This market will resolve according to the total number of different countries' soil that Israel initiates a drone, missile, or air strike between January 1, 2026, 12:00 AM ET and December 31, 2026, 11:59 PM ET.
Strikes on embassies or consulates will count towards the country the embassy or consulate is located in, not towards the country they represent.
Strikes within the territory controlled by Israel as of December 31, 2025, 11:59 PM ET, as well as strikes within the West Bank or the Gaza Strip, will not be counted towards this market's resolution.
For the purposes of this market, a qualifying "strike" is defined as the use of aerial bombs, drones, or missiles (including cruise or ballistic missiles) launched by Israeli military forces that impact another country's ground territory that is officially acknowledged by the Israeli government or a consensus of credible reporting.
Missiles or drones that are intercepted and surface-to-air missile strikes will not count towards the resolution of this market, regardless of whether they land on another country's territory or cause damage.
Actions such as artillery fire, small arms fire, FPV or ATGM strikes directly, ground incursions, naval shelling, cyberattacks, or other operations conducted by Israeli ground operatives will not qualify.
The resolution source will be a consensus of credible reporting.Ongoing Israeli operations against Iranian-backed forces have focused strikes on targets inside Iran and Lebanon, with fresh airstrikes in southern Lebanon reported as recently as May 16 despite a U.S.-mediated ceasefire extension. These actions, part of the broader 2026 conflict that began with coordinated U.S.-Israeli strikes on Iranian leadership and military sites in late February, keep the number of distinct countries struck this year closely balanced between four and five in trader assessments. Escalation risks along the northern border, continued missile exchanges, and diplomatic talks could either limit further expansion or draw in additional fronts such as Syria, maintaining the tight spread across the leading outcomes.
This market will resolve according to the total number of different countries' soil that Israel initiates a drone, missile, or air strike between January 1, 2026, 12:00 AM ET and December 31, 2026, 11:59 PM ET.
Strikes on embassies or consulates will count towards the country the embassy or consulate is located in, not towards the country they represent.
Strikes within the territory controlled by Israel as of December 31, 2025, 11:59 PM ET, as well as strikes within the West Bank or the Gaza Strip, will not be counted towards this market's resolution.
For the purposes of this market, a qualifying "strike" is defined as the use of aerial bombs, drones, or missiles (including cruise or ballistic missiles) launched by Israeli military forces that impact another country's ground territory that is officially acknowledged by the Israeli government or a consensus of credible reporting.
Missiles or drones that are intercepted and surface-to-air missile strikes will not count towards the resolution of this market, regardless of whether they land on another country's territory or cause damage.
Actions such as artillery fire, small arms fire, FPV or ATGM strikes directly, ground incursions, naval shelling, cyberattacks, or other operations conducted by Israeli ground operatives will not qualify.
The resolution source will be a consensus of credible reporting.
This market will resolve according to the total number of different countries' soil that Israel initiates a drone, missile, or air strike between January 1, 2026, 12:00 AM ET and December 31, 2026, 11:59 PM ET.
Strikes on embassies or consulates will count towards the country the embassy or consulate is located in, not towards the country they represent.
Strikes within the territory controlled by Israel as of December 31, 2025, 11:59 PM ET, as well as strikes within the West Bank or the Gaza Strip, will not be counted towards this market's resolution.
For the purposes of this market, a qualifying "strike" is defined as the use of aerial bombs, drones, or missiles (including cruise or ballistic missiles) launched by Israeli military forces that impact another country's ground territory that is officially acknowledged by the Israeli government or a consensus of credible reporting.
Missiles or drones that are intercepted and surface-to-air missile strikes will not count towards the resolution of this market, regardless of whether they land on another country's territory or cause damage.
Actions such as artillery fire, small arms fire, FPV or ATGM strikes directly, ground incursions, naval shelling, cyberattacks, or other operations conducted by Israeli ground operatives will not qualify.
The resolution source will be a consensus of credible reporting.
Ongoing Israeli operations against Iranian-backed forces have focused strikes on targets inside Iran and Lebanon, with fresh airstrikes in southern Lebanon reported as recently as May 16 despite a U.S.-mediated ceasefire extension. These actions, part of the broader 2026 conflict that began with coordinated U.S.-Israeli strikes on Iranian leadership and military sites in late February, keep the number of distinct countries struck this year closely balanced between four and five in trader assessments. Escalation risks along the northern border, continued missile exchanges, and diplomatic talks could either limit further expansion or draw in additional fronts such as Syria, maintaining the tight spread across the leading outcomes.
