Ukraine signs peace deal with Russia before 2027?
What the market is pricing
The market currently assigns roughly one-in-four odds to a peace deal between Ukraine and Russia by end of 2026. The probability has remained unchanged over the past day and declined slightly by 1 percentage point over the week, suggesting modest skepticism about a near-term negotiated settlement despite ongoing geopolitical dynamics. At this level, traders view a formal agreement as unlikely but not remote.
How this market resolves
This market resolves Yes if Ukraine signs a written agreement (treaty, ceasefire, framework, or similar) with Russia as parties that either ends hostilities or commits both sides to a defined process toward ending the war, on or before December 31, 2026.
| Implied probability (Yes) | 22% |
|---|---|
| 24h change | +0 pt |
| 7d change | -1 pt |
| Market volume | $2.4M |
| Resolves by | 2026-12-31 |
| Source | Polymarket ↗ · as of 2026-07-10 |
What could move it
- Any announcement of direct negotiations or mediated talks could shift odds; conversely, escalation in hostilities would likely push probability lower.
- The December 2026 deadline leaves roughly two years for diplomacy or agreement—enough time for conditions to change substantially, but market movement may depend on concrete signals of willingness from both parties.

