Houthi military action against IsraelThe Houthis have launched drone and missile strikes against Saudi-led coalition forces in Yemen, according to a report by Al Jazeera. The attacks have reportedly resulted in the deaths of dozens of government troops and highlight the Houthis’ advanced military capabilities. Market pricing suggests participants may view this as raising the likelihood of future Houthi actions beyond Yemen, particularly against Israel. The 6.5% YES pricing in the “Houthi Military Action Against Israel” market suggests a slight increase in perceived risk. Further escalation in military activities, particularly involving cross-border capabilities, could influence market perceptions regarding potential Houthi actions against Israel.