Will Trump expand the H1-B program?
Yes refers to: Before 2029
Short Answer
1. Market Behavior & Drivers
- Previous Trump administration implemented restrictive H1-B visa policies.
- "Buy American, Hire American" order impacted H1-B rules and changes.
- Proposed $100,000 H1-B visa fee faces significant legal hurdles.
- H-1B Request for Evidence rates increased substantially 2017-2021.
- H-1B expansion expectations remain low despite tech leader advocacy.
- Trump administration has actively restricted H1-B since September 2025.
Who Wins and Why
| Outcome | Market | Model | Why |
|---|---|---|---|
| Before 2029 | 20.0% | 13.4% | Future policy considerations may include adjustments to high-skilled worker programs. |
Current Context
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.
📈 May 22, 2026: 10.0pp spike
Price increased from 20.0% to 30.0%
Outcome: Before 2029
Sources (4)
- 130% wage hike for H-1B hiring? Indian workers could face another hurdle after $100,000 fee - Immigration News | The Financial Expressfinancialexpress.com
- 2Trump Administration Proposes Massive H-1B Wage Hikes as Tech Industry Grapples with AI Shifts and Rising Operational Costsvipseotoolz.com
- 3H-1B Visa Applications Drop 38 Percent as USCIS Favors Master’s Degrees - Newsweeknewsweek.com
- 4This year’s... - U.S. Citizenship and Immigration Services | Facebookfacebook.com
4. Market Data
Contract Snapshot
This market resolves to "Yes" if the number of allowable H-1B visas (including the general cap, advanced degree exemptions, or new exemptions/visa types) is increased between the market's issuance and January 20, 2029. Otherwise, it resolves to "No." The market opened on December 19, 2024, and will close by January 20, 2029, at 10:00 am EST, though it can close and pay out early if the "Yes" event occurs before this deadline. Outcome verification is sourced from the Library of Congress.
Available Contracts
Market options and current pricing
| Outcome bucket | Yes (price) | No (price) | Last trade probability |
|---|---|---|---|
| Before 2029 | $0.24 | $0.80 | 20% |
Market Discussion
The market discussion strongly indicates that traders do not expect Trump to expand the H1-B program, with the "No" outcome currently favored around 80%. Arguments for "No" highlight Trump's likely policy to shrink or add hurdles to the program, the general Republican party belief that current visa levels are sufficient, and concerns from labor advocates about potential worker exploitation. While Elon Musk's desire for expansion is mentioned, traders largely dismiss its influence on Trump's policy.
5. Trust Index
Order book is critically thin.
Primary risk· Trade quality
Includes the cost to trade: a $1,000 order can't be filled here because the order book is too thin.
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. How do Donald Trump's recent statements on high-skilled immigration compare with the policies enacted by his 2017-2021 administration?
| H-1B Denial Rate Peak | 32% in 2019 (7, 6) [1] |
|---|---|
| Proposed H-1B Petition Fee | $100,000 (September 2025) (1, 2, 3, 4, 5) [1] |
| H-1B Program Status during COVID-19 | Suspended (3, 6) [1] |
7. What specific executive orders and DHS rule changes impacting the H1-B program were implemented during the 2017-2021 Trump administration?
| Executive Order 13788 Signed | April 18, 2017 [1] |
|---|---|
| DHS Interim Rule Published | October 8, 2020 [2] |
| Third-Party Placement Validity Limited To | 1 year [2] |
Sources (6)
- 1Executive Order on Aligning Federal Contracting and Hiring Practices With the Interests of American Workers – The White Housetrumpwhitehouse.archives.gov
- 2Federal Register :: Strengthening the H-1B Nonimmigrant Visa Classification Programfederalregister.gov
- 3Presidential Documentsgovinfo.gov
- 4Executive Order 13788—Buy American and Hire American | The American Presidency Projectpresidency.ucsb.edu
- 5https://forumtogether.org/wp-content/uploads/2020/11/Explainer-The-Trump-Administrations-New-Rules-Restricting-H-1B-Visas.pdfforumtogether.org
- 6https://www.presidentsalliance.org/wp-content/uploads/2024/12/Overview-of-Trump-Administration-Immigration-Policies-2017-2021.pdfpresidentsalliance.org
8. What is the feasibility and potential impact of the proposed $100,000 H1-B visa fee under a potential second Trump administration?
