US x Yemen ceasefire continues through October 31?
Current price
91.5¢
±0¢ · 24h
Implied probability 91.5%
$282K total volume · YES/NO
Medium gotcha risk
Gotcha risk — resolution-rule assessment
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This market defines qualifying military strikes with granular inclusion and exclusion criteria, explicitly ruling out intercepted munitions, naval gunfire, artillery, and proxy forces, as well as restricting territory to land and internal waters. However, resolution relies on government statements and a consensus of credible reporting, giving the adjudicator discretion to weigh conflicting claims about attribution, munition types, and whether a munition was intercepted before impact. If reports conflict near the deadline, the market can extend for up to three calendar days to review the totality of information.
- Wording ambiguity
- Low
- Source discretion
- High
- Timing risk
- Low
- Exceptional clauses
- Med
Liquidity
Deep book at the daily check: a spread of 1¢ or less and at least $50K of orders within 5¢ of the mid.
Why it moved
No big moves in the last 7 days.
Resolution rules
This market will resolve to “No” if the United States takes a qualifying military action against Yemen by the specified date, 11:59 PM Yemen Standard Time. Otherwise this market will resolve to “Yes.” A qualifying military action refers to an air strike or a surface-to-surface missile strike, initiated by the United States, 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 qualifying military action must be carried out by the armed forces of the United States. Actions carried out by private military contractors, mercenaries, or proxy forces will not qualify. Where a qualifying action is carried out in the course of a coalition or multinational operation, it will qualify only if the armed forces of the United States directly conducted the strike. 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 terrestrial territory of Yemen, including its internal waters. Yemen’s maritime territory and airspace are not encompassed. Where territorial borders are disputed, all territory claimed by and under the de facto control of Yemen 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 (Yemen Standard Time) 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 governments and militaries of the United States and Yemen and a consensus of credible reporting.
Rules history
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Market explained
This market measures whether the United States refrains from conducting specific qualifying military strikes directly impacting Yemen's land territory through October 31, 2026.
How it resolves
The market resolves to Yes if the United States does not conduct a qualifying military action against Yemen by October 31, 2026, at 11:59 PM Yemen Standard Time. The market resolves to No if the armed forces of the United States conduct an air strike or surface-to-surface missile strike that directly impacts the terrestrial territory or internal waters of Yemen by that deadline. Actions by contractors, proxies, intercepted munitions, debris, surface-to-air missiles, small arms, ground incursions, cyber operations, naval or artillery fire, and minor strikes do not qualify. Resolution is determined by official information from the governments and militaries of the US and Yemen, alongside a consensus of credible reporting.
Key dates
- Cutoff time: — 11:59 PM Yemen Standard Time on October 31, 2026.
Resolution source
Official information from the governments and militaries of the United States and Yemen and a consensus of credible reporting
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