Short Answer

Both the model and the market expect Yulia Navalnaya to win the 2026 Nobel Peace Prize, with no compelling evidence of mispricing.

1. Executive Verdict

  • Yulia Navalnaya leads, symbolizing opposition to Russian authoritarianism, aligning with past Nobel themes.
  • ICJ's dispute resolution aligns with Nobel's 'fraternity between nations' criteria.
  • Volodymyr Zelenskyy is unlikely while the Russia-Ukraine conflict remains active.

Who Wins and Why

Outcome Market Model Why
Donald Trump 2.2% 9.5% He was likely nominated for 2026 and is often listed as a top contender in market sentiment.
UNRWA 5.1% 7.2% Its candidacy is hampered by major geopolitical controversy and allegations regarding staff involvement in attacks.
Greta Thunberg 1.2% 8.4% Her activism links climate change, a recognized threat to peace, with a relevant grassroots approach.
Xi Jinping 0.6% 1.8% No specific evidence is provided in the gathered research to assess his candidacy.
Ahmed al-Sharaa 0.9% 2.8% No specific evidence is provided in the gathered research to assess his candidacy.

Current Context

The 2026 Nobel Peace Prize announcement is set for October 9. The Norwegian Nobel Committee in Oslo, Norway, will announce the laureate on this date [^][^][^][^][^]. As of August 4, 2026, the prize winner has not been named [^][^]. The award ceremony is scheduled to take place on December 10, 2026, in Oslo [^][^].
A total of 287 candidates are nominated for the 2026 prize. The Norwegian Nobel Committee registered 208 individuals and 79 organizations for consideration [^][^][^][^]. The nomination period for these candidates closed on January 31, 2026 [^]. Media reports indicate U.S. President Donald Trump was likely among those nominated for the 2026 prize [^].

2. Market Behavior & Price Dynamics

Historical Price (Probability)

Outcome probability
Date
This market prices the probability of Donald Trump winning the 2026 Nobel Peace Prize. The contract has traded in a narrow range between 2.2% and 4.5% since inception. The price has shown a modest downward trend in recent weeks, moving from 4.4% on July 21 to its current level of 2.4% as of August 4. This movement has occurred within a broader sideways pattern. The provided context, which notes the prize announcement is set for October 9, contains no specific news or catalyst to explain this price decay.
The most significant technical feature of this market is its complete lack of activity. Total volume traded is zero contracts. This absence of trading indicates there is no market conviction behind the price movements. The price fluctuations are not the result of matched trades reflecting a shift in consensus. Instead, they likely represent adjustments in the bid-ask spread on an empty order book.
Given the zero-volume environment, traditional technical indicators like support and resistance levels are not meaningful. The 2.2% to 4.5% range represents the boundaries of unmatched orders, not levels tested by actual capital flow. The market is illiquid and dormant. The current price level suggests low baseline expectations, but without any executed trades, the chart provides no reliable signal of market sentiment or future direction.

3. Market Data

Contract Snapshot

This market resolves YES for a listed candidate who is announced as the winner of the 2026 Nobel Peace Prize by the Norwegian Nobel Committee. In case of multiple listed winners, specific individuals (Donald Trump, Volodymyr Zelenskyy, Benjamin Netanyahu, Vladimir Putin, Elon Musk) have a set precedence; otherwise, an individual takes precedence over an organization, or alphabetical order determines the winner if all are of the same type. The market resolves to "Other" if no official prize announcement is made by March 31, 2027, 11:59 PM ET.