| Proposed H1-B Visa Fee | $100,000 (via presidential proclamation) [1][2] |
|---|---|
| Previous H1-B Fee Range | $1,700 to $4,500 per petition [3][4] |
| Indian H1-B Visa Holders | Over 70% of total [3][4][5] |
Sources (17)
- 1cdflaborlaw.com
- 2forbes.com
- 3cbsnews.com
- 4americanimmigrationcouncil.org
- 5youtube.com
- 6kff.org
- 7boundless.com
- 8employmentlawworldview.com
- 9employmentlawworldview.com
- 10fisherphillips.com
- 11americanimmigrationcouncil.org
- 12shrm.org
- 13youtube.com
- 14vasquezlawnc.com
- 15jeelani-law.com
- 16jacksonlewis.com
- 17bakerdonelson.com
9. What does USCIS data show regarding H1-B approval rates and Requests for Evidence (RFEs) during fiscal years 2017-2021 compared to 2022-2024?
| Peak H-1B RFE Rate | 40.2% in FY 2019 [1] |
|---|---|
| H-1B Initial Petition Denial Rate FY 2021 | 4% [2][3] |
| Total H-1B Petitions Approved FY 2024 | 399,395 [4] |
Sources (4)
- 1H-1B Requests for Evidence, Explained | Envoy Global, Incenvoyglobal.com
- 2Data from USCIS shows declining approvals and higher rates of requests for evidence (RFEs) for several key employer-sponsored nonimmigrant categories | Immigration Policy Tracking Projectimmpolicytracking.org
- 3H - 1 B DENIAL RATES FOR FY 2020 AND THE IMPACT OF COURT DECISIONSnfap.com
- 4https://www.uscis.gov/sites/default/files/document/reports/ola_signed_h1b_characteristics_congressional_report_FY24.pdfuscis.gov
10. How might lobbying from tech leaders like Elon Musk and Vivek Ramaswamy influence a potential second Trump administration's H1-B policy?
| H-1B Expansion Expectation | 17-36% [1][2] |
|---|---|
| H-1B Per-petition Fee | $100,000 effective 2025 [3][4][5][6][7][8][9] |
| H-1B Visa Application Decline | 38% [3][9] |
Sources (12)
- 1Will Trump significantly expand high-skill immigration by the end of 2026? | Manifoldmanifold.markets
- 2Conditional on Trump being elected, how many H1B recipients will be admitted in the USA in 2026? | Manifoldmanifold.markets
- 3H-1B Visa Crashes 38% Devastating Blow for Indianshindustanherald.in
- 4Trump Administration Proposes Massive H-1B Wage Hikes as Tech Industry Grapples with AI Shifts and Rising Operational Costsvipseotoolz.com
- 530% wage hike for H-1B hiring? Indian workers could face another hurdle after $100,000 fee - Immigration News | The Financial Expressfinancialexpress.com
- 6New Immigration Restrictions On H-1B Visas And Students... - Forbesforbes.com
- 7Restriction on Entry of Certain Nonimmigrant Workers – The White Housewhitehouse.gov
- 8Changes to H-1B Visa: What Campuses Need to Know - Presidents' Alliancepresidentsalliance.org
- 9Here's why experts think Trump took 'a sledgehammer' to the H-1B visa worker program | PBS Newspbs.org
- 10Right-wing warfare pits Elon Musk and Vivek Ramaswamy against MAGA over H-1B visas - Newsweeknewsweek.com
- 11Trump sides with tech bosses in Maga fight over immigrant visasbbc.com
- 12What are H-1B visas? Elon Musk, Vivek Ramaswamy spar with Donald Trump supporters over work visas - ABC7 New Yorkabc7ny.com
11. What Could Change the Odds
Key Catalysts
Key Dates & Catalysts
- Expiration: January 20, 2029
- Closes: January 20, 2029
Sources (9)
- 130% wage hike for H-1B hiring? Indian workers could face another hurdle after $100,000 fee - Immigration News | The Financial Expressfinancialexpress.com
- 2Trump Administration Proposes Massive H-1B Wage Hikes as Tech Industry Grapples with AI Shifts and Rising Operational Costsvipseotoolz.com
- 3Practical H-1B Reforms to Serve U.S. Economic Interestscsis.org
- 4H-1B Visa Applications Drop 38 Percent as USCIS Favors Master’s Degrees - Newsweeknewsweek.com
- 5H-1B FAQ | USCISuscis.gov
- 6How the H-1B visa replaces American workers | Blaze Mediatheblaze.com
- 7How the Trump administration is eroding the immigrant talent pipeline | Brookingsbrookings.edu
- 8Will Trump increase cap on H-1B visas in first 100 days?... 2026 | Polymarketpolymarket.com
- 9Conditional on Trump being elected, how many H1B recipients will be admitted in the USA in 2026? | Manifoldmanifold.markets