Deportations in 2026?
Short Answer
1. Market Behavior & Drivers
- New policies target non-criminal aliens for increased enforcement.
- FY2026 ERO budget increased significantly to $9.4 billion.
- Deportation flights continue, reaching formerly non-cooperative nations.
- Q1 FY2026 saw a 25.89% rise in ICE removals.
Who Wins and Why
| Outcome | Market | Model | Why |
|---|---|---|---|
| Above 500,000 | 31.0% | 42.1% | New policies targeting non-criminal aliens and increased budgets suggest a substantial rise in deportations. |
| Above 400,000 | 74.0% | 80.6% | A significantly increased budget and continued operational flights point to higher enforcement and removals. |
| Above 600,000 | 16.0% | 24.6% | New policies targeting non-criminal aliens and a 25.89% Q1 FY2026 removals increase drive higher deportations. |
| Above 300,000 | 92.6% | 94.7% | Increased budgets for enforcement and new policies contribute to a substantial rise in FY2026 deportations. |
| Above 200,000 | 94.5% | 96.1% | Continued operational deportation flights and rising Q1 FY2026 removals support a higher volume of deportations. |
2. Price Chart
Historical Price (Probability)
3. Significant Price Movements
Notable price changes detected in the chart, along with research into what caused each movement.
Outcome: Above 400,000
📈 April 25, 2026: 11.0pp spike
Price increased from 71.0% to 82.0%
Outcome: Above 600,000
📉 April 16, 2026: 80.8pp drop
Price decreased from 97.8% to 17.0%
4. Market Data
Contract Snapshot
This market resolves to "Yes" if the number of U.S. Immigration and Customs Enforcement (ICE) removals exceeds 500,000 in Fiscal Year 2026; otherwise, it resolves to "No." The outcome will be verified using official data from ICE once complete FY2026 data is available, with a projected payout by April 1, 2027. Trading is open from February 12, 2026, until January 1, 2027, and employees of Source Agencies are prohibited from trading this contract.
Available Contracts
Market options and current pricing
| Outcome bucket | Yes (price) | No (price) | Last trade probability |
|---|---|---|---|
| Above 200,000 | $0.99 | $0.05 | 95% |
| Above 300,000 | $0.99 | $0.07 | 93% |
| Above 400,000 | $0.81 | $0.24 | 74% |
| Above 500,000 | $0.31 | $0.70 | 31% |
| Above 600,000 | $0.21 | $0.84 | 16% |
Market Discussion
Traders generally anticipate a high number of deportations in FY2026, with market probabilities indicating a 74% chance of exceeding 400,000 removals. However, the limited discussion highlights skepticism, with one user pointing to past delays in official DHS deportation data publication as a potential challenge, while another expresses concern about vague payout conditions. There are no explicit arguments supporting the market's higher probabilities for increased deportations.
5. Trust Index
Largest single print on KXDEPORTATIONS-27JAN01-T200000 carried 66% of its $317 tape (contract holds 8.8% of the event's money; print is 64d old)
Integrity risk· Large trades
Weighted blend with hard caps — a critically weak safety pillar, or a severe trading anomaly, caps the total regardless of the rest. Full methodology · About the Trust Index
6. What New ICE Enforcement Policies Target Non-Criminal Aliens?
| Executive Order on Interior Enforcement | January 21, 2025 [1] |
|---|---|
| DHS Guidance on Enforcement Issued | January 23, 2025 [2] |
| Public Charge Rule Effective | February 27, 2025 [3] |
Sources (7)
- 1https://www.globalrefuge.org/wp-content/uploads/2025/08/Executive-Order-on-Interior-Enforcement-Protecting-the-American-People-1.21.25-1.pdfglobalrefuge.org
- 2SKM_C550i25012318260dhs.gov
- 3https://public-inspection.federalregister.gov/2025-02006.pdf?1738080907public-inspection.federalregister.gov
- 4https://www.govinfo.gov/content/pkg/DCPD-202500126/pdf/DCPD-202500126.pdfgovinfo.gov
- 5Secretary Noem Announces Agency Will Enforce Laws That Penalize Aliens in the Country Illegally | Homeland Securitydhs.gov
- 6One Month of Secretary Noem: Making America Safe Again | Homeland Securitydhs.gov
- 7Interim Guidance: Civil Immigration Enforcement Actions in or near Courthousesice.gov
7. How Does the FY2026 ERO Budget Compare to FY2019?
| FY2026 ERO Budget | $9.4 billion [1] |
|---|---|
| FY2026 Detention Beds | 41,500 beds [1] |
| FY2026 Transportation Funding | $1.0 billion [1] |
Sources (2)
8. Which Countries Received U.S. Deportation Flights by Mid-2025?
| Venezuela Deportations | At least two U.S. deportation flights by February 2025 [1] |
|---|---|
| Cuba Deportations | At least eleven flights by end of 2025, including 128 Cubans on one flight and 139 on another [2] |
| Nicaragua Deportations | Over 2,100 Nicaraguans on 19 U.S. flights during first half of 2025 [3] |
Sources (4)
- 1Two flights carrying U.S. deportees heading to Venezuela, alleged gang members aboard | Reutersreuters.com
- 2The U.S. deports 128 Cubans on a new flight to Havanaen.cibercuba.com
- 3More Than 2,100 Nicaraguans Deported on 19 U.S. Flights in First Half of 2025confidencial.digital
- 4U.S. Deports 139 Cuban Migrants in Eleventh Flight to Havana in 2025cubaheadlines.com
9. What is the Current US Immigration Court Backlog and Resolution Efforts?
| Immigration Court Backlog | Over 3.5 million cases (October 1, 2025) [1] |
|---|---|
| FY2026 Cases Completed | 664,196 [1] |
| FY2026 New Cases Filed | 1,029,910 [1] |
Sources (4)
- 1Eoir.htmltracreports.org
- 2Immigration Court Backlog Statistics in US 2026 | Key Facts - The World Datatheworlddata.com
- 3Executive Office for Immigration Review | Federal Register Notices 2025justice.gov
- 4Implementation Guidance for January 2025 Federal Register Notice, Designating Aliens for Expedited Removalice.gov
10. What Are the Latest U.S. Deportation Statistics for Q1 FY2026?
| Total Deportations Q1 FY2026 | 124,000 [1] |
|---|---|
| Monthly Average Deportations Q1 FY2026 | Approximately 41,333 [1] |
| Growth Rate Q1 FY2025 to Q1 FY2026 | 25.89% increase [1] |