The hardest part of a conflict market is rarely the geopolitics — it is the definition. What counts as an invasion, an occupation, a ceasefire holding, or formal recognition of a state is specified in the resolution text and is usually narrower than the everyday meaning. Many require a named body's declaration rather than events on the ground. You read the text, identify the markets pricing the news rather than the criterion, and take the side the rules support.
Markets on Polymarket where recognition & definition rules on conflict markets is the natural play: