorization of the relevant governments, will qualify. Meetings or talks limited to humanitarian issues will not qualify unless they also include substantive negotiation regarding broader Russia-Ukraine peace terms, such as a ceasefire, peace agreement, territorial issues, security guarantees, or similar. Brief greetings, chance encounters, or talks otherwise not deliberately aimed at diplomacy or negotiation will not count. The meeting must be in-person (including indirect in-person meetings) and must be publicly acknowledged by either government or reported by a consensus of credible media. Remote meetings, phone calls, or other meetings where the relevant parties are not present will not count. The resolution sources for this market will be official information from the governments of Russia and Ukraine, and a consensus of credible reporting.

Why the odds moved

The probability rose 4.0 percentage points over the last 24 hours (69.0% → 73.0%).

No verified catalyst has been linked to this move yet. ProbCast does not attribute moves to news without evidence connecting the timing of a specific report to the repricing.

What could move this market next?

  • The market's deadline arrivesDecember 31, 2026 at 11:59 PM ET

    The contract must resolve based on what has happened by this date.

Derived from the contract's own mechanics as of Oct 21, 1:03 PM ET. ProbCast does not list scheduled meetings, announcements, or data releases it cannot verify.

Probability by deadline

The same event, priced across deadline contracts on this venue.

Extending the deadline from Nov 30 to Dec 31 adds about 7.5 percentage points of implied probability.

Advanced analysis (experimental)

Research signals — these models are still accumulating the history needed for full validation, and they can disagree with the headline read. Model confidence: medium · expected error ±18 pts.

Reacting to newsLegacy movement classifier: meaningful

What's happening

medium classifier confidence
Reacting to news

The price is actively repricing on real volume. The number is still moving — don't treat the latest print as settled consensus yet.

  • Probability moved 4.0 pts in ≤6h on adequate liquidity
  • Flow one-directional across 73 participants (broad, not a single order)

The latest price is a usable but caveated read — weigh it with the market state.

More details — reliability score, dynamics, durability
Reliability score
39Medium
Where the price path tends to go nextmodel estimate
  • Trend continuation55%
  • Stable consensus19%
  • News repricing18%

Short-term motion of the price line (~1h), distinct from the environment above — not a prediction of the final outcome.

DurabilityMedium· half-life <1h
PredictabilityElevated irreducibility

A read-only classification of the market environment — how much weight the current price deserves as a read of consensus. It describes conditions, never a trade.

Change (pts)1H0.06H+4.024H+4.07D+4.0

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