Will Trump announce a trade deal with Cuba?
Short Answer
1. Executive Verdict
- Key advisors and influential political groups oppose Cuba trade.
- No significant corporate lobbying push for Cuba normalization exists.
- Senator Marco Rubio, a key advisor, strongly opposes a Cuba deal.
- Influential Cuban-American groups strongly oppose trade with the regime.
- Cuban government initiated economic liberalizations in late 2025.
Who Wins and Why
| Outcome | Market | Model | Why |
|---|---|---|---|
| Before May 1, 2026 | 4.0% | 2.8% | Market higher by 1.2pp |
| Before Aug 1, 2026 | 23.0% | 13.5% | Market higher by 9.5pp |
| Before Jan 1, 2027 | 50.0% | 32.4% | Market higher by 17.6pp |
2. Market Behavior & Price Dynamics
Historical Price (Probability)
3. Significant Price Movements
Notable price changes detected in the chart, along with research into what caused each movement.
Outcome: Before Aug 1, 2026
📈 April 28, 2026: 8.0pp spike
Price increased from 15.0% to 23.0%
📉 April 27, 2026: 27.0pp drop
Price decreased from 49.0% to 22.0%
Outcome: Before May 1, 2026
📉 April 18, 2026: 8.3pp drop
Price decreased from 15.0% to 6.7%
4. Market Data
Contract Snapshot
The market resolves to "Yes" if the United States announces a new free trade agreement, trade framework, or economic cooperation arrangement with Cuba before January 1, 2027, and Cuba acknowledges it. This includes preliminary agreements but not mere declarations of intent to negotiate. If no such acknowledged agreement is announced by December 31, 2026, at 11:59 PM EST, the market resolves to "No." Resolution is based on reports from specified news sources, and the market will close early if the "Yes" event occurs.
Available Contracts
Market options and current pricing
| Outcome bucket | Yes (price) | No (price) | Last trade probability |
|---|---|---|---|
| Before May 1, 2026 | $0.03 | $0.99 | 4% |
| Before Aug 1, 2026 | $0.26 | $0.81 | 23% |
| Before Jan 1, 2027 | $0.58 | $0.50 | 50% |
Market Discussion
Limited public discussion available for this market.
5. Who Are Key Advisors on Trump's Cuba Policy and Embargo?
| Marco Rubio's Role | Top negotiator for Trump on Cuba; strong opponent of Cuban regime and embargo removal [^] |
|---|---|
| Trump's Cuba Policy | Pursued a "maximum pressure" campaign with historic sanctions, threats, and an oil blockade [^] |
| Heritage Foundation's Stance | Supports firm sanctions against Cuban government, opposes lifting restrictions, and advocates intervention [^] |
6. Do South Florida Cuban-American Groups Support Trade with Cuba?
| Sentiment on Trade Deal | Overwhelmingly negative in Q1 and Q2 2026 [^] |
|---|---|
| Condition for Business Investment | Strictly contingent on a 'free and democratic' Cuba [^] |
| Key Demand from Groups | Regime change and freedom, not negotiations or a deal [^] |
7. What Cuban Actions Could Lead to U.S. Trade Negotiations?
| Foreign Investment Measures | Announced November 28, 2025 [^] |
|---|---|
| Cubans Abroad Economic Participation | Announced March 17, 2026 [^] |
| Prisoner Releases Begin | Started April 3, 2026 [^] |
8. Is There a Corporate Push for Cuba Normalization in H1 2026?
| U.S. Ag/Food Exports to Cuba Change (Jan 2026) | 21.7% decrease, year-to-year (January 2026) [^] |
|---|---|
| Royal Caribbean Lobbying Expenditures | US$90,000 directly; additional US$30,000 via Brownstein Hyatt Farber and Schreck [^] |
| Cuba-Specific Lobbying Disclosure | Not specified in Royal Caribbean disclosures [^] |
9. What Mid-2026 Diplomatic Engagements Could Signal US Cuba Policy Shifts?
| Primary Mid-2026 Engagement | 56th Regular Session of the OAS General Assembly (June 23-25, 2026, Asunción, Paraguay) [^] |
|---|---|
| Earlier Policy Signaling Event | 10th Summit of the Americas (March 6-8, 2026, Santa Marta, Colombia) [^] |
| Trump's Cuba Policy Signal | Change is coming for Cuba; exploring all options for democracy and economic engagement [^] |
10. What Could Change the Odds
Key Catalysts
Key Dates & Catalysts
- Expiration: May 08, 2026
- Closes: January 01, 2027
11. Decision-Flipping Events
- Trigger: Catalyst analysis unavailable.
13. Historical Resolutions
No historical resolution data available for this series.
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