Short Answer

Both the model and the market expect 11,000 to 11,999 border encounters in April 2026, with no compelling evidence of mispricing.

1. Executive Verdict

  • 'Remain in Mexico' program and expanded Title 8 removals are active.
  • CBP One app scheduling functionality has been removed.
  • A "zero releases" policy is actively enforced at the border.
  • Ongoing Mexican cooperation aids U.S. border enforcement efforts.
  • Destabilizing events in Venezuela and Guatemala fuel migration pressure.

Who Wins and Why

Outcome Market Model Why
9,000 to 9,999 23.0% 18.6% This outcome reflects anticipated recurring patterns in border encounters for the period.
12,000 to 13,000 22.0% 17.9% This outcome reflects anticipated recurring patterns in border encounters for the period.
8,000 to 8,999 14.0% 12.1% This outcome reflects anticipated recurring patterns in border encounters for the period.
7,999 or below 7.0% 6.4% This outcome reflects anticipated recurring patterns in border encounters for the period.
10,000 to 10,999 23.0% 18.6% This outcome reflects anticipated recurring patterns in border encounters for the period.

2. Market Behavior & Price Dynamics

Historical Price (Probability)

Outcome probability
Date
This prediction market exhibited a dramatic boom-and-bust cycle. After starting at a low probability of 1.0%, the price trended upwards, reaching a peak of 95.0%. This indicates that traders grew increasingly confident that the number of border encounters in April 2026 would meet the criteria for a "YES" resolution. However, the most significant price movement was a catastrophic drop of 89.0 percentage points on April 24, 2026, which sent the price plummeting from 95.0% to 6.0%. The price has since stabilized near this new low, currently trading at 7.0%.
The sharp reversal on April 24 strongly suggests the arrival of definitive information related to the market's resolution. Given that the market is set to resolve "In Apr 2026," this price crash late in the month implies that data became available indicating the threshold for a "YES" outcome would not be met. The 95.0% level acted as a clear peak and resistance point, while the current price range of 6.0-7.0% has formed a new support level. The total trading volume of 401 contracts suggests moderate interest over the market's lifetime. The sudden and extreme price drop reflects a powerful shift in market sentiment from near-certainty of a "YES" outcome to a high probability of a "NO" outcome as the resolution period concluded.

3. Significant Price Movements

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

Outcome: 11,000 to 11,999

📉 April 26, 2026: 14.0pp drop

Price decreased from 38.0% to 24.0%

What happened: No supporting research available for this anomaly.

Outcome: 7,999 or below

📉 April 24, 2026: 89.0pp drop

Price decreased from 95.0% to 6.0%

What happened: No supporting research available for this anomaly.

4. Market Data

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Contract Snapshot

This market resolves to YES if the total number of Southwest Land Border Encounters for April 2026 falls between 10,000 and 10,999, inclusive; otherwise, it resolves to NO. The outcome is verified using data from U.S. Customs and Border Protection.

The market opened on April 10, 2026, at 10:00 PM EDT and will close early if the event occurs, with a projected payout 30 minutes after closing. If the event does not occur early, the market closes by April 30, 2027, at 10:00 AM EDT.

Available Contracts

Market options and current pricing

Outcome bucket Yes (price) No (price) Last trade probability
11,000 to 11,999 $0.22 $0.85 25%
10,000 to 10,999 $0.24 $0.82 23%
9,000 to 9,999 $0.22 $0.85 23%
12,000 to 13,000 $0.24 $0.83 22%
8,000 to 8,999 $0.14 $0.93 14%
13,001 or above $0.08 $1.00 7%
7,999 or below $0.11 $0.96 7%

Market Discussion

Limited public discussion available for this market.

5. What U.S. Border Enforcement Policies Are Active in March 2026?

Remain in Mexico (MPP)Set to be functional, actively resuming asylum seeker removals [^]
Title 8 Expedited RemovalSignificantly expanded use with new nationwide rules [^]
Title 42-style Public Health OrderNo explicit mention of being in force [^]
As of March 2026, the administration, presumed to be Donald Trump's, will have several key border enforcement policies actively in force [^] . These include a functional 'Remain in Mexico' (MPP) program and a significantly expanded use of Title 8 expedited removal for asylum seekers. The available sources do not explicitly mention a Title 42-style public health expulsion order being actively in force by this time.
The 'Remain in Mexico' program is expected to be fully functional. The Migrant Protection Protocols (MPP) program is anticipated to be operational, with reports indicating its resumption of asylum seeker removals [^]. This program mandates that certain non-Mexican asylum seekers wait in Mexico while their U.S. immigration court proceedings are ongoing [^].
Title 8 expedited removal will be significantly expanded nationwide. Concurrently, there will be a significantly expanded application of Title 8 expedited removal for asylum seekers [^]. New nationwide rules for expedited removal are in effect for 2026, broadening its scope and application across U.S. borders [^]. This expansion means that individuals encountered at the border who express a fear of return may be subject to a quicker screening process and rapid removal if they do not establish a credible fear to an asylum officer. The provided sources do not explicitly indicate the re-establishment of a Title 42-style public health expulsion order by the Trump administration that would be active as of March 2026. While the administration enacted significant changes to immigration law during 2025-2026 [^], the focus centers on strengthening existing immigration statutes like Title 8 and reinstating programs such as MPP, rather than implementing new public health expulsion authority.

