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icon for Will Russia capture Lyman by...?
Geopolitics·World Affairs

Will Russia capture Lyman by...?

icon for Will Russia capture Lyman by...?
Geopolitics·World Affairs

Will Russia capture Lyman by...?

$3,063,837 Vol.

Sep 30, 2026
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$3,063,837 Vol.

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September 30

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This market will resolve to “Yes” if, according to the ISW map, Russia captures the Lyman railroad station located on Vulytsya Pryvokzalʹna by September 30, 2026, at 11:59 PM ET. The railroad station will be considered captured if any part of the train station icon is shaded red on the ISW map (https://storymaps.arcgis.com/stories/36a7f6a6f5a9448496de641cf64bd375) by the resolution date. If the area is not shaded red by September 30, 2026, 11:59 PM ET, the market will resolve to “No”. For any change on the ISW map to qualify for this market’s resolution, the relevant shading indicating Russian control must persist through the next full ISW daily update cycle. If ISW skips a day, shading must persist until the next finalized ISW update is published, regardless of the date. Any continuous shading which reflects either “Assessed Russian Control”, “Assessed Russian Advance In Ukraine”, or “Assessed Russian Gains in the Past 24 Hours” will qualify. “Assessed Russian Infiltration Areas in Ukraine” will not qualify. If Russia comes into control of this territory as a result of a negotiated settlement, this will qualify for a 'Yes' resolution, regardless of whether it is shaded red in the ISW map. An announcement of a negotiated settlement which gives Russia de jure control will not qualify. Actual control must be established. Once Russia captures the railroad station, any subsequent loss of control will not be considered towards the resolution of this market. Train Station Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station+zoom.png Train Station Location in Lyman: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station.jpeg Lyman Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman.jpeg Location on Google maps: https://maps.app.goo.gl/zeVSXaeDH93mF2WPA The primary resolution source for this market will be the ISW Ukraine map. If the ISW map is rendered unavailable, information from DeepStateMap (https://deepstatemap.live/) may be used. If information from both the ISW and DeepStateMap are rendered permanently unavailable, a consensus of credible reporting may be used. Note: Any temporary glitches or errors in the map will not be considered.This market will resolve to “Yes” if, according to the ISW map, Russia captures the Lyman railroad station located on Vulytsya Pryvokzalʹna by December 31, 2026, at 11:59 PM ET. The railroad station will be considered captured if any part of the train station icon is shaded red on the ISW map (https://storymaps.arcgis.com/stories/36a7f6a6f5a9448496de641cf64bd375) by the resolution date. If the area is not shaded red by December 31, 2026, 11:59 PM ET, the market will resolve to “No”. For any change on the ISW map to qualify for this market’s resolution, the relevant shading indicating Russian control must persist through the next full ISW daily update cycle. If ISW skips a day, shading must persist until the next finalized ISW update is published, regardless of the date. Any continuous shading which reflects either “Assessed Russian Control”, “Assessed Russian Advance In Ukraine”, or “Assessed Russian Gains in the Past 24 Hours” will qualify. “Assessed Russian Infiltration Areas in Ukraine” will not qualify. If Russia comes into control of this territory as a result of a negotiated settlement, this will qualify for a 'Yes' resolution, regardless of whether it is shaded red in the ISW map. An announcement of a negotiated settlement which gives Russia de jure control will not qualify. Actual control must be established. Once Russia captures the railroad station, any subsequent loss of control will not be considered towards the resolution of this market. Train Station Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station+zoom.png Train Station Location in Lyman: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station.jpeg Lyman Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman.jpeg Location on Google maps: https://maps.app.goo.gl/zeVSXaeDH93mF2WPA The primary resolution source for this market will be the ISW Ukraine map. If the ISW map is rendered unavailable, information from DeepStateMap (https://deepstatemap.live/) may be used. If information from both the ISW and DeepStateMap are rendered permanently unavailable, a consensus of credible reporting may be used. Note: Any temporary glitches or errors in the map will not be considered.This market will resolve to “Yes” if, according to the ISW map, Russia captures the Lyman railroad station located on Vulytsya Pryvokzalʹna by November 30, 2025, at 11:59 PM ET. The railroad station will be considered captured if any part of the train station icon is shaded red on the ISW map (https://storymaps.arcgis.com/stories/36a7f6a6f5a9448496de641cf64bd375) by the resolution date. If the area is not shaded red by November 30, 2025, 11:59 PM ET, the market will resolve to “No”. If Russia comes into control of this territory as a result of a negotiated settlement, this will qualify for a 'Yes' resolution, regardless of whether it is shaded red in the ISW map. An announcement of a negotiated settlement which gives Russia de jure control will not qualify. Actual control must be established. Once Russia captures the railroad station, any subsequent loss of control will not be considered towards the resolution of this market. Train Station Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station+zoom.png Train Station Location in Lyman: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station.jpeg Lyman Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman.jpeg Location on Google maps: https://maps.app.goo.gl/zeVSXaeDH93mF2WPA The primary resolution source for this market will be the ISW Ukraine map. If the ISW map is rendered unavailable, information from DeepStateMap (https://deepstatemap.live/) may be used. If information from both the ISW and DeepStateMap are rendered permanently unavailable, a consensus of credible reporting may be used. Note: Any temporary glitches or errors in the map will not be considered.This market will resolve to “Yes” if, according to the ISW map, Russia captures the Lyman railroad station located on Vulytsya Pryvokzalʹna by December 31, 2025, at 11:59 PM ET. The railroad station will be considered captured if any part of the train station icon is shaded red on the ISW map (https://storymaps.arcgis.com/stories/36a7f6a6f5a9448496de641cf64bd375) by the resolution date. If the area is not shaded red by December 31, 2025, 11:59 PM ET, the market will resolve to “No”. If Russia comes into control of this territory as a result of a negotiated settlement, this will qualify for a 'Yes' resolution, regardless of whether it is shaded red in the ISW map. An announcement of a negotiated settlement which gives Russia de jure control will not qualify. Actual control must be established. Once Russia captures the railroad station, any