Bab el-Mandeb Strait effectively closed by May 31?
What resolves this contract
This market will resolve to “Yes” if IMF PortWatch publishes a 7-day moving average of transit calls (“Arrivals of Ships”) for the Bab el-Mandeb Strait less than or equal to 10 for any date between market creation and the listed date. Otherwise, this market will resolve to “No”. This market will resolve as soon as IMF PortWatch publishes a 7-day moving average of transit calls for the Bab el-Mandeb Strait equal to or below 10, or once data has been published for the listed date and no such value has been published. If no data has been published for the listed date within 14 calendar days (ET
How to read the price
Prediction market prices are expressed in cents on the dollar. A YES contract trading at 22¢ means the market is pricing in a 22.5% implied probability of the event resolving YES. If resolution comes back YES, the contract pays $1. If NO, it pays $0.
Volume vs. open interest
Total traded volume ($99,266) reflects every buy and sell across the life of this contract. Open interest ($25,868) is the dollar value of positions currently held by traders. Deep liquidity and wide open interest are the two signals that the quoted price is reliable.
Where to trade this market
This contract is listed on Polymarket. PicksByOdds does not accept deposits, execute trades, or offer brokerage. We publish the data; you decide what to do with it.
Markets in the same story
| Market | YES | Volume |
|---|---|---|
| Will the US acquire part of Greenland in 2026? | 15¢ | $9,601,820 |
| Will Alibaba have the best AI model at the end of April 2026? | 1¢ | $997,711 |
| Will María Corina Machado be the leader of Venezuela end of 2026? | 10¢ | $989,895 |
Common questions about this market
How is this market resolved?
This market will resolve to “Yes” if IMF PortWatch publishes a 7-day moving average of transit calls (“Arrivals of Ships”) for the Bab el-Mandeb Strait less than or equal to 10 for any date between market creation and the listed date. Otherwise, this market will resolve to “No”. This market will resolve as soon as IMF PortWatch publishes a 7-day moving average of transit calls for the Bab el-Mandeb Strait equal to or below 10, or once data has been published for the listed date and no such value has been published. If no data has been published for the listed date within 14 calendar days (ET
When does this contract expire?
This contract closes on 2026-04-30, 9 days from now. After close, the final outcome is determined per the resolution rules above, and contracts settle at $1 (winning side) or $0 (losing side).
What happens if I buy YES at 22¢?
If the event resolves YES, each YES contract pays $1 , a profit of 78¢ per dollar risked. If it resolves NO, the contract pays $0 and the full 22¢ is lost. Current market price implies a 22.5% probability of YES.
Where is this market listed?
This contract is listed on Polymarket. PicksByOdds aggregates and displays public market data; we do not broker trades or custody funds.
How reliable is the quoted price?
This market has $99,266 in total traded volume and $25,868 in open interest. Deeper liquidity generally means tighter spreads and more reliable implied probabilities. Prices refresh multiple times per day.