Short Answer

Both the model and the market expect ICE removal operations to be funded again before Jan 1, 2027, with no compelling evidence of mispricing.

1. Market Behavior & Drivers

This market has consistently reflected a very high probability of a "YES" resolution, opening at 90% and climbing to its current price of 96%. The overall trend is upward, contained within a narrow 6-point range, indicating a strengthening of already high confidence. The lack of significant volatility suggests that traders have been in strong agreement about the likely outcome from the start, with the price movement representing a refinement of that certainty rather than a shift in fundamental belief.
The market's high valuation and recent upward movement appear to be a direct response to recent news. Reports on June 9, 2026, that the U.S. Senate passed a budget reconciliation package allocating substantial long-term funding for ICE and CBP directly address the question of this market. This legislative milestone likely caused the price to increase from 90% to 96% as traders priced in the significantly increased probability of the funding being finalized.
The trading volume of 6,659 contracts is considerable, suggesting strong market conviction despite the limited price movement. This high level of activity indicates that traders are actively backing the high probability with significant capital. While the limited price history makes it difficult to establish clear support or resistance levels, the 90% mark served as an initial floor of confidence. Overall, the market sentiment is overwhelmingly bullish, with the current 96% price suggesting that traders believe the funding for ICE's Enforcement and Removal Operations is almost certain to be enacted.
  • Legislation funding ICE operations passed both chambers by June 9, 2026.
  • The $70 billion package was sent to President Trump's desk.
  • President Trump is highly anticipated to sign the funding bill.
  • The funding package is reported to cover operations through 2029.
  • Intra-party Republican disputes appear resolved, clearing the legislative path.
  • A months-long funding lapse for ICE and CBP recently concluded.

Who Wins and Why

Outcome Market Model Why
Before Jan 1, 2027 99.5% 99.4% Legislation passed Congress on June 9, 2026, and President Trump's signature is highly anticipated.

Current Context

The U.S. Senate has approved substantial funding for immigration enforcement through 2029. As of June 9, 2026, the Senate passed a budget reconciliation package allocating $69.5 billion to $70 billion to fund Immigration and Customs Enforcement (ICE) and Customs and Border Protection (CBP) until September 30, 2029 [1][2][3][4][5]. This significant financial commitment aims to ensure sustained operations for these agencies over the next three years.
House vote imminent for immigration funding after previous friction. The House of Representatives is scheduled to vote on this funding package on Tuesday, June 9, 2026. If passed, it will then head to President Trump’s desk for his signature [5]. The funding bill has encountered significant political friction, including a multi-month standoff and a previous 76-day government shutdown of the Department of Homeland Security [1][3][6][5].
Despite opposition, House passage of the funding bill is expected. The bill also navigated Republican internal debates regarding a separate $1.8 billion 'anti-weaponization' fund proposed by the Trump administration [1][3][6][5]. Furthermore, it faced Democratic opposition and some concerns from Republican centrists regarding immigration enforcement practices [2][5]. Nevertheless, the funding package is considered likely to pass the House, where Republicans hold a slim majority [2][5].
Sources (6)
  1. 1Senate approves funding for ICE and Border Patrol untill 2029thehill.com
  2. 2U.S. Senate passes $70 billion ICE funding, fails to ban Trump's 'anti-weaponization' fundcnbc.com
  3. 3GOP advances $70B immigration enforcement funding bill without new limits on ICE operations - Government Executivegovexec.com
  4. 4US Senate passes $70bn ICE funding bill: What comes next? | Donald Trump News | Al Jazeeraaljazeera.com
  5. 5House GOP pushes $70 billion immigration funding package toward passagecnbc.com
  6. 6Senate passes bill to fund ICE for 3 years, without DOJ fund banyahoo.com

2. Price Chart

Historical Price (Probability)

Outcome probability
Date

3. Significant Price Movements

Notable price changes detected in the chart, along with research into what caused each movement.