subsequent loss of control will not be considered towards the resolution of this market. Train Station Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station+zoom.png Train Station Location in Lyman: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station.jpeg Lyman Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman.jpeg Location on Google maps: https://maps.app.goo.gl/zeVSXaeDH93mF2WPA The primary resolution source for this market will be the ISW Ukraine map. If the ISW map is rendered unavailable, information from DeepStateMap (https://deepstatemap.live/) may be used. If information from both the ISW and DeepStateMap are rendered permanently unavailable, a consensus of credible reporting may be used. Note: Any temporary glitches or errors in the map will not be considered.This market will resolve to “Yes” if, according to the ISW map, Russia captures the Lyman railroad station located on Vulytsya Pryvokzalʹna by January 31, 2026, at 11:59 PM ET. The railroad station will be considered captured if any part of the train station icon is shaded red on the ISW map (https://storymaps.arcgis.com/stories/36a7f6a6f5a9448496de641cf64bd375) by the resolution date. If the area is not shaded red by January 31, 2026, 11:59 PM ET, the market will resolve to “No”. For any change on the ISW map to qualify for this market’s resolution, the relevant shading indicating Russian control must persist through the next full ISW daily update cycle. If ISW skips a day, shading must persist until the next finalized ISW update is published, regardless of the date. Any continuous shading which reflects either “Assessed Russian Control”, “Assessed Russian Advance In Ukraine”, or “Assessed Russian Gains in the Past 24 Hours” will qualify. “Assessed Russian Infiltration Areas in Ukraine” will not qualify. If Russia comes into control of this territory as a result of a negotiated settlement, this will qualify for a 'Yes' resolution, regardless of whether it is shaded red in the ISW map. An announcement of a negotiated settlement which gives Russia de jure control will not qualify. Actual control must be established. Once Russia captures the railroad station, any subsequent loss of control will not be considered towards the resolution of this market. Train Station Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station+zoom.png Train Station Location in Lyman: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station.jpeg Lyman Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman.jpeg Location on Google maps: https://maps.app.goo.gl/zeVSXaeDH93mF2WPA The primary resolution source for this market will be the ISW Ukraine map. If the ISW map is rendered unavailable, information from DeepStateMap (https://deepstatemap.live/) may be used. If information from both the ISW and DeepStateMap are rendered permanently unavailable, a consensus of credible reporting may be used. Note: Any temporary glitches or errors in the map will not be considered.This market will resolve to “Yes” if, according to the ISW map, Russia captures the Lyman railroad station located on Vulytsya Pryvokzalʹna by February 28, 2026, at 11:59 PM ET. The railroad station will be considered captured if any part of the train station icon is shaded red on the ISW map (https://storymaps.arcgis.com/stories/36a7f6a6f5a9448496de641cf64bd375) by the resolution date. If the area is not shaded red by February 28, 2026, 11:59 PM ET, the market will resolve to “No”. For any change on the ISW map to qualify for this market’s resolution, the relevant shading indicating Russian control must persist through the next full ISW daily update cycle. If ISW skips a day, shading must persist until the next finalized ISW update is published, regardless of the date. Any continuous shading which reflects either “Assessed Russian Control”, “Assessed Russian Advance In Ukraine”, or “Assessed Russian Gains in the Past 24 Hours” will qualify. “Assessed Russian Infiltration Areas in Ukraine” will not qualify. If Russia comes into control of this territory as a result of a negotiated settlement, this will qualify for a 'Yes' resolution, regardless of whether it is shaded red in the ISW map. An announcement of a negotiated settlement which gives Russia de jure control will not qualify. Actual control must be established. Once Russia captures the railroad station, any subsequent loss of control will not be considered towards the resolution of this market. Train Station Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station+zoom.png Train Station Location in Lyman: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station.jpeg Lyman Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman.jpeg Location on Google maps: https://maps.app.goo.gl/zeVSXaeDH93mF2WPA The primary resolution source for this market will be the ISW Ukraine map. If the ISW map is rendered unavailable, information from DeepStateMap (https://deepstatemap.live/) may be used. If information from both the ISW and DeepStateMap are rendered permanently unavailable, a consensus of credible reporting may be used. Note: Any temporary glitches or errors in the map will not be considered.This market will resolve to “Yes” if, according to the ISW map, Russia captures the Lyman railroad station located on Vulytsya Pryvokzalʹna by March 31, 2026, at 11:59 PM ET. The railroad station will be considered captured if any part of the train station icon is shaded red on the ISW map (https://storymaps.arcgis.com/stories/36a7f6a6f5a9448496de641cf64bd375) by the resolution date. If the area is not shaded red by March 31, 2026, 11:59 PM ET, the market will resolve to “No”. For any change on the ISW map to qualify for this market’s resolution, the relevant shading indicating Russian control must persist through the next full ISW daily update cycle. If ISW skips a day, shading must persist until the next finalized ISW update is published, regardless of the date. Any continuous shading which reflects either “Assessed Russian Control”, “Assessed Russian Advance In Ukraine”, or “Assessed Russian Gains in the Past 24 Hours” will qualify. “Assessed Russian Infiltration Areas in Ukraine” will not qualify. If Russia comes into control of this territory as a result of a negotiated settlement, this will qualify for a 'Yes' resolution, regardless of whether it is shaded red in the ISW map. An announcement of a negotiated settlement which gives Russia de jure control will not qualify. Actual control must be established. Once Russia captures the railroad station, any subsequent loss of control will not be considered towards the resolution of this market. Train Station Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station+zoom.png Train Station Location in Lyman: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station.jpeg Lyman Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman.jpeg Location on Google maps: https://maps.app.goo.gl/zeVSXaeDH93mF2WPA The primary resolution source for this market will be the ISW Ukraine map. If the ISW map is rendered unavailable, information from DeepStateMap (https://deepstatemap.live/) may be used. If information from both the ISW and DeepStateMap are rendered permanently unavailable, a consensus of credible reporting may be used. Note: Any temporary glitches or errors in the map will not be considered.This