US federal prosecutors in New York and the DEA continue early-stage criminal investigations into Colombian President Gustavo Petro's alleged ties to drug traffickers and possible campaign donations from illicit sources, stemming from reports in late March 2026. However, US and Colombian officials confirmed on March 31 that no formal charges or indictment exist against the sitting president, whose office affords significant diplomatic protections under international norms. Trader consensus at 98.3% "No" by April 30 reflects the lack of recent progress, brief remaining timeline, and historical rarity of charging foreign heads of state amid ongoing bilateral relations. Only extraordinary developments, such as corroborated whistleblower evidence or rapid evidentiary breakthroughs, could shift this before resolution.