This market carries moderate rule risk. First, the definition of a 'permanent peace deal' is highly strict and explicitly excludes temporary ceasefires, which can be ambiguous in real-world geopolitics. Second, the strict sequential condition (peace deal must precede the China visit) must be met. Lastly, there is a discrepancy between the listed settlement date (May 31, 2026) and the text's hard deadline (Dec 31, 2026), creating uncertainty around potential early resolution or extensions.