market will resolve to “Yes” if, according to the ISW map, Russia captures the Lyman railroad station located on Vulytsya Pryvokzalʹna by April 30, 2026, at 11:59 PM ET. The railroad station will be considered captured if any part of the train station icon is shaded red on the ISW map (https://storymaps.arcgis.com/stories/36a7f6a6f5a9448496de641cf64bd375) by the resolution date. If the area is not shaded red by April 30, 2026, 11:59 PM ET, the market will resolve to “No”. For any change on the ISW map to qualify for this market’s resolution, the relevant shading indicating Russian control must persist through the next full ISW daily update cycle. If ISW skips a day, shading must persist until the next finalized ISW update is published, regardless of the date. Any continuous shading which reflects either “Assessed Russian Control”, “Assessed Russian Advance In Ukraine”, or “Assessed Russian Gains in the Past 24 Hours” will qualify. “Assessed Russian Infiltration Areas in Ukraine” will not qualify. If Russia comes into control of this territory as a result of a negotiated settlement, this will qualify for a 'Yes' resolution, regardless of whether it is shaded red in the ISW map. An announcement of a negotiated settlement which gives Russia de jure control will not qualify. Actual control must be established. Once Russia captures the railroad station, any subsequent loss of control will not be considered towards the resolution of this market. Train Station Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station+zoom.png Train Station Location in Lyman: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station.jpeg Lyman Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman.jpeg Location on Google maps: https://maps.app.goo.gl/zeVSXaeDH93mF2WPA The primary resolution source for this market will be the ISW Ukraine map. If the ISW map is rendered unavailable, information from DeepStateMap (https://deepstatemap.live/) may be used. If information from both the ISW and DeepStateMap are rendered permanently unavailable, a consensus of credible reporting may be used. Note: Any temporary glitches or errors in the map will not be considered.This market will resolve to “Yes” if, according to the ISW map, Russia captures the Lyman railroad station located on Vulytsya Pryvokzalʹna by May 31, 2026, at 11:59 PM ET. The railroad station will be considered captured if any part of the train station icon is shaded red on the ISW map (https://storymaps.arcgis.com/stories/36a7f6a6f5a9448496de641cf64bd375) by the resolution date. If the area is not shaded red by May 31, 2026, 11:59 PM ET, the market will resolve to “No”. For any change on the ISW map to qualify for this market’s resolution, the relevant shading indicating Russian control must persist through the next full ISW daily update cycle. If ISW skips a day, shading must persist until the next finalized ISW update is published, regardless of the date. Any continuous shading which reflects either “Assessed Russian Control”, “Assessed Russian Advance In Ukraine”, or “Assessed Russian Gains in the Past 24 Hours” will qualify. “Assessed Russian Infiltration Areas in Ukraine” will not qualify. If Russia comes into control of this territory as a result of a negotiated settlement, this will qualify for a 'Yes' resolution, regardless of whether it is shaded red in the ISW map. An announcement of a negotiated settlement which gives Russia de jure control will not qualify. Actual control must be established. Once Russia captures the railroad station, any subsequent loss of control will not be considered towards the resolution of this market. Train Station Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station+zoom.png Train Station Location in Lyman: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station.jpeg Lyman Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman.jpeg Location on Google maps: https://maps.app.goo.gl/zeVSXaeDH93mF2WPA The primary resolution source for this market will be the ISW Ukraine map. If the ISW map is rendered unavailable, information from DeepStateMap (https://deepstatemap.live/) may be used. If information from both the ISW and DeepStateMap are rendered permanently unavailable, a consensus of credible reporting may be used. Note: Any temporary glitches or errors in the map will not be considered.This market will resolve to “Yes” if, according to the ISW map, Russia captures the Lyman railroad station located on Vulytsya Pryvokzalʹna by June 30, 2026, at 11:59 PM ET. The railroad station will be considered captured if any part of the train station icon is shaded red on the ISW map (https://storymaps.arcgis.com/stories/36a7f6a6f5a9448496de641cf64bd375) by the resolution date. If the area is not shaded red by June 30, 2026, 11:59 PM ET, the market will resolve to “No”. For any change on the ISW map to qualify for this market’s resolution, the relevant shading indicating Russian control must persist through the next full ISW daily update cycle. If ISW skips a day, shading must persist until the next finalized ISW update is published, regardless of the date. Any continuous shading which reflects either “Assessed Russian Control”, “Assessed Russian Advance In Ukraine”, or “Assessed Russian Gains in the Past 24 Hours” will qualify. “Assessed Russian Infiltration Areas in Ukraine” will not qualify. If Russia comes into control of this territory as a result of a negotiated settlement, this will qualify for a 'Yes' resolution, regardless of whether it is shaded red in the ISW map. An announcement of a negotiated settlement which gives Russia de jure control will not qualify. Actual control must be established. Once Russia captures the railroad station, any subsequent loss of control will not be considered towards the resolution of this market. Train Station Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station+zoom.png Train Station Location in Lyman: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station.jpeg Lyman Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman.jpeg Location on Google maps: https://maps.app.goo.gl/zeVSXaeDH93mF2WPA The primary resolution source for this market will be the ISW Ukraine map. If the ISW map is rendered unavailable, information from DeepStateMap (https://deepstatemap.live/) may be used. If information from both the ISW and DeepStateMap are rendered permanently unavailable, a consensus of credible reporting may be used. Note: Any temporary glitches or errors in the map will not be considered.Ukrainian forces have conducted a successful counteroffensive known as Operation Vivaldi north of Lyman, pushing Russian units back across the Chornyi Zherebets River and disrupting attempts to encircle the Fortress Belt toward Sloviansk and Kramatorsk. Russian forces continue small-scale infantry assaults and limited infiltrations in the Lyman sector but have failed to consolidate gains or advance meaningfully, according to geolocated assessments. Overall Russian territorial gains have slowed sharply in 2026, with exaggerated official claims contrasting independent evaluations of minimal net progress. These battlefield dynamics, including Ukrainian drone strikes on Russian positions and restored defensive maneuver, underpin trader consensus assigning a modest probability to full Russian capture of Lyman by year-end.

