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 24, 11:32 PM EST
Polymarket
This market will resolve to “Yes” if Saudi Arabia takes a qualifying military action against Yemen 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 Saudi Arabia, that directly impacts Yemen. 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. “Yemen” refers to the territory within the internationally recognized borders of Yemen. If the precise location of a strike cannot be clearly attributed to the defined territory, it will not 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 (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. 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 governments and militaries of Saudi Arabia and Yemen and credible reporting.
This market will resolve to “Yes” if Saudi Arabia takes a qualifying military action against Yemen 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 Saudi Arabia, that directly impacts Yemen. 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. “Yemen” refers to the territory within the internationally recognized borders of Yemen. If the precise location of a strike cannot be clearly attributed to the defined territory, it will not 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 (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. 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 governments and militaries of Saudi Arabia and Yemen and credible reporting.
Prediction market odds often diverge from traditional analyst forecasts because they incorporate real-time information and financial incentives for accuracy. Traders betting real money on this market face direct consequences for incorrect predictions, which can sharpen their judgment compared to non-binding analyst commentary. Geopolitical forecasts from think tanks and intelligence analysts may lag behind market pricing, especially when new intelligence or diplomatic signals emerge. Conversely, prediction markets can occasionally overshoot or undershoot based on sentiment swings. Comparing the current odds here to published expert assessments provides useful context for understanding where consensus lies and where informed disagreement persists.
On Polymarket, this market is priced through an automated market maker mechanism where traders buy and sell shares representing "yes" or "no" outcomes. On Polymarket, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. The price of each share reflects the collective probability estimate—a share trading at 0.75 implies a 75% chance of that outcome occurring. As traders place orders, the price adjusts automatically to balance supply and demand. Higher trading volume typically narrows the spread between buy and sell prices, improving price efficiency. The market remains open for trading until Jul 31, 2026, after which no further trades are accepted and the final price is locked in pending resolution verification.
This market resolves around Jul 31, 2026, with the outcome confirmed once the event is verifiable from credible public reporting. The resolution hinges on whether documented military action by Saudi Arabia against Yemen occurs on or before that date. Credible news sources, official government statements, and international reporting will be consulted to establish whether the condition has been met. Once the outcome is determined, traders holding the winning shares receive their payout proportional to their position size. The resolution process typically completes within days of the deadline, though verification of complex geopolitical events may occasionally require additional time.
Several catalysts could significantly shift odds in this market. Escalations in Yemen-based militant attacks on Saudi territory or shipping lanes would likely increase the probability of military response. Conversely, successful diplomatic negotiations, ceasefires, or international pressure could reduce it. Public statements from Saudi leadership regarding military intentions carry immediate weight. Regional developments—such as Iranian involvement, Houthi weapons capabilities, or broader Middle East tensions—also influence trader expectations. Economic sanctions, oil price shocks, or changes in U.S. foreign policy toward the region may reshape the calculus. Real-time monitoring of regional news, official announcements, and intelligence assessments will help you anticipate market movements before Jul 31, 2026.