This market will resolve to the individual who officially holds the position of the head of state of Venezuela on Dec 31, 2026 at 12 PM ET.

For the purposes of this market, "officially holds" refers to the individual that was formally appointed, confirmed (if confirmation is required), and sworn in as the head of state of Venezuela or otherwise confirmed by official government information as being the head of state of Venezuela. 

If the Venezuelan government does not clearly state who is the head of state, the market will resolve to the individual who is listed as the Head of State by the UN (see: https://www.un.org/dgacm/en/content/protocol/hshgnfa).  

In the event that more than one official head of state is listed by the Venezuelan  government, this market will resolve to the individual who is listed as having primary status. If no distinction is made, the market will resolve to the individual who first assumed the position. 

If no individual holds the position this market will resolve to “No Head of State”. 

The following do NOT constitute "officially holding" the role: nominated, announced, or designated as the head of state of Venezuela but appointment not yet effective; appointed with an effective date after Dec 31, 2026; previously served as the head of state of Venezuela but term has expired, resigned, or been terminated before Dec 31, 2026; serving as the head of state of Venezuela in a consultant, contractor, or unofficial capacity; named as successor or heir apparent to the head of state of Venezuela but not yet appointed; or holding a different role with oversight of the head of state of Venezuela but not the specified position itself.

The primary resolution source will be official information from the UN recognized government of Venezuela. If the Government of Venezuela does not clearly state who is the head of state, information from the UN and a consensus of credible reporting may be used. 

Note: this market is mutually exclusive. 


Nicolás Maduro

Delcy Rodríguez

María Corina Machado

Venezuela leader end of 2026?

This market will resolve to "Yes" if the United States commences a military offensive intended to establish control over any portion of Cuban land territory by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

For the purposes of this market, land de facto controlled by Cuba or the United States as market creation, will be considered the sovereign territory of that country.

The resolution source for this market will be a consensus of credible sources.

Will the U.S. invade Cuba in 2026?

This market will resolve to "Yes" if a US-initiated drone, missile, or air strike on the soil of Cuba is announced or credibly reported to have occurred by the listed date ET. Otherwise, this market will resolve to "No".

For the purposes of this market, a qualifying "strike" is defined as the use of aerial bombs, drones, or missiles (including FPV and ATGM strikes as well as cruise or ballistic missiles) launched by any United States operatives, including military forces, intelligence agencies, or other U.S. government operatives, that physically impact ground territory within the listed country.

A strike on any area within the terrestrial territory (including rivers, lakes, ports, but excluding territorial sea) of the listed country counts.

Missiles or drones that are intercepted and surface-to-air missile strikes will not be sufficient for a "Yes" resolution, regardless of whether they land territory or cause damage.

Actions such as artillery fire, small arms fire, ground incursions, naval shelling, or cyberattacks will not qualify.

Any strike occurring during this market’s timeframe that is claimed by either Donald Trump or the U.S. government will qualify.

The primary resolution source will be a consensus of credible reporting.

This market will remain open until the end of the second day after the resolution time. If the date/time of a qualifying strike cannot be confirmed by a consensus of credible reporting by that time, it will resolve to "No" regardless of whether a strike was later confirmed to have taken place.

December 31

January 31

March 31

US military action against Cuba by...?

Venezuelan President Nicolas Maduro was indicted in the Southern District of New York on January 3, 2026 on charges including Narco-Terrorism Conspiracy and Cocaine Importation Conspiracy. Maduro was indicted alongside alleged co-conspirators in an indictment titled "United States of America V. Nicolás Maduro Moros, Diosdado Cabello Rondón, Ramón Rodríguez Chacín, Cilia Adela Flores de Maduro, Nicolás Ernesto Maduro Guerra".

This market will resolve according to the prison sentence, if any, imposed on Nicolas Maduro (Nicolas Maduro Moros) relating to this indictment by December 31, 2027, 11:59 PM ET.

This market will resolve immediately based on the first sentence rendered in this case, regardless of any appeals. If Maduro is found not guilty, there is a mistrial, or if the first sentencing does not include any jail or prison time, this market will resolve to "No Prison Time."

If no sentencing takes place by December 31, 2027, 11:59 PM ET, this market will also resolve to "No Prison Time."

If Maduro is sentenced to life imprisonment without a specified numerical term of years, this market will resolve to the highest range bracket.

