This market will settle to Yes if Pete Hegseths departure as Secretary of War is officially announced by December 31, 2026, 11:59 PM ET. Outcome sourced from Pete Hegseth and the White House.

The departure will be considered to be announced when Pete Hegseth, the White House, or their authorized representatives publicly and definitively announce that Pete Hegseth has ceased or will cease to hold the position of Secretary of War. Such an announcement will qualify regardless of when the specified person formally leaves the position. Announcements of the specified persons resignation, removal, or departure through other means all qualify.

The following do not qualify as public and definitive announcements: statements that the specified person is considering or open to departing; conditional statements that the specified person will depart only if specified conditions are met; the announcement of an offer of resignation that requires acceptance and remains pending or has been refused; media reports that the specified person plans to depart; statements made in sarcasm or jest; and statements by persons other than the specified person, the relevant authority governing the specified position, or their respective authorized representatives.

Only announcements which are framed as announcing a departure intended to be effective within 18 months of the date of the announcement will qualify (e.g., neither I will leave office in 2 years, nor I will not be in office forever, would qualify).

Announcements of temporary leaves of absence, dated suspensions, indefinite suspensions, administrative leaves, or other temporary changes to the specified persons duties in the specified position do not qualify.

If the specified person holds the specified position on a predefined term with a scheduled end date, only announcements that they will depart the position prior to the scheduled end of their term qualify.

If the specified person formally ceases to hold the specified position before the end of their scheduled term without a qualifying announcement, the market will settle to Yes if major news agencies of record confirm the departure by December 31, 2026, 11:59 PM ET.