This market will resolve to “Yes” if, according to the ISW map, Russia captures the Lyman railroad station located on Vulytsya Pryvokzalʹna by September 30, 2026, at 11:59 PM ET.

The railroad station will be considered captured if any part of the train station icon is shaded red on the ISW map (https://storymaps.arcgis.com/stories/36a7f6a6f5a9448496de641cf64bd375) by the resolution date. If the area is not shaded red by September 30, 2026, 11:59 PM ET, the market will resolve to “No”.

For any change on the ISW map to qualify for this market’s resolution, the relevant shading indicating Russian control must persist through the next full ISW daily update cycle. If ISW skips a day, shading must persist until the next finalized ISW update is published, regardless of the date. Any continuous shading which reflects either “Assessed Russian Control”, “Assessed Russian Advance In Ukraine”, or “Assessed Russian Gains in the Past 24 Hours” will qualify. “Assessed Russian Infiltration Areas in Ukraine” will not qualify.

If Russia comes into control of this territory as a result of a negotiated settlement, this will qualify for a 'Yes' resolution, regardless of whether it is shaded red in the ISW map. An announcement of a negotiated settlement which gives Russia de jure control will not qualify. Actual control must be established.

Once Russia captures the railroad station, any subsequent loss of control will not be considered towards the resolution of this market.

Train Station Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station+zoom.png

Train Station Location in Lyman: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station.jpeg

Lyman Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman.jpeg

Location on Google maps: https://maps.app.goo.gl/zeVSXaeDH93mF2WPA

The primary resolution source for this market will be the ISW Ukraine map. If the ISW map is rendered unavailable, information from DeepStateMap (https://deepstatemap.live/) may be used. If information from both the ISW and DeepStateMap are rendered permanently unavailable, a consensus of credible reporting may be used.

Note: Any temporary glitches or errors in the map will not be considered.This market will resolve to “Yes” if, according to the ISW map, Russia captures the Lyman railroad station located on Vulytsya Pryvokzalʹna by September 30, 2026, at 11:59 PM ET. The railroad station will be considered captured if any part of the train station icon is shaded red on the ISW map (https://storymaps.arcgis.com/stories/36a7f6a6f5a9448496de641cf64bd375) by the resolution date. If the area is not shaded red by September 30, 2026, 11:59 PM ET, the market will resolve to “No”. For any change on the ISW map to qualify for this market’s resolution, the relevant shading indicating Russian control must persist through the next full ISW daily update cycle. If ISW skips a day, shading must persist until the next finalized ISW update is published, regardless of the date. Any continuous shading which reflects either “Assessed Russian Control”, “Assessed Russian Advance In Ukraine”, or “Assessed Russian Gains in the Past 24 Hours” will qualify. “Assessed Russian Infiltration Areas in Ukraine” will not qualify. If Russia comes into control of this territory as a result of a negotiated settlement, this will qualify for a 'Yes' resolution, regardless of whether it is shaded red in the ISW map. An announcement of a negotiated settlement which gives Russia de jure control will not qualify. Actual control must be established. Once Russia captures the railroad station, any subsequent loss of control will not be considered towards the resolution of this market. Train Station Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station+zoom.png Train Station Location in Lyman: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station.jpeg Lyman Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman.jpeg Location on Google maps: https://maps.app.goo.gl/zeVSXaeDH93mF2WPA The primary resolution source for this market will be the ISW Ukraine map. If the ISW map is rendered unavailable, information from DeepStateMap (https://deepstatemap.live/) may be used. If information from both the ISW and DeepStateMap are rendered permanently unavailable, a consensus of credible reporting may be used. Note: Any temporary glitches or errors in the map will not be considered.
Volume
$3,063,837
End Date
Jan 1, 2027
Market Opened
Jun 24, 2026, 8:14 PM ET

