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PolymarketGeopoliticsUpdated 4m ago

Russia x Ukraine ceasefire agreement by March 31, 2027?

Market probability
38.0%
Little changed over 24 hours
191 days until the event deadline
Deadline: March 31, 2027 at 11:59 PM ET

No meaningful repricing — the probability is steady.

The pricing has partial support: healthy trading volume and market depth, a tight spread.

How credible was the move?

Three separate questions — a move can be genuine while the latest price is still settling. Methodology →

Move validity

Is the move backed by real trading and depth?

Moderate

The pricing has partial support: healthy trading volume and market depth, a tight spread.

Consensus stability

Has the market settled at the new probability?

Stable

The probability has held near its current level over the past several hours.

Contract clarity

Will the rules resolve without ambiguity?

High

The resolution rules are relatively specific, with a named source and a defined deadline.

Recent trade activity$27K 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 ceasefire agreement between Russia and Ukraine by the specified 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 ceasefire agreement between Russia and Ukraine by the specified date, 11:59 PM ET. Otherwise, this market will resolve to “No”. A ceasefire agreement refers to any mutually-agreed suspension of direct military engagement between Russia and Ukraine, which is either officially announced by both countries or confirmed by a consensus of credible reporting to have been mutually agreed by both countries. A broader peace deal, normalization agreement, political framework, truce, or humanitarian pause will qualify if it includes a mutually agreed suspension of direct military engagement, to be effective on a specified date. Agreements that outline future negotiations or de-escalation measures without an explicit, dated commitment to stop fighting will not qualify. Any form of informal understanding, backchannel communication, de-escalation without an announced agreement, or unilateral pause in hostilities will not be considered a ceasefire agreement. Only agreements which constitute a general pause in the conflict will qualify. Agreements which only apply to specific conflict categories (e.g. restrictions on certain target categories or certain locations) will not qualify. If a qualifying agreement is officially reached before this market’s end date, this market will resolve to “Yes,” regardless of whether the ceasefire agreement officially takes effect after that date. The primary resolution sources for this market will be official information from the governments of Russia and Ukraine and a consensus of credible reporting.

What could move this market next?

  • The market's deadline arrivesMarch 31, 2027 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 Sep 21, 11:22 AM ET. ProbCast does not list scheduled meetings, announcements, or data releases it cannot verify.

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: low · expected error ±14 pts.

Quote-drivenLegacy movement classifier: watch

What's happening

medium classifier confidence
Quote-driven

A tight, deep, quote-driven book with little executed flow. The price is stable but reflects resting quotes more than active trading.

  • Tight spread on a liquid, calm market
  • Deep, balanced resting book

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

More details — reliability score, dynamics, durability
Reliability score
46Medium
Where the price path tends to go next306 observed
  • Choppy / mean-reverting87%
  • Stable consensus6%
  • Thin-liquidity spike3%

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

DurabilityHigh· half-life ~4w
PredictabilityStable

Secondary read: leaning toward Thin market.

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.

Market data

24h volume

$44.6K

Liquidity

$80K

Total volume

$116.1K

Category
Geopolitics
Venue
Polymarket
Open interest
Spread
2.0 pts
Best bid
37.0%
Best ask
39.0%
7-day range
38.0% – 38.0%
Resolves
Mar 31, 2027
Change (pts)1H0.06H0.024H0.07D0.0

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