
Updated 1 month ago
Markets currently assess an 18% risk of direct military engagement between Chinese and Philippine forces through the end of 2026. Qualifying incidents include missile strikes, artillery fire, or gunfire exchanges—but not warning shots or non-damaging actions.
Current Probability
If Yes wins
$1.01 return per $1
If No wins
$200.00 return per $1
This market will resolve to "Yes" if there is a military encounter between the military forces of China (People's Republic of China) and Philippines between November 11, 2025, and December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".
A "military encounter" is defined as any incident involving the use of force such as missile strikes, artillery fire, exchange of gunfire, or other forms of direct military engagement between Chinese and Philippine military forces. Non-violent actions, such as warning shots, artillery fire into uninhabited areas, or missile launches that land in territorial waters or pass through airspace, will not qualify for a "Yes" resolution. Intentional ship ramming that results in significant damage to (e.g., a hole in the hull) or the sinking of a military ship by another will count toward a "Yes" resolution, however minor damage (scrapes, dents) will not.
Note: the China Coast Guard (CCG) is part of the military, however Philippine Coast Guard (PCG) is not.
The resolution source for this market will be a consensus of credible reporting.
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