Resolver

0x65070BE91...
This market will resolve to “Yes” if, according to the ISW map, Russia captures the Lyman railroad station located on Vulytsya Pryvokzalʹna by September 30, 2026, at 11:59 PM ET. The railroad station will be considered captured if any part of the train station icon is shaded red on the ISW map (https://storymaps.arcgis.com/stories/36a7f6a6f5a9448496de641cf64bd375) by the resolution date. If the area is not shaded red by September 30, 2026, 11:59 PM ET, the market will resolve to “No”. For any change on the ISW map to qualify for this market’s resolution, the relevant shading indicating Russian control must persist through the next full ISW daily update cycle. If ISW skips a day, shading must persist until the next finalized ISW update is published, regardless of the date. Any continuous shading which reflects either “Assessed Russian Control”, “Assessed Russian Advance In Ukraine”, or “Assessed Russian Gains in the Past 24 Hours” will qualify. “Assessed Russian Infiltration Areas in Ukraine” will not qualify. If Russia comes into control of this territory as a result of a negotiated settlement, this will qualify for a 'Yes' resolution, regardless of whether it is shaded red in the ISW map. An announcement of a negotiated settlement which gives Russia de jure control will not qualify. Actual control must be established. Once Russia captures the railroad station, any subsequent loss of control will not be considered towards the resolution of this market. Train Station Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station+zoom.png Train Station Location in Lyman: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station.jpeg Lyman Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman.jpeg Location on Google maps: https://maps.app.goo.gl/zeVSXaeDH93mF2WPA The primary resolution source for this market will be the ISW Ukraine map. If the ISW map is rendered unavailable, information from DeepStateMap (https://deepstatemap.live/) may be used. If information from both the ISW and DeepStateMap are rendered permanently unavailable, a consensus of credible reporting may be used. Note: Any temporary glitches or errors in the map will not be considered.This market will resolve to “Yes” if, according to the ISW map, Russia captures the Lyman railroad station located on Vulytsya Pryvokzalʹna by December 31, 2026, at 11:59 PM ET. The railroad station will be considered captured if any part of the train station icon is shaded red on the ISW map (https://storymaps.arcgis.com/stories/36a7f6a6f5a9448496de641cf64bd375) by the resolution date. If the area is not shaded red by December 31, 2026, 11:59 PM ET, the market will resolve to “No”. For any change on the ISW map to qualify for this market’s resolution, the relevant shading indicating Russian control must persist through the next full ISW daily update cycle. If ISW skips a day, shading must persist until the next finalized ISW update is published, regardless of the date. Any continuous shading which reflects either “Assessed Russian Control”, “Assessed Russian Advance In Ukraine”, or “Assessed Russian Gains in the Past 24 Hours” will qualify. “Assessed Russian Infiltration Areas in Ukraine” will not qualify. If Russia comes into control of this territory as a result of a negotiated settlement, this will qualify for a 'Yes' resolution, regardless of whether it is shaded red in the ISW map. An announcement of a negotiated settlement which gives Russia de jure control will not qualify. Actual control must be established. Once Russia captures the railroad station, any subsequent loss of control will not be considered towards the resolution of this market. Train Station Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station+zoom.png Train Station Location in Lyman: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station.jpeg Lyman Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman.jpeg Location on Google maps: https://maps.app.goo.gl/zeVSXaeDH93mF2WPA The primary resolution source for this market will be the ISW Ukraine map. If the ISW map is rendered unavailable, information from DeepStateMap (https://deepstatemap.live/) may be used. If information from both the ISW and DeepStateMap are rendered permanently unavailable, a consensus of credible reporting may be used. Note: Any temporary glitches or errors in the map will not be considered.This market will resolve to “Yes” if, according to the ISW map, Russia captures the Lyman railroad station located on Vulytsya Pryvokzalʹna by November 30, 2025, at 11:59 PM ET. The railroad station will be considered captured if any part of the train station icon is shaded red on the ISW map (https://storymaps.arcgis.com/stories/36a7f6a6f5a9448496de641cf64bd375) by the resolution date. If the area is not shaded red by November 30, 2025, 11:59 PM ET, the market will resolve to “No”. If Russia comes into control of this territory as a result of a negotiated settlement, this will qualify for a 'Yes' resolution, regardless of whether it is shaded red in the ISW map. An announcement of a negotiated settlement which gives Russia de jure control will not qualify. Actual control must be established. Once Russia captures the railroad station, any subsequent loss of control will not be considered towards the resolution of this market. Train Station Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station+zoom.png Train Station Location in Lyman: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station.jpeg Lyman Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman.jpeg Location on Google maps: https://maps.app.goo.gl/zeVSXaeDH93mF2WPA The primary resolution source for this market will be the ISW Ukraine map. If the ISW map is rendered unavailable, information from DeepStateMap (https://deepstatemap.live/) may be used. If information from both the ISW and DeepStateMap are rendered permanently unavailable, a consensus of credible reporting may be used. Note: Any temporary glitches or errors in the map will not be considered.This market will resolve to “Yes” if, according to the ISW map, Russia captures the Lyman railroad station located on Vulytsya Pryvokzalʹna by December 31, 2025, at 11:59 PM ET. The railroad station will be considered captured if any part of the train station icon is shaded red on the ISW map (https://storymaps.arcgis.com/stories/36a7f6a6f5a9448496de641cf64bd375) by the resolution date. If the area is not shaded red by December 31, 2025, 11:59 PM ET, the market will resolve to “No”. If Russia comes into control of this territory as a result of a negotiated settlement, this will qualify for a 'Yes' resolution, regardless of whether it is shaded red in the ISW map. An announcement of a negotiated settlement which gives Russia de jure control will not qualify. Actual control must be established. Once Russia captures the railroad station, any subsequent loss of control will not be considered towards the resolution of this market. Train Station Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station+zoom.png Train Station Location in Lyman: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station.jpeg Lyman Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman.jpeg