The Gaza Strip, a small territory on the eastern coast of the Mediterranean Sea, has been under Hamas's de facto control since 2007. Following a surprise attack on Israel on October 7, 2023, international attention turned to the situation in Gaza. The Israeli government launched Operation Iron Swords, conducting airstrikes and calling up reservists in response to the attack. The number of rockets launched by Hamas during this time was unprecedented, with an estimated 2,200 projectiles fired at Israel. If credible reports indicate that Hamas no longer controls the majority of the Gaza Strip's land area between October 7, 2023, and December 31, 2023, then control is deemed lost, resolving the market to "Yes".