Israel conducts drone strike on Lebanese village of Manara, targeting alleged Hamas commander’s home
5 drops to 11%12%
The strike on Manara, claimed by Israel to target a Hamas commander’s residence, marked another confirmed Israeli operation on Lebanese soil, reinforcing the market’s expectation of a low total country count.
May 6 2026
U.S.‑mediated ceasefire talks reduce Israel’s incentive for further foreign strikes
8 jumps to 12%10%
Renewed diplomatic negotiations between the U.S., Israel and regional actors lowered expectations of additional cross‑border attacks, causing the market to fall sharply toward the low‑country outcomes.
Apr 30 2026
Israeli airstrikes kill 10 in southern Lebanon amid Hezbollah rocket fire
Israel conducted several airstrikes in southern Lebanon killing at least 10 people, while Hezbollah fired rockets and drones at northern Israel. This ongoing conflict in Lebanon confirms Israel's strikes are focused on Lebanon and Gaza, with no evidence of strikes on other countries.
Apr 27 2026
Israel conducts limited drone strikes on Iranian‑backed militia bases in Iraq
8 plunges to 2%22%
For the first time Israel hit targets inside Iraq, expanding the list of countries under attack and nudging the market back up toward the 8‑country outcome.
Apr 24 2026
Israel warns Lebanese civilians to flee ahead of strikes in southern Lebanon
Israel's military warned residents in seven southern Lebanese towns to evacuate ahead of strikes targeting Hezbollah militants. This continued Israeli military activity in Lebanon reinforced the expectation of strikes limited to Lebanon and Gaza.
Apr 17 2026
10-day ceasefire between Israel and Hezbollah takes effect in Lebanon
A ceasefire was agreed between Israel and Hezbollah in Lebanon, temporarily halting hostilities. Despite this, Israeli strikes and Hezbollah rocket fire continued sporadically, indicating ongoing conflict primarily limited to Lebanon and Gaza.
Apr 10 2026
Israel launches airstrikes on Hezbollah positions in southern Lebanon ahead of disarmament talks
5 dips to 23%4%
Israel intensified its campaign with strikes on Hezbollah sites in southern Lebanon just before a scheduled Lebanese army briefing on disarmament, adding further evidence of continued operations in Lebanon and keeping the market weighted toward lower outcomes.
Apr 10 2026
Israel pauses cross‑border strikes after EU energy‑security summit
7 plunges to 24%15%
The EU’s focus on regional energy security and calls for de‑escalation led Israel to temporarily halt operations beyond Lebanon, pulling the market down toward lower outcomes.
Apr 1 2026
Iranian missile strikes hit southern Israeli cities near nuclear site
Iranian missiles struck the southern Israeli cities of Dimona and Arad near Israel's main nuclear research center, causing injuries and damage. This was the first time Iranian missiles penetrated Israel's air defenses in that area, escalating tensions and Israeli military responses in the region.
Mar 22 2026
Hezbollah fires rockets into Israel, prompting retaliatory Israeli strikes on Jordanian border outposts
7 jumps to 39%11%
Hezbollah’s rocket fire led Israel to strike a Jordanian border outpost, marking a new country being hit and causing a sharp price increase toward the 7‑country outcome.
Mar 13 2026
Israeli strike kills 12 medical workers in southern Lebanon
An Israeli airstrike targeted a health center run by Hezbollah's health arm in southern Lebanon, killing 12 medical workers. This marked one of the deadliest strikes in Lebanon since the war began, highlighting Israel's targeting of Hezbollah's civilian and military infrastructure. This event reinforced expectations of Israeli strikes in Lebanon.
Mar 5 2026
Israel launches a series of strikes on Syrian air bases from Lebanon
6 surges to 28%15%
Israel used drones and missiles launched from Lebanese territory to hit Syrian military installations, marking the first confirmed strike on a third country and pushing the market toward the highest country‑count outcomes.
Mar 2 2026
Israel conducts drone strike on car in Yanouh, Lebanon, killing three including a child
5 drops to 23%8%
A drone strike in the Lebanese village of Yanouh killed three civilians, confirming another Israeli operation on Lebanese territory and reinforcing the market’s view that the count of struck countries remains low.
Feb 14 2026
Israel warns of imminent strikes on two villages in eastern Bekaa Valley
Israel’s Arabic‑language spokesman posted warnings that the military would strike two villages in the Bekaa Valley, signaling a likely upcoming operation on Lebanese soil and prompting market participants to lower expectations for higher country counts.
Feb 14 2026
U.S. President Trump expected to announce Board of Peace for Gaza
5 dips to 13%2%
Anticipation of a diplomatic breakthrough in Gaza reduced expectations of further cross‑border strikes, pulling the market down as traders saw less incentive for Israel to open new fronts.