Location on Google maps: https://maps.app.goo.gl/zeVSXaeDH93mF2WPA The primary resolution source for this market will be the ISW Ukraine map. If the ISW map is rendered unavailable, information from DeepStateMap (https://deepstatemap.live/) may be used. If information from both the ISW and DeepStateMap are rendered permanently unavailable, a consensus of credible reporting may be used. Note: Any temporary glitches or errors in the map will not be considered.This market will resolve to “Yes” if, according to the ISW map, Russia captures the Lyman railroad station located on Vulytsya Pryvokzalʹna by January 31, 2026, at 11:59 PM ET. The railroad station will be considered captured if any part of the train station icon is shaded red on the ISW map (https://storymaps.arcgis.com/stories/36a7f6a6f5a9448496de641cf64bd375) by the resolution date. If the area is not shaded red by January 31, 2026, 11:59 PM ET, the market will resolve to “No”. For any change on the ISW map to qualify for this market’s resolution, the relevant shading indicating Russian control must persist through the next full ISW daily update cycle. If ISW skips a day, shading must persist until the next finalized ISW update is published, regardless of the date. Any continuous shading which reflects either “Assessed Russian Control”, “Assessed Russian Advance In Ukraine”, or “Assessed Russian Gains in the Past 24 Hours” will qualify. “Assessed Russian Infiltration Areas in Ukraine” will not qualify. If Russia comes into control of this territory as a result of a negotiated settlement, this will qualify for a 'Yes' resolution, regardless of whether it is shaded red in the ISW map. An announcement of a negotiated settlement which gives Russia de jure control will not qualify. Actual control must be established. Once Russia captures the railroad station, any subsequent loss of control will not be considered towards the resolution of this market. Train Station Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station+zoom.png Train Station Location in Lyman: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station.jpeg Lyman Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman.jpeg Location on Google maps: https://maps.app.goo.gl/zeVSXaeDH93mF2WPA The primary resolution source for this market will be the ISW Ukraine map. If the ISW map is rendered unavailable, information from DeepStateMap (https://deepstatemap.live/) may be used. If information from both the ISW and DeepStateMap are rendered permanently unavailable, a consensus of credible reporting may be used. Note: Any temporary glitches or errors in the map will not be considered.This market will resolve to “Yes” if, according to the ISW map, Russia captures the Lyman railroad station located on Vulytsya Pryvokzalʹna by February 28, 2026, at 11:59 PM ET. The railroad station will be considered captured if any part of the train station icon is shaded red on the ISW map (https://storymaps.arcgis.com/stories/36a7f6a6f5a9448496de641cf64bd375) by the resolution date. If the area is not shaded red by February 28, 2026, 11:59 PM ET, the market will resolve to “No”. For any change on the ISW map to qualify for this market’s resolution, the relevant shading indicating Russian control must persist through the next full ISW daily update cycle. If ISW skips a day, shading must persist until the next finalized ISW update is published, regardless of the date. Any continuous shading which reflects either “Assessed Russian Control”, “Assessed Russian Advance In Ukraine”, or “Assessed Russian Gains in the Past 24 Hours” will qualify. “Assessed Russian Infiltration Areas in Ukraine” will not qualify. If Russia comes into control of this territory as a result of a negotiated settlement, this will qualify for a 'Yes' resolution, regardless of whether it is shaded red in the ISW map. An announcement of a negotiated settlement which gives Russia de jure control will not qualify. Actual control must be established. Once Russia captures the railroad station, any subsequent loss of control will not be considered towards the resolution of this market. Train Station Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station+zoom.png Train Station Location in Lyman: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station.jpeg Lyman Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman.jpeg Location on Google maps: https://maps.app.goo.gl/zeVSXaeDH93mF2WPA The primary resolution source for this market will be the ISW Ukraine map. If the ISW map is rendered unavailable, information from DeepStateMap (https://deepstatemap.live/) may be used. If information from both the ISW and DeepStateMap are rendered permanently unavailable, a consensus of credible reporting may be used. Note: Any temporary glitches or errors in the map will not be considered.This market will resolve to “Yes” if, according to the ISW map, Russia captures the Lyman railroad station located on Vulytsya Pryvokzalʹna by March 31, 2026, at 11:59 PM ET. The railroad station will be considered captured if any part of the train station icon is shaded red on the ISW map (https://storymaps.arcgis.com/stories/36a7f6a6f5a9448496de641cf64bd375) by the resolution date. If the area is not shaded red by March 31, 2026, 11:59 PM ET, the market will resolve to “No”. For any change on the ISW map to qualify for this market’s resolution, the relevant shading indicating Russian control must persist through the next full ISW daily update cycle. If ISW skips a day, shading must persist until the next finalized ISW update is published, regardless of the date. Any continuous shading which reflects either “Assessed Russian Control”, “Assessed Russian Advance In Ukraine”, or “Assessed Russian Gains in the Past 24 Hours” will qualify. “Assessed Russian Infiltration Areas in Ukraine” will not qualify. If Russia comes into control of this territory as a result of a negotiated settlement, this will qualify for a 'Yes' resolution, regardless of whether it is shaded red in the ISW map. An announcement of a negotiated settlement which gives Russia de jure control will not qualify. Actual control must be established. Once Russia captures the railroad station, any subsequent loss of control will not be considered towards the resolution of this market. Train Station Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station+zoom.png Train Station Location in Lyman: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station.jpeg Lyman Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman.jpeg Location on Google maps: https://maps.app.goo.gl/zeVSXaeDH93mF2WPA The primary resolution source for this market will be the ISW Ukraine map. If the ISW map is rendered unavailable, information from DeepStateMap (https://deepstatemap.live/) may be used. If information from both the ISW and DeepStateMap are rendered permanently unavailable, a consensus of credible reporting may be used. Note: Any temporary glitches or errors in the map will not be considered.This market will resolve to “Yes” if, according to the ISW map, Russia captures the Lyman railroad station located on Vulytsya Pryvokzalʹna by April 30, 2026, at 