If the imposed sentence falls exactly between two brackets, this market will resolve to the higher range bracket.

For the purposes of this market, it does not matter whether the sentence is concurrent or consecutive to any existing sentence Maduro is already serving. The market will resolve based on the total prison sentence imposed in the first sentencing for this case.

The primary resolution source for this market will be official information from the United States court system or other involved U.S. government sources; however, a consensus of credible reporting may also be used.

No prison time

20–40

Maduro Prison Time?

This market will resolve to "Yes" if the United States commences a military offensive intended to establish control over any portion of Mexican land territory by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

For the purposes of this market, land de facto controlled by Mexico or the United States, as of market creation, will be considered the sovereign territory of that country.

The resolution source for this market will be a consensus of credible reporting.

Will the U.S. invade Mexico in 2026?

This market will resolve to the individual who de facto holds and exercises the powers of the head of state of Venezuela on December 31, 2026 at 12:00 PM ET.

For the purposes of this market, “de facto holds” refers to the individual who exercises primary governing authority over the Venezuelan state at that time, including effective control over the armed forces, national institutions, and core executive decision-making, regardless of formal title, constitutional designation, or international recognition.

Formal appointment, recognition by the United Nations, or recognition by foreign governments is not required.

If more than one individual claims to be head of state, this market will resolve to the individual who demonstrably exercises primary governing control within Venezuela’s territory at the specified time.

Indicators of de facto authority may include control over the armed forces and security services; control over executive ministries and state administrative institutions; enforcement of national laws; issuance of binding national directives; and effective control over the capital and core state infrastructure.

Symbolic status, foreign recognition without domestic control, nomination without effective authority, or expired prior service will not qualify.
If no individual exercises effective governing control at the specified time, this market will resolve to “No Head of State”.

The primary resolution source will be a consensus of credible reporting assessing who exercises effective governing authority at the specified time.

This market will resolve to the individual who de facto holds and exercises the powers of the head of state of Venezuela on December 31, 2026 at 12:00 PM ET.

For the purposes of this market, “de facto holds” refers to the individual who exercises primary executive authority over the Venezuelan state at that time, including effective control over the armed forces, national institutions, and core executive decision-making, regardless of formal title, constitutional designation, or international recognition.

Formal appointment, recognition by the United Nations, or recognition by foreign governments is not required.

If more than one individual claims to be head of state, this market will resolve to the individual who demonstrably exercises primary governing control within Venezuela’s territory at the specified time.

If no individual exercises effective governing control at the specified time, this market will resolve to “No Head of State”.

Indicators of de facto authority may include control over the armed forces and security services; control over executive ministries and state administrative institutions; enforcement of national laws; issuance of binding national directives; and effective control over the capital and core state infrastructure.

Symbolic status, foreign recognition without domestic control, nomination without effective authority, or expired prior service will not qualify.

The primary resolution source will be a consensus of credible reporting assessing who exercises effective governing authority at the specified time.

No Head of State

Venezuela de facto leader end of 2026?

This market will resolve to "Yes" any portion of Venezuela is formally annexed into the United States of America and becomes the 51st state between January 3, 2026, and December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

An official agreement that is announced will suffice to resolve this market to "Yes", regardless of when it is slated to go into effect. If any territory that includes no portion of Venezuelan land is made the 51st US state within this market's timeframe, this market will immediately resolve to "No".

The primary resolution source for this market will be information from the government of the United States, however a consensus of credible reporting will also be used.

Will Venezuela become 51st state?

This market will resolve to “Yes” if Delcy Rodríguez ceases to be Acting President/leader of Venezuela for any period of time between market creation and the specified date (ET). Otherwise, this market will resolve to “No”.

An announcement of Delcy Rodríguez's resignation/removal before this market's end date will immediately resolve this market to "Yes", regardless of when the announced resignation/removal goes into effect.

If the specified individual is detained, effectively removed from the specified position, or otherwise permanently prevented from fulfilling the duties of the specified position within this market’s timeframe, it will qualify for a “Yes” resolution.

The resolution source for this market will be official information from Delcy Rodríguez and the government of Venezuela; however, a consensus of credible reporting may also be used.

This market will resolve to “Yes” if Acting President Delcy Rodríguez ceases to be leader of Venezuela for any period of time between market creation and the specified date (ET). Otherwise, this market will resolve to “No”.

