TOTAL VOLUME:
$134.2b
24H VOL:
$134,145,987
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,441,166,947
406,422
Markets across
30,383
events
MATCHED EVENTS:
2,688
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Jul 25, 3:47 PM EST
Polymarket
This market will resolve to “Yes” if the Houthis take a qualifying military action against Saudi Arabia by the specified date, 11:59 PM Arabia Standard Time (AST). Otherwise this market will resolve to “No.” A qualifying military action refers to an air strike or a surface-to-surface missile strike, initiated by the Houthis, that directly impacts Saudi Arabia. An air strike includes bombs, air-to-surface missiles, and air-launched drones. A surface-to-surface missile strike includes one-way attack drones and surface-to-surface missiles such as cruise or ballistic missiles. The following actions do not constitute a qualifying military action: Munitions destroyed or intercepted before impact; Surface-to-air missile strikes; Small-arms fire; Ground incursions; Cyber operations; Naval gunfire and artillery fire; Howitzers, artillery pieces, mortars, and rocket artillery (e.g. MLRS systems); Minor surface-to-surface strikes, including short range loitering munitions, FPV drones, and ATGM strikes; Any threat, authorization, or announcement of force that has not been executed. Any munition that is intercepted or destroyed before impact does not constitute a qualifying military action. Debris, fragments, or any wreckage from intercepted munitions that land on Yemen do not constitute a military action regardless of any damage incurred. “Saudi Arabia” refers to the terrestrial territory of Saudi Arabia, including its internal waters. Saudi Arabia’s maritime territory and airspace are not encompassed. Where territorial borders are disputed, all territory claimed by and under the de facto control of Saudi Arabia as of market creation will qualify. The occurrence, attribution, and timing of a qualifying military action will be primarily determined based on a consensus of information available from the resolution sources. Where multiple sources conflict regarding the occurrence, attribution, or timing of a relevant military action, this market will remain open until the earlier of: i) the confirmation of the occurrence, attribution, and timing of the action based on a consensus of information available from the resolution sources or ii) 3 full calendar days (IDT) from the date of the first credibly reported evidence of the action. If this period would extend past the end date, this market will remain open to allow for 3 full calendar days to pass. If, at the end of the third calendar day, conflicting reports remain as to the occurrence, attribution, or timing of the action, this market will resolve based on the totality of information available from the resolution sources at that time. No single statement, denial, or presentation of evidence will govern where it is contradicted by the totality of information. The resolution sources for this market will be official information from the government and military of Saudi Arabia, the Houthis and credible reporting.
This market will resolve to “Yes” if the Houthis take a qualifying military action against Saudi Arabia by the specified date, 11:59 PM Arabia Standard Time (AST). Otherwise this market will resolve to “No.” A qualifying military action refers to an air strike or a surface-to-surface missile strike, initiated by the Houthis, that directly impacts Saudi Arabia. An air strike includes bombs, air-to-surface missiles, and air-launched drones. A surface-to-surface missile strike includes one-way attack drones and surface-to-surface missiles such as cruise or ballistic missiles. The following actions do not constitute a qualifying military action: Munitions destroyed or intercepted before impact; Surface-to-air missile strikes; Small-arms fire; Ground incursions; Cyber operations; Naval gunfire and artillery fire; Howitzers, artillery pieces, mortars, and rocket artillery (e.g. MLRS systems); Minor surface-to-surface strikes, including short range loitering munitions, FPV drones, and ATGM strikes; Any threat, authorization, or announcement of force that has not been executed. Any munition that is intercepted or destroyed before impact does not constitute a qualifying military action. Debris, fragments, or any wreckage from intercepted munitions that land on Yemen do not constitute a military action regardless of any damage incurred. “Saudi Arabia” refers to the terrestrial territory of Saudi Arabia, including its internal waters. Saudi Arabia’s maritime territory and airspace are not encompassed. Where territorial borders are disputed, all territory claimed by and under the de facto control of Saudi Arabia as of market creation will qualify. The occurrence, attribution, and timing of a qualifying military action will be primarily determined based on a consensus of information available from the resolution sources. Where multiple sources conflict regarding the occurrence, attribution, or timing of a relevant military action, this market will remain open until the earlier of: i) the confirmation of the occurrence, attribution, and timing of the action based on a consensus of information available from the resolution sources or ii) 3 full calendar days (IDT) from the date of the first credibly reported evidence of the action. If this period would extend past the end date, this market will remain open to allow for 3 full calendar days to pass. If, at the end of the third calendar day, conflicting reports remain as to the occurrence, attribution, or timing of the action, this market will resolve based on the totality of information available from the resolution sources at that time. No single statement, denial, or presentation of evidence will govern where it is contradicted by the totality of information. The resolution sources for this market will be official information from the government and military of Saudi Arabia, the Houthis and credible reporting.
Prediction market odds often diverge from traditional analyst forecasts because they reflect real-money incentives and crowdsourced judgment rather than institutional consensus. On this market, traders betting with actual capital may incorporate signals—military posturing, diplomatic statements, or supply-chain disruptions—faster than formal analyst reports. Conversely, professional analysts may weigh long-term geopolitical stability factors that individual traders overlook. Comparing this market's probability to published forecasts from regional security experts or energy analysts can reveal where the crowd and institutions disagree, highlighting which factors traders prioritize most heavily.
On Polymarket, this market is priced through an automated market maker that converts trader buy and sell orders into a continuous probability estimate. On Polymarket, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. Traders purchase shares representing "yes" or "no" outcomes, and the price of each share reflects the crowd's aggregate belief in that outcome. As more capital flows into one side, the price adjusts accordingly, creating a dynamic odds display. This mechanism ensures that the market price always represents the marginal trader's valuation, making it responsive to breaking news or shifting geopolitical conditions.
This market resolves around Jul 31, 2026, with the outcome confirmed once credible public reporting verifies whether Houthi military action against Saudi Arabia has occurred by that date. The resolution hinges on whether documented military operations—such as drone strikes, missile launches, or armed attacks—take place within the specified timeframe. Traders should monitor credible news sources, official government statements, and international media coverage as the deadline approaches. The final determination will be based on verifiable evidence from established news organizations and public records.
Key catalysts include escalations in regional tensions, such as direct military confrontations, weapons transfers, or diplomatic breakdowns between the Houthis and Saudi Arabia. Announcements of ceasefire agreements or peace negotiations would likely shift odds downward, while reports of new attacks or military mobilization would push them higher. International involvement—sanctions, airstrikes, or mediation efforts—can also trigger sharp repricing. Oil price spikes, shipping disruptions in the Red Sea, or statements from regional powers may signal increased conflict likelihood. Traders should track military intelligence reports, government communications, and geopolitical developments closely as Jul 31, 2026 approaches.