11:59 PM ET. The railroad station will be considered captured if any part of the train station icon is shaded red on the ISW map (https://storymaps.arcgis.com/stories/36a7f6a6f5a9448496de641cf64bd375) by the resolution date. If the area is not shaded red by April 30, 2026, 11:59 PM ET, the market will resolve to “No”. For any change on the ISW map to qualify for this market’s resolution, the relevant shading indicating Russian control must persist through the next full ISW daily update cycle. If ISW skips a day, shading must persist until the next finalized ISW update is published, regardless of the date. Any continuous shading which reflects either “Assessed Russian Control”, “Assessed Russian Advance In Ukraine”, or “Assessed Russian Gains in the Past 24 Hours” will qualify. “Assessed Russian Infiltration Areas in Ukraine” will not qualify. If Russia comes into control of this territory as a result of a negotiated settlement, this will qualify for a 'Yes' resolution, regardless of whether it is shaded red in the ISW map. An announcement of a negotiated settlement which gives Russia de jure control will not qualify. Actual control must be established. Once Russia captures the railroad station, any subsequent loss of control will not be considered towards the resolution of this market. Train Station Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station+zoom.png Train Station Location in Lyman: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station.jpeg Lyman Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman.jpeg Location on Google maps: https://maps.app.goo.gl/zeVSXaeDH93mF2WPA The primary resolution source for this market will be the ISW Ukraine map. If the ISW map is rendered unavailable, information from DeepStateMap (https://deepstatemap.live/) may be used. If information from both the ISW and DeepStateMap are rendered permanently unavailable, a consensus of credible reporting may be used. Note: Any temporary glitches or errors in the map will not be considered.This market will resolve to “Yes” if, according to the ISW map, Russia captures the Lyman railroad station located on Vulytsya Pryvokzalʹna by May 31, 2026, at 11:59 PM ET. The railroad station will be considered captured if any part of the train station icon is shaded red on the ISW map (https://storymaps.arcgis.com/stories/36a7f6a6f5a9448496de641cf64bd375) by the resolution date. If the area is not shaded red by May 31, 2026, 11:59 PM ET, the market will resolve to “No”. For any change on the ISW map to qualify for this market’s resolution, the relevant shading indicating Russian control must persist through the next full ISW daily update cycle. If ISW skips a day, shading must persist until the next finalized ISW update is published, regardless of the date. Any continuous shading which reflects either “Assessed Russian Control”, “Assessed Russian Advance In Ukraine”, or “Assessed Russian Gains in the Past 24 Hours” will qualify. “Assessed Russian Infiltration Areas in Ukraine” will not qualify. If Russia comes into control of this territory as a result of a negotiated settlement, this will qualify for a 'Yes' resolution, regardless of whether it is shaded red in the ISW map. An announcement of a negotiated settlement which gives Russia de jure control will not qualify. Actual control must be established. Once Russia captures the railroad station, any subsequent loss of control will not be considered towards the resolution of this market. Train Station Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station+zoom.png Train Station Location in Lyman: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station.jpeg Lyman Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman.jpeg Location on Google maps: https://maps.app.goo.gl/zeVSXaeDH93mF2WPA The primary resolution source for this market will be the ISW Ukraine map. If the ISW map is rendered unavailable, information from DeepStateMap (https://deepstatemap.live/) may be used. If information from both the ISW and DeepStateMap are rendered permanently unavailable, a consensus of credible reporting may be used. Note: Any temporary glitches or errors in the map will not be considered.This market will resolve to “Yes” if, according to the ISW map, Russia captures the Lyman railroad station located on Vulytsya Pryvokzalʹna by June 30, 2026, at 11:59 PM ET. The railroad station will be considered captured if any part of the train station icon is shaded red on the ISW map (https://storymaps.arcgis.com/stories/36a7f6a6f5a9448496de641cf64bd375) by the resolution date. If the area is not shaded red by June 30, 2026, 11:59 PM ET, the market will resolve to “No”. For any change on the ISW map to qualify for this market’s resolution, the relevant shading indicating Russian control must persist through the next full ISW daily update cycle. If ISW skips a day, shading must persist until the next finalized ISW update is published, regardless of the date. Any continuous shading which reflects either “Assessed Russian Control”, “Assessed Russian Advance In Ukraine”, or “Assessed Russian Gains in the Past 24 Hours” will qualify. “Assessed Russian Infiltration Areas in Ukraine” will not qualify. If Russia comes into control of this territory as a result of a negotiated settlement, this will qualify for a 'Yes' resolution, regardless of whether it is shaded red in the ISW map. An announcement of a negotiated settlement which gives Russia de jure control will not qualify. Actual control must be established. Once Russia captures the railroad station, any subsequent loss of control will not be considered towards the resolution of this market. Train Station Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station+zoom.png Train Station Location in Lyman: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station.jpeg Lyman Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman.jpeg Location on Google maps: https://maps.app.goo.gl/zeVSXaeDH93mF2WPA The primary resolution source for this market will be the ISW Ukraine map. If the ISW map is rendered unavailable, information from DeepStateMap (https://deepstatemap.live/) may be used. If information from both the ISW and DeepStateMap are rendered permanently unavailable, a consensus of credible reporting may be used. Note: Any temporary glitches or errors in the map will not be considered.Ukrainian forces have conducted a successful counteroffensive known as Operation Vivaldi north of Lyman, pushing Russian units back across the Chornyi Zherebets River and disrupting attempts to encircle the Fortress Belt toward Sloviansk and Kramatorsk. Russian forces continue small-scale infantry assaults and limited infiltrations in the Lyman sector but have failed to consolidate gains or advance meaningfully, according to geolocated assessments. Overall Russian territorial gains have slowed sharply in 2026, with exaggerated official claims contrasting independent evaluations of minimal net progress. These battlefield dynamics, including Ukrainian drone strikes on Russian positions and restored defensive maneuver, underpin trader consensus assigning a modest probability to full Russian capture of Lyman by year-end.

