## Market Snapshot

The “Russia-Ukraine Ceasefire Agreement by December 31, 2026” market is currently priced at 43% YES, down from 48% a week ago. The “Ukraine Peace Deal by June 30” market is priced at 5.5% YES, indicating low expectations for a deal.

## Key Takeaways

– The announcement of Russia striking Kiev and calling for responsible U.S. response suggests heightened tensions. – The lack of progress in U.S.-Russia discussions appears to decrease the likelihood of a near-term peace agreement. – The market for a ceasefire by April 30, 2026, may indicate a significant decline in confidence due to immediate military actions.

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