📈 June 03, 2026: 9.0pp spike

Price increased from 79.0% to 88.0%

Outcome: Before Jul 1, 2026

What happened: The primary driver of the prediction market price spike on June 3, 2026, was likely the anticipation of the U.S. Senate's imminent passage of a bill to fund ICE operations. Just two days later, on June 5, 2026, the Senate indeed passed the Secure America Act, a $70 billion package that provided funding for ICE and Customs and Border Protection through September 30, 2029 [1][2][3]. This significant legislative action effectively ended a months-long funding impasse for ICE, ensuring operations would be funded well before the July 1, 2026 deadline [1][2][3]. No specific social media activity was identified as a primary driver or contributing accelerant from the provided sources.

📈 June 01, 2026: 15.0pp spike

Price increased from 69.0% to 84.0%

Outcome: Before Jul 1, 2026

What happened: The primary driver for the market's price spike on June 1, 2026, was the reported resolution of internal Republican disputes over the funding bill. Leading up to a self-imposed deadline on June 1, a proposed $1.8 billion Department of Justice "anti-weaponization" fund, which had delayed legislative progress, was reportedly dropped by the administration [3]. This development likely increased market confidence that ICE funding would be secured before July 1, 2026. Social media activity was not identified as a primary driver.
Sources (3)
  1. 1U.S. Senate passes $70 billion ICE funding, fails to ban Trump's 'anti-weaponization' fundcnbc.com
  2. 2Senate approves funding for ICE and Border Patrol untill 2029thehill.com
  3. 3GOP advances $70B immigration enforcement funding bill without new limits on ICE operations - Government Executivegovexec.com

4. Market Data

Contract Snapshot

This market resolves to Yes if legislation funding ICE's Enforcement and Removal Operations (ERO) becomes law after the market's issuance and before July 1, 2026. The market resolves to No if this event does not occur by July 1, 2026, or if a presidential pocket veto expires. Outcomes are verified from the Library of Congress, requiring bills to pass the full chamber and be signed into law or pass via veto override.

Available Contracts

Market options and current pricing

Outcome bucket Yes (price) No (price) Last trade probability
Before Jan 1, 2027 $1.00 $0.03 100%

Market Discussion

As of June 9, 2026, the U.S. House of Representatives passed a $70 billion immigration enforcement funding bill for ICE and Customs and Border Protection (CBP), which had been approved by the Senate on June 5, 2026, and now awaits President Donald Trump's signature [1][2][3][4][5]. This legislation is set to provide continuous funding for these operations through fiscal year 2029, resolving a months-long appropriations impasse that began in January 2026 due to Democratic opposition following federal agent shootings [5][6][7][1][2][4].

Sources (7)
  1. 1Republicans send $70 billion in ICE and border patrol funding to Trump’s desk | KRDOkrdo.com
  2. 2House takes up measure to pass ICE funding after weeks of Republican delays – DNYUZdnyuz.com
  3. 3House GOP pushes $70 billion immigration funding package toward passagecnbc.com
  4. 4$70 Billion Immigration Enforcement Bill Clears House | Newsmax.comnewsmax.com
  5. 5US Senate passes $70bn ICE funding bill: What comes next? | Donald Trump News | Al Jazeeraaljazeera.com
  6. 6Senate approves funding for ICE and Border Patrol untill 2029thehill.com
  7. 7GOP advances $70B immigration enforcement funding bill without new limits on ICE operations - Government Executivegovexec.com

5. What are the primary political risks that could delay or derail the ICE/CBP funding bill in the House of Representatives before July 2026?

