The trial of Duane “Keffe D” Davis for Tupac Shakur’s 1996 murder opened with opening statements on August 17, 2026, in Las Vegas, shifting trader focus to live courtroom developments. Prosecutors are presenting a revenge-motive case tied to a prior MGM Grand fight involving Davis’s nephew Orlando Anderson, emphasizing Davis’s alleged role supplying the gun and directing South Side Compton Crips associates; they are drawing heavily on his prior memoir admissions and police interviews, both now admissible. The defense counters with challenges to evidence reliability after nearly three decades, witness credibility, and the absence of a confession at trial. With the month-long proceeding still in its first days and no verdict imminent, market-implied odds near 55–56% reflect a contested but advancing case where early testimony and evidentiary rulings will likely drive the next swings in sentiment.