Russia launched a massive combined missile and drone assault on the Ukrainian city of Dnipro, injuring at least 30 people. The attack, involving 666 projectiles, marks one of the largest single-day offensives in the ongoing war.
The escalation has further dampened hopes for a ceasefire. Prediction markets now price the odds of a Russia-Ukraine ceasefire by May 31, 2026, at just 5.5%, up slightly from 5% but still deeply bearish. Despite the intensity of the attack, markets for a NATO-Russia military clash or a Russian invasion of a NATO member remain largely unchanged, suggesting participants view this as a contained conflict-for now.