An announcement of Delcy Rodríguez's resignation/removal before this market's end date will immediately resolve this market to "Yes", regardless of when the announced resignation/removal goes into effect.

If the specified individual is detained, effectively removed from the specified position, or otherwise permanently prevented from fulfilling the duties of the specified position within this market’s timeframe, it will qualify for a “Yes” resolution.

The resolution source for this market will be official information from Delcy Rodríguez and the government of Venezuela; however, a consensus of credible reporting may also be used.

Delcy Rodríguez out as leader of Venezuela by...?

This market will resolve to "Yes" if the United States commences a military offensive intended to establish control over any portion of the land territory of Latin American country by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

For the purposes of this market, land de facto controlled by the relevant country or the United States as market creation, will be considered the sovereign territory of that country.

Qualifying Latin America countries: Belize, Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Guyana, Paraguay, Peru, Suriname, Uruguay, Venezuela,, Cuba, Dominican Republic, Haiti

The resolution source for this market will be a consensus of credible sources.

Will the U.S. invade a Latin American country in 2026?

This market will resolve to "Yes" if the next Venezuelan presidential election is scheduled by the specified date, 11:59 PM ET. Otherwise, this market will resolve to "No".

To qualify, the election must be scheduled to be held before 2030.

This market is about whether a date for the next Venezuelan presidential election is announced within this market's timeframe. Whether the election is supposed to take place within this market's timeframe or later will have no effect on the resolution of this market.

The primary resolution source for this market is official information from the government of Venezuela; however, a consensus of credible reporting may also be used.

Venezuela presidential election scheduled by...?

This market will resolve to "Yes" if a US-initiated drone, missile, or air strike on the soil of Mexico is announced or credibly reported to have occurred by the listed date ET. Otherwise, this market will resolve to "No".

For the purposes of this market, a qualifying "strike" is defined as the use of aerial bombs, drones, or missiles (including FPV and ATGM strikes as well as cruise or ballistic missiles) launched by any United States operatives, including military forces, intelligence agencies, or other U.S. government operatives, that physically impact ground territory within the listed country.

A strike on any area within the terrestrial territory (including rivers, lakes, ports, but excluding territorial sea) of the listed country counts.

Missiles or drones that are intercepted and surface-to-air missile strikes will not be sufficient for a "Yes" resolution, regardless of whether they land territory or cause damage.

Actions such as artillery fire, small arms fire, ground incursions, naval shelling, or cyberattacks will not qualify.

Any strike occurring during this market’s timeframe that is claimed by either Donald Trump or the U.S. government will qualify.

The primary resolution source will be a consensus of credible reporting.

This market will remain open until the end of the second day after the resolution time. If the date/time of a qualifying strike cannot be confirmed by a consensus of credible reporting by that time, it will resolve to "No" regardless of whether a strike was later confirmed to have taken place.

 March 31

US strike on Mexico by...?

This market will resolve to "Yes" if the United States commences a military offensive intended to establish control over any portion of Colombian land territory by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

For the purposes of this market, land de facto controlled by Colombia or the United States, as of market creation, will be considered the sovereign territory of that country.

The resolution source for this market will be a consensus of credible reporting.

Will the U.S. invade Colombia in 2026?

This market will resolve to "Yes" if Donald Trump publicly endorses or suggests María Corina Machado as Venezuelan state leader or president by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

If Donald Trump announces that he would prefer or endorses another individual, this market will immediately resolve to "No".

The resolution source for this market will be official information from Donald Trump or one of his representatives, or a consensus of credible reporting of Trump's endorsement.

Will Trump endorse María Corina Machado for Venezuela president in 2026?

This market will resolve to "Yes" if Nicolás Maduro is found guilty of all counts in the indictment 'UNITED STATES OF AMERICA V. NICOLAS MADURO MOROS[...]' (S4 11 Cr. 205 (AKH)) by December 31, 2027, 11:59 PM ET. Otherwise, this market will resolve to "No".

This market will resolve based on the initial verdict rendered by the court regarding Maduro’s indictment as of market creation (https://www.justice.gov/opa/media/1422326/dl).

