TOTAL VOLUME:
$147.3b
24H VOL:
$172,964,198
24H TRANSACTIONS:
2,798,566,680
OPEN INTEREST:
$1,800,387,182
518,213
Markets across
38,398
events
MATCHED EVENTS:
2,848
PLATFORM COVERAGE:
5
Polymarket:
38%
VS.
Kalshi:
62%
$
This market will resolve to “Yes” if the Houthis target Syria through a qualifying military action between market creation and the listed date, 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, directed at Syria. 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: 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. Military action that consists primarily or exclusively of munitions that are intercepted before impact will still qualify if they constitute a qualifying military action during the specified timeframe; whether the munitions were intercepted, where the munitions landed, and whether damage resulted will not be considered. A military action will be considered directed at Syria if it is directed at the terrestrial territory of Syria, including any internal waters. 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 (AST) 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. At the end of the third calendar day, if conflicting reports remain, the incident will be adjudicated 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 Syria, the Houthis and credible reporting.
This market will resolve to “Yes” if the Houthis target Syria through a qualifying military action between market creation and the listed date, 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, directed at Syria. 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: 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. Military action that consists primarily or exclusively of munitions that are intercepted before impact will still qualify if they constitute a qualifying military action during the specified timeframe; whether the munitions were intercepted, where the munitions landed, and whether damage resulted will not be considered. A military action will be considered directed at Syria if it is directed at the terrestrial territory of Syria, including any internal waters. 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 (AST) 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. At the end of the third calendar day, if conflicting reports remain, the incident will be adjudicated 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 Syria, the Houthis and credible reporting.
Comparing prediction market odds to analyst forecasts reveals interesting insights. While traditional geopolitical analysis suggests a high probability of continued regional instability, this market currently reflects a 5.5% chance of the Houthis targeting Syria by Dec 31, 2026. This differs from some expert opinions that predict a lower likelihood of escalation in the near term. It’s important to note that prediction markets aggregate the wisdom of the crowd, potentially incorporating information not readily available to analysts, and providing a unique perspective on the evolving situation.
On Polymarket, this market is priced through a continuous auction mechanism, where traders buy and sell shares representing their belief about the outcome. The price of a share directly corresponds to the probability of the Houthis targeting Syria by Dec 31, 2026. On Polymarket, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. The market price fluctuates based on supply and demand, reflecting the collective intelligence of traders. Higher demand for shares increases the price, indicating greater confidence in the event occurring, and vice versa. This dynamic pricing ensures the market remains responsive to new information and changing perceptions.
This market resolves around Dec 31, 2026, with the outcome confirmed once the event is verifiable from credible public reporting. Resolution will depend on whether verifiable evidence emerges demonstrating the Houthis have targeted Syria with military action before the resolution date. This includes documented attacks, confirmed missile launches, or other substantial military engagements. The outcome will be determined by assessing publicly available information from reputable news sources and official statements, ensuring a transparent and objective assessment of the situation.
Several signals or events could significantly move this market before Dec 31, 2026. Escalation of the conflict in Yemen, increased rhetoric from Houthi leadership, or direct military involvement by other regional actors could all increase the perceived likelihood of attacks on Syria. Conversely, successful diplomatic negotiations or a de-escalation of tensions could lower the probability. Major geopolitical shifts, such as changes in alliances or international pressure, would also likely impact trading activity and the overall price of shares in this market.