Total funding package$70 billion [1][2][3][4]
Bill nameSecure America Act [1][2][3][4]
Funding lapse beganJanuary 2026 [3][5]
Intra-party Republican disputes pose the primary risk to the funding bill. The primary political risks threatening the ICE/CBP funding bill in the House of Representatives before July 2026 stem from intra-party disputes among Republicans regarding specific provisions [1][2][6][7][8]. Concerns from moderate Republicans about these provisions and potential voter backlash in the November 2026 midterm elections further complicate passage [1][2][6][7][8]. Given uniform Democratic opposition to the measure, any Republican intra-party divisions are critical for the bill's passage, leaving no margin for error in the House [1][3][9][10][11].
The House is currently advancing a $70 billion immigration funding package. The U.S. House has initiated the process to pass the "Secure America Act," a $70 billion immigration funding package, with a final vote anticipated as early as Tuesday, June 9, or shortly thereafter [1][2][3][4]. This legislation is being advanced through the budget reconciliation process, which requires only a simple majority for passage in the House [1][3][9][10][11]. Previously, Republican intra-party disputes caused significant stalls, particularly concerning a $1.8 billion 'anti-weaponization' fund and $1 billion in requested security funding for the White House complex [1][2][6][7][8].
A January 2026 funding lapse precipitated the current legislative push. The need for the current reconciliation effort originated from a funding lapse for ICE and CBP that began in January 2026 [3][5]. This lapse followed incidents in Minneapolis where federal agents killed two U.S. citizens, which served as the fundamental driver for a months-long partisan standoff preceding the current legislative attempt [3][5].
Sources (11)
  1. 1ICE immigration enforcement funding on track to Trump's desk - CNBCcnbc.com
  2. 2House to take up $70B bill to fund ICE, border controlsignalscv.com
  3. 3House takes up measure to pass ICE funding after weeks of Republican delays – DNYUZdnyuz.com
  4. 4House GOP pushes $70 billion immigration funding package toward passagecnbc.com
  5. 5Senate begins voting on funding immigration enforcement after Trump’s settlement fund is droppedkbtx.com
  6. 6U.S. Senate passes $70 billion ICE funding, fails to ban Trump's 'anti-weaponization' fundcnbc.com
  7. 7Immigration enforcement funding bill stalled as lawmakers return to Washingtonkcra.com
  8. 8GOP immigration enforcement bill stalls amid backlash to $1.8 billion 'anti-weaponization' fund | PBS Newspbs.org
  9. 9GOP’s $70 billion immigration package remove Democrats’ leverage to reform enforcement | The New York Ledgerthenyledger.com
  10. 10US Senate passes $70bn ICE funding bill: What comes next? | Donald Trump News | Al Jazeeraaljazeera.com
  11. 11GOP advances $70B immigration enforcement funding bill without new limits on ICE operations - Government Executivegovexec.com

6. What is the projected vote count for the DHS funding bill in the House, and which specific Republican members are considered potential 'no' votes?

H.R. 7744 Vote Count221-209 (March 5, 2026) [1][2][3]
H.R. 7147 Vote Count213-203 (March 27, 2026) [4][5]
Potential 'No' VotesSeveral Republican members due to funding strategy opposition [6][7][8][9][10]
The House passed two DHS funding bills in March 2026. The Department of Homeland Security Appropriations Act, 2026 (H.R. 7744), passed on March 5, 2026, with a vote of 221-209 [1][2][3]. A subsequent short-term DHS funding bill (H.R. 7147) was approved on March 27, 2026, receiving 213-203 votes [4][5].
Several Republicans may oppose future DHS funding legislation. These members are considered potential 'no' votes due to their strong disagreement with funding strategies that separate ICE and Border Patrol funding from the broader DHS budget [6][7][8][9][10]. Notable Republican representatives expressing such opposition include Reps. Keith Self (R-Texas), Scott Perry (R-Pa.), Chip Roy (R-Texas), Andy Biggs (R-Ariz.), Eric Burlison (R-Mo.), Clay Higgins (R-La.), and Andy Harris (R-Md.) [6][7][8][9][10].
Sources (10)
  1. 1Office of the Clerk, U.S. House of Representativesclerk.house.gov
  2. 2H.R. 7744: Department of Homeland Security Appropriations Act, 2026 -- GovTrack.usgovtrack.us
  3. 3House Roll Call Vote 87 | Congress.govcongress.gov
  4. 4House Republicans pass short-term DHS funding bill after rejecting Senate dealthehill.com
  5. 5Office of the Clerk, U.S. House of Representativesclerk.house.gov
  6. 6Mike Johnson's reversal on DHS funding sparks conservative angerthehill.com
  7. 7House Republicans bristle at Senate DHS funding, reconciliation plandigital-stage.wkbn.com
  8. 8House GOP pushes back on Senate’s ‘skinny’ plan to end record-breaking DHS shutdown | PressNewsAgencypressnewsagency.org
  9. 9Speaker Mike Johnson rejects Sen. John Thune-backed DHS deal, showing GOP divisionthehill.com
  10. 10DHS deal that excludes ICE deportation funding gets pushback from both partieswashingtonexaminer.com

7. How does the current $70 billion ICE/CBP funding package compare to the Department of Homeland Security funding proposals that failed during the prior 76-day shutdown?