This market will resolve to “Yes” if, according to the ISW map, Russia captures the Lyman railroad station located on Vulytsya Pryvokzalʹna by September 30, 2026, at 11:59 PM ET.

The railroad station will be considered captured if any part of the train station icon is shaded red on the ISW map (https://storymaps.arcgis.com/stories/36a7f6a6f5a9448496de641cf64bd375) by the resolution date. If the area is not shaded red by September 30, 2026, 11:59 PM ET, the market will resolve to “No”.

For any change on the ISW map to qualify for this market’s resolution, the relevant shading indicating Russian control must persist through the next full ISW daily update cycle. If ISW skips a day, shading must persist until the next finalized ISW update is published, regardless of the date. Any continuous shading which reflects either “Assessed Russian Control”, “Assessed Russian Advance In Ukraine”, or “Assessed Russian Gains in the Past 24 Hours” will qualify. “Assessed Russian Infiltration Areas in Ukraine” will not qualify.

If Russia comes into control of this territory as a result of a negotiated settlement, this will qualify for a 'Yes' resolution, regardless of whether it is shaded red in the ISW map. An announcement of a negotiated settlement which gives Russia de jure control will not qualify. Actual control must be established.

Once Russia captures the railroad station, any subsequent loss of control will not be considered towards the resolution of this market.

Train Station Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station+zoom.png

Train Station Location in Lyman: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station.jpeg

Lyman Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman.jpeg

Location on Google maps: https://maps.app.goo.gl/zeVSXaeDH93mF2WPA

The primary resolution source for this market will be the ISW Ukraine map. If the ISW map is rendered unavailable, information from DeepStateMap (https://deepstatemap.live/) may be used. If information from both the ISW and DeepStateMap are rendered permanently unavailable, a consensus of credible reporting may be used.

Note: Any temporary glitches or errors in the map will not be considered.This market will resolve to “Yes” if, according to the ISW map, Russia captures the Lyman railroad station located on Vulytsya Pryvokzalʹna by September 30, 2026, at 11:59 PM ET. The railroad station will be considered captured if any part of the train station icon is shaded red on the ISW map (https://storymaps.arcgis.com/stories/36a7f6a6f5a9448496de641cf64bd375) by the resolution date. If the area is not shaded red by September 30, 2026, 11:59 PM ET, the market will resolve to “No”. For any change on the ISW map to qualify for this market’s resolution, the relevant shading indicating Russian control must persist through the next full ISW daily update cycle. If ISW skips a day, shading must persist until the next finalized ISW update is published, regardless of the date. Any continuous shading which reflects either “Assessed Russian Control”, “Assessed Russian Advance In Ukraine”, or “Assessed Russian Gains in the Past 24 Hours” will qualify. “Assessed Russian Infiltration Areas in Ukraine” will not qualify. If Russia comes into control of this territory as a result of a negotiated settlement, this will qualify for a 'Yes' resolution, regardless of whether it is shaded red in the ISW map. An announcement of a negotiated settlement which gives Russia de jure control will not qualify. Actual control must be established. Once Russia captures the railroad station, any subsequent loss of control will not be considered towards the resolution of this market. Train Station Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station+zoom.png Train Station Location in Lyman: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman+train+station.jpeg Lyman Location: https://polymarket-upload.s3.us-east-2.amazonaws.com/lyman.jpeg Location on Google maps: https://maps.app.goo.gl/zeVSXaeDH93mF2WPA The primary resolution source for this market will be the ISW Ukraine map. If the ISW map is rendered unavailable, information from DeepStateMap (https://deepstatemap.live/) may be used. If information from both the ISW and DeepStateMap are rendered permanently unavailable, a consensus of credible reporting may be used. Note: Any temporary glitches or errors in the map will not be considered.
Volume
$3,063,837
End Date
Jan 1, 2027
Market Opened
Jun 24, 2026, 8:14 PM ET

Resolver

0x65070BE91...

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Frequently Asked Questions

"Will Russia capture Lyman by...?" is a prediction market on Polymarket with 10 possible outcomes where traders buy and sell shares based on what they believe will happen. The current leading outcome is "December 31" at 5%, followed by "September 30" at 2%. Prices reflect real-time crowd-sourced probabilities. For example, a share priced at 5¢ implies that the market collectively assigns a 5% chance to that outcome. These odds shift continuously as traders react to new developments and information. Shares in the correct outcome are redeemable for $1 each upon market resolution.

As of today, "Will Russia capture Lyman by...?" has generated $3.1 million in total trading volume since the market launched on Jul 22, 2025. This level of trading activity reflects strong engagement from the Polymarket community and helps ensure that the current odds are informed by a deep pool of market participants. You can track live price movements and trade on any outcome directly on this page.

To trade on "Will Russia capture Lyman by...?," browse the 10 available outcomes listed on this page. Each outcome displays a current price representing the market's implied probability. To take a position, select the outcome you believe is most likely, choose "Yes" to trade in favor of it or "No" to trade against it, enter your amount, and click "Trade." If your chosen outcome is correct when the market resolves, your "Yes" shares pay out $1 each. If it's incorrect, they pay out $0. You can also sell your shares at any time before resolution if you want to lock in a profit or cut a loss.

This is a wide-open market. The current leader for "Will Russia capture Lyman by...?" is "December 31" at just 5%, with "September 30" close behind at 2%. With no outcome commanding a strong majority, traders see this as highly uncertain, which can present unique trading opportunities. These odds update in real-time, so bookmark this page to watch how the probabilities evolve.

The resolution rules for "Will Russia capture Lyman by...?" define exactly what needs to happen for each outcome to be declared a winner — including the official data sources used to determine the result. You can review the complete resolution criteria in the "Rules" section on this page above the comments. We recommend reading the rules carefully before trading, as they specify the precise conditions, edge cases, and sources that govern how this market is settled.