This market will resolve to “Yes” if the United States-Mexico-Canada Agreement (USMCA) is formally extended by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No." A qualifying extension requires all three parties to formally extend the term of the agreement. This may occur through written confirmation of their wish to extend the term for a further period pursuant to USMCA Article 34.7, or through other formal means that clearly and definitively extend the term, such as a unanimous amendment of the agreement. An extension qualifies whether or not it also includes negotiated modifications to the original agreement. The following will not qualify: announcements unaccompanied by a formal extension; extension of individual provisions that does not extend the agreement's term itself; commitments to extend by fewer than all three parties; and replacement of the USMCA with a separate or successor agreement, as opposed to continuation of the existing agreement. The primary resolution source is official information from the United States, Canada, and Mexico; however, a consensus of credible reporting may also be used.