On Thursday, January 11, 2024, it was reported US President Joe Biden would potentially give a statement on the situation involving the Houthis in the Red Sea.

This market will resolve to "Yes" if the United States of America initiates a military attack on Yemeni soil, airspace, or maritime territory intended to strike Houthi targets between January 11, 12:00 PM ET, and January 12, 2024, 11:59 PM ET. Otherwise, this market will resolve to "No".

A "military attack" is any use of force executed by the US on Yemeni soil, airspace, or maritime territory (e.g. if a Houthi weapons depot on Yemeni soil is subject to a US missile strike, this market will resolve to "Yes") that is officially acknowledged by the U.S. federal government or a consensus of credible reporting, and specifically directed against Houthi targets. This includes, but is not limited to, airstrikes, naval attacks, or ground invasions. Cyber attacks, sanctions, or diplomatic actions will not count.

The US striking an unmanned aerial vehicle or projectile over Yemeni territory in a defensive capacity will NOT count toward a "Yes" resolution.