Available Contracts

Market options and current pricing

Outcome bucket Yes (price) No (price) Last trade probability
Yulia Navalnaya $0.09 $0.92 9%
Volodymyr Zelenskyy $0.06 $0.94 6%
UNRWA $0.05 $0.95 5%
Pope Leo XIV $0.03 $0.97 3%
International Court of Justice $0.02 $0.98 2%
Donald Trump $0.02 $0.98 2%
Tamim bin Hamad Al Thani $0.03 $0.97 2%
Narendra Modi $0.01 $0.99 1%
António Guterres $0.01 $0.99 1%
Greta Thunberg $0.01 $0.99 1%
Julian Assange $0.02 $0.99 1%
Ahmed al-Sharaa $0.01 $0.99 1%
Xi Jinping $0.01 $0.99 1%
Charlie Kirk $0.01 $0.99 1%
Khaled Mashal $0.01 $0.99 1%
Mohammed bin Salman $0.01 $1.00 1%
Recep Tayyip Erdoğan $0.01 $1.00 0%
Elon Musk $0.00 $1.00 0%
Vladimir Putin $0.00 $1.00 0%
Benjamin Netanyahu $0.00 $1.00 0%
Other $1.00 $1.00 0%
Person A $1.00 $1.00 0%
Person AA $1.00 $1.00 0%
Person AB $1.00 $1.00 0%
Person AC $1.00 $1.00 0%
Person AD $1.00 $1.00 0%
Person AE $1.00 $1.00 0%
Person AF $1.00 $1.00 0%
Person AG $1.00 $1.00 0%
Person AH $1.00 $1.00 0%
Person AI $1.00 $1.00 0%
Person AJ $1.00 $1.00 0%
Person AK $1.00 $1.00 0%
Person AL $1.00 $1.00 0%
Person AM $1.00 $1.00 0%
Person AN $1.00 $1.00 0%
Person AO $1.00 $1.00 0%
Person AP $1.00 $1.00 0%
Person AQ $1.00 $1.00 0%
Person AR $1.00 $1.00 0%
Person AS $1.00 $1.00 0%
Person AT $1.00 $1.00 0%
Person AU $1.00 $1.00 0%
Person AV $1.00 $1.00 0%
Person AW $1.00 $1.00 0%
Person AX $1.00 $1.00 0%
Person B $1.00 $1.00 0%
Person C $1.00 $1.00 0%
Person D $1.00 $1.00 0%
Person E $1.00 $1.00 0%
Person F $1.00 $1.00 0%
Person G $1.00 $1.00 0%
Person H $1.00 $1.00 0%
Person I $1.00 $1.00 0%
Person J $1.00 $1.00 0%
Person K $1.00 $1.00 0%
Person L $1.00 $1.00 0%
Person M $1.00 $1.00 0%
Person N $1.00 $1.00 0%
Person O $1.00 $1.00 0%
Person P $1.00 $1.00 0%
Person Q $1.00 $1.00 0%
Person R $1.00 $1.00 0%
Person S $1.00 $1.00 0%
Person T $1.00 $1.00 0%
Person U $1.00 $1.00 0%
Person V $1.00 $1.00 0%
Person W $1.00 $1.00 0%
Person X $1.00 $1.00 0%
Person Y $1.00 $1.00 0%
Person Z $1.00 $1.00 0%

Market Discussion

Traders in the "Nobel Peace Prize Winner 2026" market are considering a wide and fragmented field of candidates, with no single frontrunner emerging. Yulia Navalnaya leads with a 9% implied probability, likely for her advocacy for Russian dissidents, while Volodymyr Zelenskyy follows at 6.3% related to Ukraine's ongoing defense efforts. Organizations such as UNRWA (4.9%) and the International Court of Justice (2.4%) also feature prominently, reflecting market interest in humanitarian and legal responses to global conflicts. However, all listed candidates currently hold low single-digit odds, indicating a broad lack of consensus among traders on a likely winner.

4. Trader Dashboard

A deterministic, per-market integrity scorecard computed from order-book and price data. Higher is better for Trader Trust, Liquidity, Move Quality and Resolution; higher means more risk for Quote Risk and Avoid Risk.