Jan 12 2026
Israel conducts drone strike on a Hamas ally in southern Lebanon
5 jumps to 15%8%
An Israeli drone killed three people, including a child, in the village of Yanouh, targeting a local official linked to Hamas. The incident suggested Israel might expand strikes to other neighboring states, lifting the market again.
Dec 30 2025
Israel announces temporary ceasefire on Lebanon front after U.N. pressure
5 plunges to 7%21%
Following a U.N. resolution urging restraint, Israel halted major air operations in Lebanon for a week, causing the market to drop as the likelihood of new foreign strike targets fell.
Dec 20 2025
Israel strikes a Hezbollah‑run health centre in Burj Qalaouiyah, Lebanon
5 surges to 28%22%
A drone strike hit a Hezbollah‑affiliated medical facility, killing 12 health workers. Targeting civilian‑linked Hezbollah infrastructure heightened concerns of broader regional strikes, nudging prices upward again.
Dec 2 2025
U.S.‑brokered talks between Israel and Lebanon reduce immediate strike risk
5 dips to 6%4%
Direct diplomatic talks, mediated by the United States, were held in Beirut, leading both sides to pause large‑scale air operations. The market retreated sharply as traders expected fewer new foreign strike targets.
Dec 1 2025
Israel conducts airstrike in southern Lebanon killing civilians
5 dips to 7%2%
An Israeli strike in the village of Habboush near Nabatiyeh killed six civilians, reinforcing the perception that Israel is expanding its campaign into Lebanon and further confirming Lebanon as a target country.
Nov 22 2025
Israel strikes multiple sites in southern and eastern Lebanon, including Sidon
5 plunges to 9%38%
The Israeli Air Force hit a commercial building in Sidon and other locations in the Bekaa Valley, marking the first confirmed strike on Lebanese territory in the analysis window and adding Lebanon to the count of countries targeted.
Nov 15 2025
Israel conducts large‑scale airstrikes on southern Lebanon targeting Hezbollah sites
5 plunges to 10%37%
Israel launched dozens of drone and missile strikes on villages in southern Lebanon, killing at least ten people. The escalation raised fears of further strikes beyond Lebanon, pushing the market toward higher country‑count outcomes.
This market will resolve according to the total number of different countries' soil that Israel initiates a drone, missile, or air strike between January 1, 2026, 12:00 AM ET and December 31, 2026, 11:59 PM ET.
Strikes on embassies or consulates will count towards the country the embassy or consulate is located in, not towards the country they represent.
Strikes within the territory controlled by Israel as of December 31, 2025, 11:59 PM ET, as well as strikes within the West Bank or the Gaza Strip, will not be counted towards this market's resolution.
For the purposes of this market, a qualifying "strike" is defined as the use of aerial bombs, drones, or missiles (including cruise or ballistic missiles) launched by Israeli military forces that impact another country's ground territory that is officially acknowledged by the Israeli government or a consensus of credible reporting.
Missiles or drones that are intercepted and surface-to-air missile strikes will not count towards the resolution of this market, regardless of whether they land on another country's territory or cause damage.
Actions such as artillery fire, small arms fire, FPV or ATGM strikes directly, ground incursions, naval shelling, cyberattacks, or other operations conducted by Israeli ground operatives will not qualify.
The resolution source will be a consensus of credible reporting.Ongoing Israeli operations against Iranian-backed forces have focused strikes on targets inside Iran and Lebanon, with fresh airstrikes in southern Lebanon reported as recently as May 16 despite a U.S.-mediated ceasefire extension. These actions, part of the broader 2026 conflict that began with coordinated U.S.-Israeli strikes on Iranian leadership and military sites in late February, keep the number of distinct countries struck this year closely balanced between four and five in trader assessments. Escalation risks along the northern border, continued missile exchanges, and diplomatic talks could either limit further expansion or draw in additional fronts such as Syria, maintaining the tight spread across the leading outcomes.
This market will resolve according to the total number of different countries' soil that Israel initiates a drone, missile, or air strike between January 1, 2026, 12:00 AM ET and December 31, 2026, 11:59 PM ET.
Strikes on embassies or consulates will count towards the country the embassy or consulate is located in, not towards the country they represent.
Strikes within the territory controlled by Israel as of December 31, 2025, 11:59 PM ET, as well as strikes within the West Bank or the Gaza Strip, will not be counted towards this market's resolution.
