Ukraine's capital Kyiv was struck by Russian ballistic missiles Wednesday, ahead of a crucial NATO summit in Turkey. The attack marks a significant escalation in the ongoing conflict.

The NATO summit, set for Ankara, will focus on military aid to Ukraine and broader European security. The strike has drawn attention in prediction markets, where participants are evaluating the potential for increased NATO-Russia tensions.

Market pricing currently suggests a 16.5% likelihood of a military clash between NATO and Russia by the end of 2026. Observers will monitor summit outcomes for any announcements on increased military support for Ukraine.

Russian officials' rhetoric and military posture will also be closely watched for signals on future conflict.