
Video of the 2025 Reagan National Defense Forum will be primarily used to resolve the market; if a consensus by Kalshi employees cannot be reached using video, transcripts of the 2025 Reagan National Defense Forum will be used according to the news publications listed in the contract. The exact phrase/word, or a plural or possessive form of the phrase/word, must be used. Grammatical/tense inflections are otherwise not included. Please see full rules for more details. This market will resolve based on what Pete Hegseth says on the live televised or streamed broadcast of the 2025 Reagan National Defense Forum. Additional content released or streamed online will not be encompassed by the Payout Criterion. For the purpose of this market, previous recordings aired during the event will not count.