If Donald Trump and Gavin Newsom meet (including phone calls) before Feb 1, 2026, then the market resolves to Yes. A meeting is defined as: an in-person encounter where both parties are physically present in the same location, a virtual meeting via video conference where both parties can see and hear each other in real-time, a phone call where both parties speak directly to each other, or any combination of the above where the parties interact directly in real-time. <p>The following qualify as meetings (though this list is not exhaustive): formal bilateral meetings, summits, or conferences, informal encounters at multilateral events if documented by Source Agencies, working dinners, lunches, or other meal meetings, pull-aside meetings or corridor conversations if documented, and home visits or meetings at non-official locations.</p> <p>The following do NOT qualify as meetings: being present at the same event without direct interaction, exchanging written correspondence, communication through intermediaries without direct contact, pre-recorded messages or asynchronous communication, meetings cancelled after being scheduled, or near-misses where parties were scheduled to meet but did not.</p> This market will close and expire early if the event occurs.