Donald TrumpPrimaryTrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
Move QualityNo significant movehigh confidence
  • Factor
Pope Leo XIVTrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
Move QualityNo significant movehigh confidence
  • Factor
Yulia NavalnayaTrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
Move QualityNo significant movehigh confidence
  • Factor
Julian AssangeTrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
Move QualityInsufficient Datainsufficient confidence
  • Factor
Greta ThunbergTrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
Move QualityNo significant movehigh confidence
  • Factor
Elon MuskTrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
Move QualityNo significant movehigh confidence
  • Factor
UNRWATrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
Move QualityNo significant movehigh confidence
  • Factor
International Court of JusticeTrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
Move QualityNo significant movehigh confidence
  • Factor
António GuterresTrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
Move QualityInsufficient Datainsufficient confidence
  • Factor
Volodymyr ZelenskyyTrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
Move QualityNo significant movehigh confidence
  • Factor
Tamim bin Hamad Al ThaniTrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
Move QualityNo significant movehigh confidence
  • Factor
Vladimir PutinTrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
Move QualityNo significant movehigh confidence
  • Factor
Khaled MashalTrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
Move QualityNo significant movehigh confidence
  • Factor
Benjamin NetanyahuTrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
Move QualityNo significant movehigh confidence
  • Factor
Recep Tayyip ErdoğanTrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
Move QualityNo significant movehigh confidence
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Xi JinpingTrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
Move QualityNo significant movehigh confidence
  • Factor
Ahmed al-SharaaTrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
Move QualityNo significant movehigh confidence
  • Factor
Charlie KirkTrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
Move QualityNo significant movehigh confidence
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Mohammed bin SalmanTrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
Move QualityNo significant movehigh confidence
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Narendra ModiTrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
Move QualityInsufficient Datainsufficient confidence
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Person ATrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
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Person MTrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
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Person XTrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
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Person ZTrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
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Person AATrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
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Person ABTrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
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Person ACTrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
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Person ADTrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
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Person AETrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
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Person AFTrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
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Person AGTrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
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Person AHTrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
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Person AITrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
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Person AJTrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
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Person AKTrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
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Person ALTrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
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Person AMTrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
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Person ANTrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
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Person AOTrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
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Person ATTrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
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Person AUTrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
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Person AWTrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
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Person AXTrader TrustLiquidityMove QualityResolutionQuote RiskAvoid Risk
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trader_dashboard_lean_v1.13 · computed Aug 4, 2026

5. What major global conflicts or diplomatic breakthroughs between now and early 2026 could decisively favor candidates like Volodymyr Zelenskyy or the International Court of Justice?

Zelenskyy Nobel Prize Odds6%-10% for 2026 Nobel Peace Prize (prediction markets) [^][^][^][^]
Russia-Ukraine Conflict StatusActive, no final deal as of August 2026 [^][^][^]
Nobel Committee StanceHistorically avoids awarding Peace Prize to active wartime leaders [^]
The Russia-Ukraine conflict remains active, hindering Zelenskyy's peace prize prospects. As of August 2026, the conflict is ongoing, with U.S.-led diplomatic efforts failing to secure a final peace deal between Volodymyr Zelenskyy and Vladimir Putin. This stalemate is primarily due to unresolved issues concerning Donbas territory and security guarantees [^][^][^]. The persistent active conflict contributes to skepticism regarding Zelenskyy's prospects for the Nobel Peace Prize, as the Nobel Committee has historically refrained from awarding the prize to active wartime leaders [^].
Prediction markets show low odds for Zelenskyy's Nobel Peace Prize win. These markets for the 2026 Nobel Peace Prize reflect the general sentiment, typically placing Volodymyr Zelenskyy's chances between 6% and 10% on major platforms [^][^][^][^]. Furthermore, the available information does not indicate any major global conflicts or diplomatic breakthroughs occurring between now and early 2026 that would decisively favor Zelenskyy for the Nobel Peace Prize.
The International Court of Justice lacks specific events favoring its candidacy. The provided research contains no details about the International Court of Justice as a potential candidate or any specific events that would strongly favor it in a relevant context.

6. What historical precedents exist for the Nobel Committee awarding the Peace Prize to controversial political figures like Donald Trump or Julian Assange?

