Will There be a Nuclear Escalation in 2022?
|Market Open Date||Market Close Date||Currency||Profit Fee|
This market is on whether either Russia or the United States raise their nuclear alert levels. This market will resolve positively if either:
- If Russia publicly acknowledges or there are credible reports that Russia has increased its nuclear readiness level from a level two “Elevated” status to either level three “Military Danger” or level four “Full”
- If the U.S. publicly acknowledges or there are credible reports that the U.S. has increased its nuclear readiness level to a DEFCON 3 or below
Russia has four levels of nuclear alert status which increase in severity which can be translated as: 1. Constant 2. Elevated 3. Military Danger 4. Full
The U.S. has five levels of alert (DEFCONs) increasing in severity. These levels could be described simply as: DEFCON 5 Lowest state of readiness, DEFCON 4 Increased intelligence watch and strengthened security measures, DEFCON 3 increase in force readiness above that required for normal readiness, DEFCON 2 next step to nuclear war, and DEFCON 1 nuclear war is imminent or has already begun.
The U.S. has only entered DEFCON 3 or below five times since its introduction in 1959. It has reached DEFCON 2 twice, during the Cuban Missile Crisis and the Guld War. The U.S. has entered DEFCON 3 three times, during the Yom Kippur War, during Operation Paul Bunyan in 1976, and after the September 11 attacks.
There is a 3% profit fee on this market. End Date: 01/01/2023