Trump's May 2026 remarks suggesting he was "seriously considering" Venezuela as the 51st state, citing its oil resources, prompted swift rejection from Venezuelan acting president Delcy Rodríguez and drew limited follow-through in Congress. Adding a new state requires enabling legislation, congressional approval, and typically consent from the territory involved under constitutional processes that have no active application here. Venezuela remains a sovereign nation with no ongoing annexation talks, territorial cession, or enabling act under consideration. Traders assign overwhelming probability to "No" because these structural, diplomatic, and political barriers show no sign of movement. Remote scenarios that could still shift odds include a sudden bilateral agreement combined with rapid congressional action before the next election cycle or major geopolitical realignment altering sovereignty calculations.