First controversial Nobel Peace Prize recipient mentionedHenry Kissinger (1973) [^]
Donald Trump's 2026 Nobel Peace Prize nomination poolAmong 287 candidates [^][^]
Julian Assange's first Nobel Peace Prize nomination year2011 [^]
The Nobel Peace Prize has a history of controversial political awards. The Nobel Committee has frequently awarded the prize to controversial political figures, often inciting significant public and political debate. Past recipients who generated contention include Henry Kissinger (1973), Yasser Arafat (1994), and Barack Obama (2009) [^][^]. Other highly debated prizes were given to Carl von Ossietzky (1935) and Aung San Suu Kyi (1991), whose later actions prompted calls for her prize to be revoked [^][^][^].
Donald Trump and Julian Assange are recent controversial Nobel Peace Prize nominees. Both figures have received multiple nominations, continuing this pattern of controversial candidacies. Donald Trump has been nominated multiple times by various international politicians and is reportedly among the 287 candidates for the 2026 prize [^][^][^]. Julian Assange has also received multiple nominations, beginning in 2011, for his work in transparency, though these are widely considered symbolic and highly polarizing [^][^][^]. The Norwegian Nobel Committee maintains strict secrecy on all nominations for 50 years, meaning the official status of any controversial nominee remains undisclosed for decades [^][^].

7. How do the candidacies of an activist like Yulia Navalnaya and an organization like UNRWA compare based on the Nobel Committee's historical balance between awarding individuals symbolizing a cause versus organizations performing humanitarian work?

Total Nobel Peace Laureates since 1901139 (28 organizations, 111 individuals) [^][^][^][^][^]
Yulia Navalnaya 2026 Candidacy FocusOpposition to Russian authoritarianism [^][^][^][^]
UNRWA 2026 Prediction Market OddsAround 11% (as of July 2026) [^]
The Nobel Committee balances individual and organizational peace prize awards. Since 1901, the Norwegian Nobel Committee has not applied fixed criteria for choosing between individual and organizational laureates, having recognized 111 individuals and 28 organizations among its 139 total laureates [^][^][^][^][^]. Alfred Nobel's will guides these selections, emphasizing work for fraternity, disarmament, and peace congresses [^][^][^][^][^]. Yulia Navalnaya's 2026 candidacy aligns with the Committee's historical practice of awarding individuals who symbolize a cause, as her role represents opposition to Russian authoritarianism and the legacy of her late husband, Alexei Navalny [^][^][^][^].
UNRWA's candidacy faces significant challenges despite humanitarian work. The United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) has been nominated for its long-term humanitarian service to Palestinian refugees [^][^][^][^][^]. However, this candidacy is severely hampered by major geopolitical controversy and allegations regarding staff involvement in the October 7 attacks, which makes it a polarizing choice for the Committee [^][^][^][^][^]. As of July 2026, prediction markets reflect significant skepticism about UNRWA winning the 2026 prize, with implied probabilities often remaining low, such as around 11% in some markets [^].

8. What specific achievements form the basis of the International Court of Justice's (ICJ) nomination, and how do these actions align with the criteria for 'furthering fraternity between nations' outlined in Alfred Nobel's will?

Nobel Peace Prize NominationInternational Court of Justice for 2026 [^][^]
Nobel Peace Prize Criteria'Fraternity between nations,' 'abolition or reduction of standing armies,' 'peace congresses' [^][^][^]
Nomination LeadProfessor Alain Pellet [^]
The International Court of Justice (ICJ) has been nominated for the 2026 Nobel Peace Prize. This nomination recognizes its significant role in resolving international disputes, preventing armed conflicts, enforcing fundamental civilizational norms, and maintaining an internationally recognized normative order [^][^]. These actions are consistent with Alfred Nobel's will, which specifies that the Peace Prize be awarded for work towards 'fraternity between nations,' 'the abolition or reduction of standing armies,' and 'the holding and promotion of peace congresses' [^][^][^].
Professor Alain Pellet spearheaded the initiative to nominate the ICJ, garnering broad support. This backing came from academics, judges, and government officials [^]. Supporters contend that the ICJ fulfills Nobel's criteria by serving as a global mechanism for dispute resolution, which is likened to 'peace congresses' [^][^][^]. By promoting multilateral collaboration and upholding the rule of law to prevent conflict, the ICJ is seen as directly fostering 'fraternity between nations' [^][^][^].

