This market will resolve to "Yes" if Lalit Modi officially announces the launch of a new mixed martial arts league by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No". An official qualifying public announcement during 2026 will count for a “Yes” resolution regardless of when the new league launches. Informal announcements, statements from unnamed sources, or leaks will not qualify. The primary resolution source for this market will be official information from Lalit Modi; however, a consensus of credible reporting will also be used.