The first round of direct peace talks between the two warring countries occurred on May 16, 2025, and the second on June 2, 2025. Diplomats from Russia and Ukraine have yet to settle on a date for another round, which they aim to hold in July.

The market will resolve to YES if, before 23:59 UTC on July 31, 2025, an in-person third round of official direct peace talks takes place between the Russian and Ukrainian delegations. Discussions conducted solely via remote communication or through intermediaries will not cause the market to resolve YES.

Data source: official information from international news-wire agencies reporting on the peace talks.