9. How does the nature of Greta Thunberg's climate activism compare with António Guterres's diplomatic efforts at the UN, in the context of the Nobel Committee's increasing recognition of climate change as a threat to peace?

2026 Nobel Peace Prize Status (Thunberg/Guterres)Not frontrunners (as of August 4, 2026) [^][^][^][^][^][^][^][^][^][^]
2026 Nobel Peace Prize Implied Probability (Thunberg/Guterres)1.5% to 5% [^][^][^][^][^][^][^][^][^][^]
Nobel Committee's Climate StanceFramed climate change as a critical threat to peace and human security since 2007 [^][^][^][^]
Greta Thunberg and António Guterres approach climate action differently. Thunberg's activism embodies a grassroots, systemic-challenge approach, while Guterres's efforts at the UN involve institutional policy and multilateral framework-building [^][^]. Both are considered relevant to the climate-peace nexus. As of August 4, 2026, neither is a frontrunner for the 2026 Nobel Peace Prize, consistently polling with low implied probabilities typically ranging from 1.5% to 5% [^][^][^][^][^][^][^][^][^][^]. Official nominee lists for 2026 are not public, and no definitive consensus on a single winner exists [^].
The Nobel Committee increasingly recognizes climate change as a peace threat. Since awarding the 2007 Nobel Peace Prize to the IPCC and Al Gore, the Committee has explicitly framed climate change as a critical threat to peace and human security [^][^][^][^]. The Committee has also recognized climate science, notably awarding the 2021 Nobel Prize in Physics to climate scientists like Klaus Hasselmann [^][^][^][^]. Within this context, Thunberg's activism represents an external pressure movement focused on immediate moral urgency and systemic accountability [^][^][^].
Guterres employs high-level diplomacy within the UN system. UN Secretary-General António Guterres’s diplomacy emphasizes institutional policy, international consensus, and multilateral framework-building [^][^]. Guterres frames climate change as an existential threat to peace and security, urging global governance reform and systemic action from within the UN system [^][^][^]. This contrasts with Thunberg's grassroots approach by operating through internal, high-level diplomatic channels [^][^][^].

10. What Could Change the Odds

Key Catalysts

The 2026 Nobel Peace Prize winner is scheduled to be announced on Friday, October 9, 2026, at 11:00 CEST by the Norwegian Nobel Committee in Oslo [^] [^] [^] . The overall 2026 Nobel Prize announcements are scheduled during the week of October 5
12, 2026 [^] [^] [^] . The award ceremony for the 2026 Nobel Peace Prize will take place on December 10, 2026 [^][^].
Approximately 287 candidates were nominated for the 2026 Nobel Peace Prize, as reported on April 30, 2026 [^] . Prediction markets such as Kalshi and Polymarket are tracking odds [^][^]. Sudan’s Emergency Response Rooms (ERRs), Donald Trump, Doctors Without Borders, and Yulia Navalnaya frequently appear as top contenders in market sentiment [^][^][^].

Key Dates & Catalysts

  • Closes: October 10, 2026

11. Decision-Flipping Events

  • Trigger: The 2026 Nobel Peace Prize winner is scheduled to be announced on Friday, October 9, 2026, at 11:00 CEST by the Norwegian Nobel Committee in Oslo [^] [^] [^] .
  • Trigger: The overall 2026 Nobel Prize announcements are scheduled during the week of October 5 12, 2026 [^] [^] [^] .
  • Trigger: The award ceremony for the 2026 Nobel Peace Prize will take place on December 10, 2026 [^] [^] .
  • Trigger: Approximately 287 candidates were nominated for the 2026 Nobel Peace Prize, as reported on April 30, 2026 [^] .

13. Historical Resolutions

No historical resolution data available for this series.