Which countries will have their US Travel Advisory downgraded in 2026?
Short Answer
1. Executive Verdict
- Significant policy shifts required to downgrade Iran or North Korea advisories.
- Haiti appears to show more potential for stabilization than Somalia in 2025-2026.
- Allied nations unanimously advise against travel to Russia as of May 2026.
- Significant de-escalation in Sudan or South Sudan would prompt a review.
- Afghanistan maintains a Level 4 advisory due to extremely high risks.
Who Wins and Why
| Outcome | Market | Model | Why |
|---|---|---|---|
| Iran | 4.0% | 1.4% | Diplomatic progress or de-escalation of regional tensions could lead to a re-evaluation of travel risks. |
| Syria | 12.0% | 5.1% | A significant reduction in conflict or improved internal stability might prompt a travel advisory downgrade. |
| Ukraine | 11.0% | 4.3% | A substantial decrease in hostilities or a peace agreement could lead to an advisory downgrade. |
| Lebanon | 7.9% | 3.1% | Improved political stability or reduced regional tensions may result in a travel advisory change. |
| Somalia | 2.2% | 0.7% | Continued gains in security and government control could lead to a re-assessment of travel risks. |
Current Context
2. Market Behavior & Price Dynamics
Historical Price (Probability)
3. Market Data
Contract Snapshot
The market resolves to "Yes" if the U.S. State Department issues, updates, or reaffirms a level 3 or lower travel advisory for Uganda after the market opens on May 22, 2026, and before January 1, 2027. If this condition is not met, the market resolves to "No" and closes by December 31, 2026, at 11:59 PM EST. The advisory must apply to the entire country, be published on the official State Department website, and insider trading by specific individuals is prohibited.
Available Contracts
Market options and current pricing
| Outcome bucket | Yes (price) | No (price) | Last trade probability |
|---|---|---|---|
| South Sudan | $0.09 | $0.98 | 15% |
| Russia | $0.15 | $0.91 | 12% |
| Syria | $0.12 | $0.94 | 12% |
| Ukraine | $0.16 | $0.88 | 11% |
| Haiti | $0.07 | $0.97 | 8% |
| Iraq | $0.08 | $0.98 | 8% |
| Lebanon | $0.12 | $0.96 | 8% |
| Yemen | $0.12 | $0.98 | 8% |
| Afghanistan | $0.11 | $0.98 | 8% |
| Gaza | $0.07 | $0.98 | 5% |
| Burma (Myanmar) | $0.07 | $0.97 | 5% |
| Iran | $0.10 | $0.95 | 4% |
| Sudan | $0.05 | $0.98 | 4% |
| North Korea | $0.05 | $0.99 | 4% |
| Somalia | $0.06 | $0.99 | 2% |
| Libya | $0.05 | $0.98 | 2% |
| Democratic Republic of the Congo | $0.42 | $0.73 | 0% |
| Uganda | $0.67 | $0.48 | 0% |
Market Discussion
Traders are actively discussing which countries might have their US Travel Advisory level downgraded in 2026, with a significant point of clarification emerging that 'downgraded' means the country is deemed safer, moving to a lower advisory level. For countries like Iran and Iraq, currently at Level 4 ('Do Not Travel'), many argue that a downgrade to Level 3 ('Reconsider Travel') is improbable given ongoing safety concerns and the unlikelihood of the US promoting travel to these regions. While Ukraine and Mexico were also mentioned as possibilities, the main consensus highlights the difficulty for high-risk countries to achieve a lower advisory level within the specified timeframe.
4. What specific diplomatic breakthroughs or shifts in U.S. foreign policy in 2026 could trigger a downgrade of the Level 4 travel advisories for Iran or North Korea?
| Iran conflict start | Late February 2026 [^] |
|---|---|
| Advisory review frequency | At least every six months (for Level 3 and 4 countries) [^] |
| North Korea primary advisory reason | Arrest, long-term detention, and wrongful detention of U.S. citizens [^] |
5. How do the on-the-ground security trends in Haiti, based on 2025-2026 data, compare with those in Somalia, and which country shows more potential for stabilization?
| Haiti Casualties | 5,519 killed and 2,608 injured (1 Mar 2025 - 15 Jan 2026) [^][^] |
|---|---|
| US Travel Advisory Status | Level 4 Do Not Travel (Haiti and Somalia throughout 2026) [^][^] |
| Somalia Internally Displaced Persons | 3.5 million (June 2025) [^][^] |
6. What do recent security assessments from allied nations like the UK, Canada, and Australia indicate about conditions in Russia, and do they corroborate the U.S. 'Do Not Travel' advisory for 2026?
| Travel Advisory Status for Russia | Highest-level 'Do Not Travel' or 'Avoid All Travel' by US, UK, Canada, Australia (As of May 2026) [^][^][^][^][^] |
|---|---|
| Key Reasons for Advisory | Ongoing war in Ukraine, arbitrary detention risk, limited consular capacity, civil unrest, terrorism threats [^][^][^][^][^] |
| Advisory Outlook for 2026 | No indication of impending downgrade in 2026 [^][^] |
7. Which specific conflict de-escalation milestones or political settlements in Sudan or South Sudan would need to be reached in 2026 to prompt a State Department review?
| South Sudan Elections | Currently slated for December 2026 [^] |
|---|---|
| RJMEC Q1 2026 Report Briefing | May 20, 2026 [^] |
| Sudan Ceasefire Proposal | Renewable three-month ceasefire proposed in May 2026 [^] |
8. What does open-source intelligence from 2025 and early 2026 reveal about the operational capabilities of terrorist and insurgent groups within Afghanistan, and does it suggest a decreasing risk to foreigners?
| Overall Risk to Foreigners | Extremely high (May 2026) [^][^][^][^] |
|---|---|
| US Travel Advisory Level | Level 4 'Do Not Travel' (May 2026) [^][^][^][^] |
| Number of Terrorist Groups | 20 to 23 (early 2026) [^][^][^] |
9. What Could Change the Odds
Key Catalysts
Key Dates & Catalysts
- Expiration: January 08, 2027
- Closes: January 01, 2027
10. Decision-Flipping Events
- Trigger: The U.S.
- Trigger: State Department travel advisory for New Caledonia was downgraded from Level 3 ("Reconsider Travel") to Level 2 ("Exercise Increased Caution") effective May 21, 2026 [^] [^] .
- Trigger: This change was reported on May 24, 2026 [^] .
- Trigger: Despite this, the New Caledonia advisory page displayed Level 3 on June 4, 2024 [^] .
12. Historical Resolutions
No historical resolution data available for this series.
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