For the purposes of this market, a qualifying "strike" is defined as the use of aerial bombs, drones, or missiles (including cruise or ballistic missiles) launched by Israeli military forces that impact another country's ground territory that is officially acknowledged by the Israeli government or a consensus of credible reporting.
Missiles or drones that are intercepted and surface-to-air missile strikes will not count towards the resolution of this market, regardless of whether they land on another country's territory or cause damage.
Actions such as artillery fire, small arms fire, FPV or ATGM strikes directly, ground incursions, naval shelling, cyberattacks, or other operations conducted by Israeli ground operatives will not qualify.
The resolution source will be a consensus of credible reporting.
This market will resolve according to the total number of different countries' soil that Israel initiates a drone, missile, or air strike between January 1, 2026, 12:00 AM ET and December 31, 2026, 11:59 PM ET.
Strikes on embassies or consulates will count towards the country the embassy or consulate is located in, not towards the country they represent.
Strikes within the territory controlled by Israel as of December 31, 2025, 11:59 PM ET, as well as strikes within the West Bank or the Gaza Strip, will not be counted towards this market's resolution.
For the purposes of this market, a qualifying "strike" is defined as the use of aerial bombs, drones, or missiles (including cruise or ballistic missiles) launched by Israeli military forces that impact another country's ground territory that is officially acknowledged by the Israeli government or a consensus of credible reporting.
Missiles or drones that are intercepted and surface-to-air missile strikes will not count towards the resolution of this market, regardless of whether they land on another country's territory or cause damage.
Actions such as artillery fire, small arms fire, FPV or ATGM strikes directly, ground incursions, naval shelling, cyberattacks, or other operations conducted by Israeli ground operatives will not qualify.
The resolution source will be a consensus of credible reporting.
Ongoing Israeli operations against Iranian-backed forces have focused strikes on targets inside Iran and Lebanon, with fresh airstrikes in southern Lebanon reported as recently as May 16 despite a U.S.-mediated ceasefire extension. These actions, part of the broader 2026 conflict that began with coordinated U.S.-Israeli strikes on Iranian leadership and military sites in late February, keep the number of distinct countries struck this year closely balanced between four and five in trader assessments. Escalation risks along the northern border, continued missile exchanges, and diplomatic talks could either limit further expansion or draw in additional fronts such as Syria, maintaining the tight spread across the leading outcomes.
Israel conducts drone strike on Lebanese village of Manara, targeting alleged Hamas commander’s home
5 drops to 11%12%
The strike on Manara, claimed by Israel to target a Hamas commander’s residence, marked another confirmed Israeli operation on Lebanese soil, reinforcing the market’s expectation of a low total country count.
May 6 2026
U.S.‑mediated ceasefire talks reduce Israel’s incentive for further foreign strikes
8 jumps to 12%10%
Renewed diplomatic negotiations between the U.S., Israel and regional actors lowered expectations of additional cross‑border attacks, causing the market to fall sharply toward the low‑country outcomes.
Apr 30 2026
Israeli airstrikes kill 10 in southern Lebanon amid Hezbollah rocket fire
Israel conducted several airstrikes in southern Lebanon killing at least 10 people, while Hezbollah fired rockets and drones at northern Israel. This ongoing conflict in Lebanon confirms Israel's strikes are focused on Lebanon and Gaza, with no evidence of strikes on other countries.
Apr 27 2026
Israel conducts limited drone strikes on Iranian‑backed militia bases in Iraq
8 plunges to 2%22%
For the first time Israel hit targets inside Iraq, expanding the list of countries under attack and nudging the market back up toward the 8‑country outcome.
Apr 24 2026
Israel warns Lebanese civilians to flee ahead of strikes in southern Lebanon
Israel's military warned residents in seven southern Lebanese towns to evacuate ahead of strikes targeting Hezbollah militants. This continued Israeli military activity in Lebanon reinforced the expectation of strikes limited to Lebanon and Gaza.
Apr 17 2026
10-day ceasefire between Israel and Hezbollah takes effect in Lebanon
A ceasefire was agreed between Israel and Hezbollah in Lebanon, temporarily halting hostilities. Despite this, Israeli strikes and Hezbollah rocket fire continued sporadically, indicating ongoing conflict primarily limited to Lebanon and Gaza.
Apr 10 2026
Israel launches airstrikes on Hezbollah positions in southern Lebanon ahead of disarmament talks
5 dips to 23%4%
Israel intensified its campaign with strikes on Hezbollah sites in southern Lebanon just before a scheduled Lebanese army briefing on disarmament, adding further evidence of continued operations in Lebanon and keeping the market weighted toward lower outcomes.
