This market will settle as "Yes" if, according to the ISW map, Russia captures the entirety of Kupiansk by December 31, 2026, at 11:59 PM ET. Kupiansk will be considered captured if the entire municipality 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, at 11:59 PM ET, the market will resolve to No. The territory of the municipality is shaded in light grey and is distinguished from bordering municipalities such as "Moskovka" by a darker grey line. If the entire area within the municipality is shaded in red, but the shading does not precisely align with the border—such that there is a small amount of grey along the city’s border—this will still qualify.

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This market will resolve to Yes if, according to the ISW map, Russia captures the entirety of Kupiansk by December 31, 2026, at 11:59 PM ET. Kupiansk will be considered captured if the entirety of the municipality 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. The territory of the municipality is shaded in light grey and is distinguished from bordering municipalities such as "Moskovka" with a darker grey line. If all area within the municipality is shaded in red, but the shading does not precisely match up with the border, such that there is a tiny amount of grey along the border of the city, this will still qualify for a "Yes" resolution. For any change on the ISW map to qualify for this markets resolution, the relevant shading indicating Russian control must persist through the next full ISW daily update cycle
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