If Nicolás Maduro is not found guilty of all counts in the referenced indictment by the resolution time, this market will resolve to “No.” This includes any outcome in which no trial occurs, or that does not result in a guilty verdict or a court-accepted guilty plea on all counts, such as acquittal on any count, partial conviction, mistrial, hung jury, or dismissal of any count.

The market will resolve according to the initial verdict rendered in this case. Any appeals will have no bearing on the resolution of this market.

The primary resolution source will be official information from the U.S. court system; however, a consensus of credible reporting may also be used.

Maduro guilty of all counts?

This market will resolve to "Yes" if the United States officially annexes any territory by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No."

Annexation is defined as an official declaration or legal act by the US government claiming sovereignty over territory they were not claiming at the time of this market's creation.

Qualifying examples of annexation include the Louisiana Purchase, however instances where settlers claim administrative control over land without a formal annexation will not count.

The primary resolution source for this market will be official information from the US government; however, a consensus of credible reporting may also be used.

Will US annex any territory in 2026?

This market will resolve to "Yes" if U.S. government personnel (including U.S. military, CIA, or any U.S. federal law enforcement agency) directly participate on the ground in an operation that results in the capture of a qualifying head of state by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

Only individuals who are the active head of state of a UN member state at the time of capture will qualify. Acting/interim heads of state will qualify if they are widely recognized as holding the head-of-state office at that time.

For the purposes of this market, “capture” means the head of state is taken into physical custody and detained (including arrest, detention, or seizure) such that they are no longer free to leave at will, even if only temporarily. Voluntary surrender may qualify if it results in immediate detention/custody.

U.S. personnel must directly participate on the ground to qualify. Intelligence, surveillance, planning, logistics, transport, support, funding, training, or advisory roles alone will not count, even if they materially contribute to the operation. If U.S. personnel are physically present in the operational area and take direct action (e.g., raiding, detaining, securing, physically transferring custody), it will qualify. U.S. government contractors will be considered to be U.S. personnel if they are confirmed to be acting under the direction of U.S. government authorities.

The primary resolution source for this market will be a consensus of credible reporting.

Will the US capture another world leader in 2026?

This market will resolve to “Yes”, if Venezuelan crude oil production is greater than or equal to the listed number of barrels per day for any month in 2026, according to the OPEC Monthly Oil Market Report published for each month.

The resolution source for this market will be the OPEC Monthly Oil Market Report, published each month in reference to the previous month at https://www.opec.org/monthly-oil-market-report.html. The relevant figure can be found in “Table 5-7 DoC crude oil production based on secondary sources, tb/d” under the column for the relevant month and the “Venezuela” row.

This market will resolve as soon as Venezuelan crude oil production is reported to be greater than or equal to the listed number. If the listed number has not been reached for any month by the release of the OPEC Monthly Oil Market Report for the reference month December 2026 (expected to be released in January 2027), this market will resolve to “No”. If no Opec Monthly Oil Market Report for the reference month December 2026 has been published by February 28, 2027, ET and the listed number has not been reached for any prior month, this market will resolve to “No”.

The resolution source for this market reports crude oil production in thousands of barrels per day. Thus, this is the level of precision that will be used when resolving this market. 

1.1m

1.2m

1.3m

Will Venezuelan crude oil production reach __ barrels per day in 2026?

This market will resolve to "Yes" if the Trump administration announces that the United States officially recognizes Maria Corina Machado as the leader of Venezuela by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

Roles that could qualify for leader of Venezuela status include, but are not limited to, "head of state," "president," or other similar roles that give her primary executive authority in the territory of Venezuela.

A qualifying US statement must be direct and unqualified. Conditional, hypothetical, supportive, or implied statements do not count.

The primary resolution source for this market will be official information from the US government and Donald Trump, however a consensus of credible reporting will also be used.

U.S. recognizes Machado

U.S. recognizes Machado as leader of Venezuela by December 31?

This market will resolve to “Yes” if the United States federal government formally charges or announces a criminal indictment of Cuban President Miguel Diaz-Canel between market creation and June 30, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”.

The primary resolution source for this market will be official information from US governmental sources, however a wide consensus of credible reporting will also be used.

This market will resolve to “Yes” if the United States federal government formally charges or announces a criminal indictment of Cuban President Miguel Diaz-Canel between market creation and December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”.

The primary resolution source for this market will be official information from US governmental sources, however a wide consensus of credible reporting will also be used.