Funding Amount and Scope$70 billion for ICE, CBP, and other DHS immigration operations [1][2][3][4][5]
Funding End DateSeptember 2029 [1][2][3][4][5]
Passage MechanismBudget reconciliation, bypassing 60-vote filibuster [1][2][5]
The U.S. Senate approved a $70 billion funding package for immigration operations. This package, passed in June 2026, specifically allocates funds to Immigration and Customs Enforcement (ICE), Customs and Border Protection (CBP), and other Department of Homeland Security (DHS) immigration activities, ensuring their operation through September 2029 [1][2][3][4][5]. The legislative success was achieved using budget reconciliation, a procedural mechanism that allowed the bill to bypass the usual 60-vote filibuster requirement in the Senate [1][2][5].
This recent funding package differs from earlier DHS proposals. This is particularly evident when compared to attempts to finance the Department of Homeland Security during a 76-day government shutdown that concluded on April 30, 2026. During that period, Democrats had opposed funding ICE and CBP operations following a fatal shooting incident in January [6][7][8][9][10]. The bipartisan bill that eventually ended the shutdown provided funding for the remainder of DHS but notably omitted financial support for the controversial immigration enforcement functions of ICE and CBP [1][2][5][6][7][8][9][10].
Sources (10)
  1. 1Senate passes $70 billion immigration enforcement funding package after overnight voting sessionwashingtontimes.com
  2. 2US Senate passes $70bn ICE funding bill: What comes next? | Donald Trump News | Al Jazeeraaljazeera.com
  3. 3GOP advances $70B immigration enforcement funding bill without new limits on ICE operations - Government Executivegovexec.com
  4. 4Senate passes $70B immigration enforcement bill without limits on Trump settlement fund | KPBS Public Mediakpbs.org
  5. 5The Senate’s $70-billion Reconciliation Package: What’s In, What’s Out - AAFamericanactionforum.org
  6. 6Congress ends record shutdown at the Department of Homeland Security | NPR & Houston Public Mediahoustonpublicmedia.org
  7. 7Trump signs Homeland Security funding bill, ending record shutdown | PBS Newspbs.org
  8. 8Homeland Security shutdown ends hours before workers would have gone without pay againwashingtontimes.com
  9. 9Congress ends record shutdown at the Department of Homeland Security | KPBS Public Mediakpbs.org
  10. 10Trump signs bill funding the Department of Homeland Security, ending record shutdownwsls.com

8. What official congressional sources and legislative calendars provide a definitive timeline for the House vote on the DHS appropriations bill in June 2026?

Subcommittee Action (DHS Approp. Act)Advanced on June 5, 2026 [1][2]
Full Committee Consideration (DHS Approp. Act)Scheduled for June 10, 2026 [1][2]
House Floor Vote (Reconciliation Package)Week of June 8-12, 2026 [3][4][5]
The House is advancing its annual Department of Homeland Security appropriations bill. The House Appropriations Committee’s Homeland Security Subcommittee advanced the "Department of Homeland Security Appropriations Act, 2027" (H.R. _) on June 5, 2026 [1][2]. The full Appropriations Committee is scheduled to consider this bill on June 10, 2026 [1][2]. However, the available information does not provide a definitive timeline for a House floor vote on this specific appropriations measure.
The Senate passed a separate reconciliation package targeting immigration enforcement. On Friday, June 5, 2026, the Senate approved a $69.5 billion budget reconciliation package [3][4][5]. This reconciliation bill specifically targets funding for Immigration and Customs Enforcement (ICE) and Customs and Border Protection (CBP) through 2029 [3][4][5]. House Speaker Mike Johnson (R-La.) intends to bring this package to the House floor for a vote during the week of June 8-12, 2026 [3][4][5].
Sources (5)
  1. 1Fiscal Year 2027 Department of Homeland Security Bill | Committee Repository | U.S. House of Representativesdocs.house.gov
  2. 2House Subcommittee Advances FY27 DHS Appropriations Bill | Passenger Transportaptapassengertransport.com
  3. 3Senate approves funding for ICE and Border Patrol untill 2029thehill.com
  4. 4US Senate passes $70bn ICE funding bill: What comes next? | Donald Trump News | Al Jazeeraaljazeera.com
  5. 5Senate approves immigration enforcement funding for ICE and Border Patrol until 2029wgno.com

9. What statements from President Trump's administration indicate his likelihood of signing the ICE funding bill immediately upon House passage?

