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On October 8, an agreement on an initial ceasefire (Phase 1) was announced, constituting a halt in fighting, a partial Israeli pullback to a yellow line, prisoner swaps, expanded aid, and the release of hostages. A second phase of the deal, yet to be negotiated, is expected to address further Israeli withdrawal, Hamass disarmament, and the establishment of new security and governance arrangements in Gaza. This market will resolve to "Yes" if an official agreement for the second phase of the IsraelHamas ceasefire, defined as a publicly announced mutual agreement, is reached between Israel and Hamas by October 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to No. If the agreement is officially reached before the resolution date, this market will resolve to "Yes," regardless of if/when the agreement goes into effect. For purposes of this market, a second phase ceasefire agreement refers to a deal publicly acknowledged by both Israel and Hamas (directly or via recognized med
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