This market will resolve to "YES" if the Single Resolution Board (SRB) formally initiates resolution proceedings for at least one bank between March 13, 2025, and December 31, 2025, 23:59 UTC. Otherwise, this market will resolve to "NO." The resolution action is documented on the SRB's official cases page (https://www.srb.europa.eu/en/cases) or in official SRB press releases (https://www.srb.europa.eu/en/news). The affected institution must be headquartered in a country under the SRB’s jurisdiction, which includes the 20 Eurozone countries (EU members that use the euro). If any non-Eurozone EU country joins the Banking Union before the resolution event, banks headquartered in that country will also be considered for resolution under this market.