Senate Approval DateJune 5, 2026 [1][2][3][4][5][6][7]
Funding Amount Approved$69.5 billion [1][2][3][4][5][6][7]
Funding Durationthrough 2029 [1][2][3][4][5][6][7]
On June 5, 2026, the Senate approved a reconciliation bill allocating $69.5 billion to fund ICE and Border Patrol operations through 2029 [1][2][3][4][5][6][7]. This legislation is considered a key legislative priority for President Trump and has encountered no opposition at the administration level [1][2][3][5].
President Trump is highly likely to sign the bill promptly. The House of Representatives is expected to take up this bill during the week of June 8, 2026, with its passage being considered likely [6][7]. The administration has indicated a strong likelihood that President Trump will sign the ICE funding bill immediately upon its passage in the House. The Department of Homeland Security explicitly stated the administration is "laser focused" on ensuring this funding passes to continue national security operations [6]. Despite some GOP friction, a separate, unrelated $1.8 billion 'anti-weaponization' fund has since been abandoned [1][2][3][5].
Sources (7)
  1. 1Senate approves funding for ICE and Border Patrol untill 2029thehill.com
  2. 2GOP advances $70B immigration enforcement funding bill without new limits on ICE operations - Government Executivegovexec.com
  3. 3Senate passes $70B ICE funding; fails to ban Trump’s ‘anti-weaponization’ fund | Honolulu Star-Advertiserstaradvertiser.com
  4. 4Senate passes bill to fund ICE for 3 years, without DOJ fund banyahoo.com
  5. 5Senate approves immigration enforcement funding for ICE and Border Patrol until 2029myfox8.com
  6. 6Trump's deportation agenda is about to get a $70B infusion from Congressaudacy.com
  7. 7US Senate passes $70bn ICE funding bill: What comes next? | Donald Trump News | Al Jazeeraaljazeera.com

10. What Could Change the Odds

Key Catalysts

On June 9, 2026, the U.S. House of Representatives sent a $70 billion immigration enforcement package to President Donald Trump's desk, which will fully fund Immigration and Customs Enforcement (ICE) and Customs and Border Protection (CBP) through the end of his second term in 2029 [1][2].
This legislative action follows a months-long funding lapse for ICE and CBP that began in late January 2026, when congressional Democrats blocked new appropriations in response to the killing of two U.S. citizens by federal agents in Minneapolis [3][1][2]. ICE was able to continue operations during this funding lapse using previously allocated funds from the 2025 "Working Families Tax Cut Act," which provided the agency with approximately $75 billion for detention and enforcement [4][5]. Republicans ultimately utilized the budget reconciliation process to pass the new $70 billion funding package with a simple majority, thereby successfully avoiding a Democratic filibuster in the Senate [6][3][2].

Key Dates & Catalysts

  • Expiration: May 01, 2026
  • Closes: January 01, 2027
Sources (6)
  1. 1Republicans send $70 billion in ICE and border patrol funding to Trump’s desk | KRDOkrdo.com
  2. 2House takes up measure to pass ICE funding after weeks of Republican delays – DNYUZdnyuz.com
  3. 3US Senate passes $70bn ICE funding bill: What comes next? | Donald Trump News | Al Jazeeraaljazeera.com
  4. 4GOP advances $70B immigration enforcement funding bill without new limits on ICE operations - Government Executivegovexec.com
  5. 5https://www.ice.gov/doclib/news/library/speeches/260416lyons.pdfice.gov
  6. 6Senate approves funding for ICE and Border Patrol untill 2029thehill.com

12. Historical Resolutions

Historical Resolutions: 2 markets in this series

Outcomes: 0 resolved YES, 2 resolved NO

Recent resolutions:

  • KXICEERO-26MAR-MAY01: NO (May 01, 2026)
  • KXICEERO-26MAR-JUN01: NO (Jun 01, 2026)