Israel and Hamas have been engaged in indirect negotiations for a ceasefire for many months. These talks are being facilitated by mediators from Arab countries and the United States.

The market will resolve to YES if both Israel and Hamas officially announce a ceasefire by 03:59 UTC on August 1, 2025.

Data source: official statements from Israel and Hamas confirming the signing of the ceasefire, supplemented by reports from global news-wire agencies.