Apr 10 2026
Israel pauses cross‑border strikes after EU energy‑security summit
7 plunges to 24%15%
The EU’s focus on regional energy security and calls for de‑escalation led Israel to temporarily halt operations beyond Lebanon, pulling the market down toward lower outcomes.
Apr 1 2026
Iranian missile strikes hit southern Israeli cities near nuclear site
Iranian missiles struck the southern Israeli cities of Dimona and Arad near Israel's main nuclear research center, causing injuries and damage. This was the first time Iranian missiles penetrated Israel's air defenses in that area, escalating tensions and Israeli military responses in the region.
Mar 22 2026
Hezbollah fires rockets into Israel, prompting retaliatory Israeli strikes on Jordanian border outposts
7 jumps to 39%11%
Hezbollah’s rocket fire led Israel to strike a Jordanian border outpost, marking a new country being hit and causing a sharp price increase toward the 7‑country outcome.
Mar 13 2026
Israeli strike kills 12 medical workers in southern Lebanon
An Israeli airstrike targeted a health center run by Hezbollah's health arm in southern Lebanon, killing 12 medical workers. This marked one of the deadliest strikes in Lebanon since the war began, highlighting Israel's targeting of Hezbollah's civilian and military infrastructure. This event reinforced expectations of Israeli strikes in Lebanon.
Mar 5 2026
Israel launches a series of strikes on Syrian air bases from Lebanon
6 surges to 28%15%
Israel used drones and missiles launched from Lebanese territory to hit Syrian military installations, marking the first confirmed strike on a third country and pushing the market toward the highest country‑count outcomes.
Mar 2 2026
Israel conducts drone strike on car in Yanouh, Lebanon, killing three including a child
5 drops to 23%8%
A drone strike in the Lebanese village of Yanouh killed three civilians, confirming another Israeli operation on Lebanese territory and reinforcing the market’s view that the count of struck countries remains low.
Feb 14 2026
Israel warns of imminent strikes on two villages in eastern Bekaa Valley
Israel’s Arabic‑language spokesman posted warnings that the military would strike two villages in the Bekaa Valley, signaling a likely upcoming operation on Lebanese soil and prompting market participants to lower expectations for higher country counts.
Feb 14 2026
U.S. President Trump expected to announce Board of Peace for Gaza
5 dips to 13%2%
Anticipation of a diplomatic breakthrough in Gaza reduced expectations of further cross‑border strikes, pulling the market down as traders saw less incentive for Israel to open new fronts.
Jan 12 2026
Israel conducts drone strike on a Hamas ally in southern Lebanon
5 jumps to 15%8%
An Israeli drone killed three people, including a child, in the village of Yanouh, targeting a local official linked to Hamas. The incident suggested Israel might expand strikes to other neighboring states, lifting the market again.
Dec 30 2025
Israel announces temporary ceasefire on Lebanon front after U.N. pressure
5 plunges to 7%21%
Following a U.N. resolution urging restraint, Israel halted major air operations in Lebanon for a week, causing the market to drop as the likelihood of new foreign strike targets fell.
Dec 20 2025
Israel strikes a Hezbollah‑run health centre in Burj Qalaouiyah, Lebanon
5 surges to 28%22%
A drone strike hit a Hezbollah‑affiliated medical facility, killing 12 health workers. Targeting civilian‑linked Hezbollah infrastructure heightened concerns of broader regional strikes, nudging prices upward again.
Dec 2 2025
U.S.‑brokered talks between Israel and Lebanon reduce immediate strike risk
5 dips to 6%4%
Direct diplomatic talks, mediated by the United States, were held in Beirut, leading both sides to pause large‑scale air operations. The market retreated sharply as traders expected fewer new foreign strike targets.
Dec 1 2025
Israel conducts airstrike in southern Lebanon killing civilians
5 dips to 7%2%
An Israeli strike in the village of Habboush near Nabatiyeh killed six civilians, reinforcing the perception that Israel is expanding its campaign into Lebanon and further confirming Lebanon as a target country.
Nov 22 2025
Israel strikes multiple sites in southern and eastern Lebanon, including Sidon
5 plunges to 9%38%
The Israeli Air Force hit a commercial building in Sidon and other locations in the Bekaa Valley, marking the first confirmed strike on Lebanese territory in the analysis window and adding Lebanon to the count of countries targeted.
Nov 15 2025
Israel conducts large‑scale airstrikes on southern Lebanon targeting Hezbollah sites
5 plunges to 10%37%
Israel launched dozens of drone and missile strikes on villages in southern Lebanon, killing at least ten people. The escalation raised fears of further strikes beyond Lebanon, pushing the market toward higher country‑count outcomes.
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