Venezuela is holding a referendum on December 3rd with a view to annexing a substantial portion of what is broadly recognized as being part of neighbouring Guyana.
Market will resolve once referendum results are announced.
In the result of the referendum not taking place (or the results not being announced, not just delayed) the market will resolve to 'no'.
https://en.wikipedia.org/wiki/2023_Venezuelan_referendum
https://en.wikipedia.org/wiki/Guayana_Esequiba
Big court decision due today...
https://abcnews.go.com/International/wireStory/court-ruling-request-order-venezuela-halt-part-referendum-105299460
@PaulBenjaminPhotographer worth mentioning one of the referendum questions was precisely on whether to accept the jurisdiction of the Court. Countries are, in principle, allowed to just reject jurisdiction, although there are factors in this particular case that might mean Venezuela is not allowed to do that.