6. What Are Mexican National Guard Deployments and Repatriation Figures?

Initial Guard Deployment10,000 troops [^]
SEDENA Reinforcements in Juárez250 members (April 2026) [^]
Mexican Repatriations (since Jan 2025)Over 200,000 nationals (approx. 451 daily) [^]
Specific Q1 2026 Mexican National Guard deployment figures are unavailable. No explicit total numbers for Mexican National Guard troops deployed to transit routes during the first quarter of 2026 are provided in the available research. However, a prior deployment of 10,000 National Guard troops to the U.S. border was reported following a U.S. tariff threat [^]. Additionally, in April 2026, 250 members of the Mexican National Defense Secretariat (SEDENA) were reported to be arriving in Juárez to enhance security efforts [^]. By March 2026, enforcement actions were noted to be extending inland, indicating a broader scope of operations beyond the immediate border region [^].
Data on non-Mexican nationals accepted by Mexico is not available. The specific daily number of non-Mexican nationals Mexico agrees to accept back from the United States is not detailed in the provided research. Information primarily concerns the repatriation of Mexican nationals. Over 200,000 Mexican nationals have been repatriated from the U.S. since January 2025, averaging approximately 451 repatriations per day [^]. Other reports indicate that more than 189,000 Mexican nationals were repatriated from the U.S. between January 2025 and March 2026 [^].

7. Which Countries Faced Destabilizing Events Impacting Migration (2025-2026)?

Venezuela Government StatusState of External Commotion Decree and State of Emergency (October 2025 - March 2026) [^]
Guatemala Food SecurityCrisis (IPC Phase 3) outcomes due to premature lean season (early 2026) [^]
Darién Gap MigrationMigration crisis declared 'closed' by Panama (between October 2025 - March 2026) [^]
Between October 2025 and March 2026, several migrant-source countries experienced destabilizing events. Venezuela’s government enacted a "State of External Commotion Decree" and declared a "State of Emergency," signifying considerable internal instability within this period [^]. Concurrently, Guatemala faced a significant food security crisis; by early 2026, a premature lean season drove Crisis (IPC Phase 3) outcomes nationwide [^]. This severe food insecurity constituted a major destabilizing event, building on earlier concerns from September 2025 about Guatemala's vulnerability to disasters and extreme climate events [^].
Honduras and Ecuador had no reported major destabilizing events. For Honduras and Ecuador, no specific major destabilizing events, such as state of emergency declarations, currency collapses, or natural disasters, were found within the October 2025 to March 2026 timeframe. Regarding the key transit region of the Darién Gap, Panama announced the migration crisis as "closed" within this period [^]. While this indicated the conclusion of a crisis rather than the initiation of a new one, its declaration reflects active management of recent substantial migration pressures in the region.

8. Was CBP One App Used for Asylum Metering in Early 2026?

Daily Appointment Capacity1,450 in February 2026 [^]
App Scheduling RemovedEffective March 1, 2026 [^]
Post-March 1 ProtocolContact ports of entry directly [^]
CBP One app capacity changed significantly in early 2026. In February 2026, the CBP One mobile application provided an operational capacity to schedule 1,450 daily appointments for individuals at ports of entry, primarily for asylum claims or humanitarian exceptions [^]. However, U.S. Customs and Border Protection (CBP) removed this scheduling functionality on March 1, 2026 [^]. All previously scheduled appointments for March 1, 2026, and subsequent dates were canceled [^]. Following this change, individuals could no longer schedule appointments via the application and were instead directed to contact the ports of entry directly to arrange their presentations [^].
The CBP One app previously served as a metering mechanism. Before March 1, 2026, the application was a tool for implementing an "asylum metering policy," which limited the daily number of asylum seekers processed at ports of entry, thus controlling the flow of individuals [^]. For February 2026, the app clearly facilitated this metering [^]. While the app's scheduling feature was discontinued, altering the access method for March 2026, metering could have continued through direct port contact. The broader context of highly restrictive border management around this period, including reports in April 2026 of "zero releases" over the preceding 11 months, indicates that policies were in place to significantly limit entries [^]. This suggests that mechanisms to cap or suppress entries, whether app-based or through alternative processes, likely impacted official encounter statistics for April 2026.

9. Are Southwest Border Encounter Statistics for Early 2026 Available?

January 2026 DataNot yet released by CBP (future month) [^]
February 2026 DataNot yet released by CBP (future month) [^]
March 2026 DataNot yet released by CBP (future month) [^]
Specific data regarding Southwest Land Border Encounters for early 2026 is currently unavailable. U.S. Customs and Border Protection (CBP) publishes detailed statistics retrospectively, and therefore, specific figures for January, February, and March 2026, including month-over-month trends and year-over-year changes, have not been released at this time [^].
Without actual reported data for these future months, analyzing trends is impossible. Consequently, it is not possible to determine how any short-term trends for January, February, and March 2026 might deviate from established seasonal patterns. Historical seasonal patterns, typically observed from 2021 to 2025, are accessible through official CBP enforcement statistics and newsroom publications [^].

10. What Could Change the Odds

Key Catalysts

Catalyst analysis unavailable.

Key Dates & Catalysts

  • Expiration: April 30, 2027
  • Closes: April 30, 2027

11. Decision-Flipping Events

  • Trigger: Catalyst analysis unavailable.

13. Historical Resolutions

Historical Resolutions: 20 markets in this series

Outcomes: 3 resolved YES, 17 resolved NO

Recent resolutions:

  • KXSWENCOUNTERS-26MAR-9499.5: NO (Apr 10, 2026)
  • KXSWENCOUNTERS-26MAR-8499.5: NO (Apr 10, 2026)
  • KXSWENCOUNTERS-26MAR-7499.5: NO (Apr 10, 2026)
  • KXSWENCOUNTERS-26MAR-6499.5: NO (Apr 10, 2026)
  • KXSWENCOUNTERS-26MAR-6000: NO (Apr 10, 2026)