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Will a nuclear weapon detonate in 2024?

This market will resolve to "Yes" if a nuclear weapon is detonated anywhere in the world between July 1, 2024 and December 31, 2024, 11:59 PM ET (inclusive). Otherwise, this market will resolve to "No". For the purpose of this market's resolution, any detonation of a nuclear weapon anywhere on the planet Earth will be sufficient to trigger a "Yes" resolution. This includes offensive usages, nuclear tests, and accidental detonations. Use/launch of a nuclear weapon that fails to detonate, a fake weapon that never detonates, or a dirty bomb that distributes radioactive material by means of a conventional explosion are not sufficient to trigger a "Yes" resolution of this market. Only a successful nuclear detonation will result in a "Yes" resolution. This market may resolve to "Yes" as soon as a nuclear detonation is confirmed by a preponderance of credible reporting. For the purpose of this market's resolution, determination as to whether a detonation was nuclear will be made by a preponderance of credible reporting.

Event Details

Total Volume: $3.0M
24h Volume: $86.5K
Total Liquidity: $119.9K
Markets: 1
Event Ends: 12/30/2024

Event Analysis

Summary

The question of nuclear weapon detonation in late 2024 has taken on increased significance given recent developments, particularly Russia's revision of its nuclear doctrine and escalating tensions surrounding the Ukraine conflict. Multiple credible news sources indicate that Russia has lowered its threshold for nuclear weapons use while simultaneously preparing civilian infrastructure for potential nuclear scenarios. The confluence of factors - including US support for long-range strikes into Russia, Putin's explicit warnings about nuclear retaliation, and Russia's mass production of radiation-resistant shelters - suggests an elevated risk environment compared to historical baselines. However, this must be balanced against the traditional strategic reluctance to cross the nuclear threshold and the catastrophic consequences that would likely follow.

Analysis

Geopolitical Context

Current State of Nuclear Tensions

  • Russia has formally lowered its nuclear use threshold through doctrine changes
  • US-supplied weapons enabling Ukrainian strikes deep into Russian territory
  • Multiple officials comparing current situation to Cuban Missile Crisis levels of tension
  • Russia beginning mass production of nuclear-resistant civilian shelters

Key Risk Factors

Escalation Triggers

  • US/NATO support for Ukrainian long-range strikes
  • Potential misinterpretation of conventional attacks
  • Political transitions (particularly US administration change)
  • Territorial disputes and sovereignty claims

Mitigating Factors

  • Historical strategic restraint regarding nuclear weapons
  • Mutual assured destruction doctrine remains relevant
  • International diplomatic channels still functional
  • Economic interdependence creating incentives for de-escalation

Probability Analysis

Base Rate Considerations

  • No nuclear weapons detonated in conflict since 1945
  • ~2070 historical nuclear tests conducted (1945-2017)
  • Average of ~28 tests per year during Cold War peak

Risk Multipliers

  • Doctrine changes: 2-3x increase in baseline risk
  • Political instability: 1.5-2x multiplier
  • Advanced conventional capabilities: 1.2-1.5x multiplier

Scenario Analysis

  1. Intentional Use in Conflict: ~1% probability
  2. Nuclear Test (including demonstration): ~3% probability
  3. Accidental Detonation: ~0.5% probability
  4. False Alarm/No Detonation: ~95.5% probability

Key Monitoring Points

  • Implementation details of Russia's new nuclear doctrine
  • Escalation patterns in Ukrainian conflict
  • US political developments and policy shifts
  • Nuclear-capable states' military exercises and tests
  • International diplomatic initiatives and crisis management efforts

Prediction

Based on comprehensive analysis of current geopolitical tensions, historical precedents, and risk multipliers, I assess a 4.5% probability of a nuclear weapon detonation during the specified period (July-December 2024). This represents an elevated risk compared to historical baselines but still indicates that no detonation remains the most likely outcome by a significant margin. Confidence Level: 7/10 Reasoning Quality: 8/10

Will a nuclear weapon detonate in 2024?

Yes:4.5%
No:95.5%
Confidence: 7/10
Reasoning Score: 8/10

Market Options

Will a nuclear weapon detonate in 2024?

Yes
4.5%
No
95.5%
Liquidity: $119.9K
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