**ICE enforcement operations in New York City have expanded notably since President Trump’s second term began in January 2025, with federal data showing 5,567 immigration arrests in the NYC area through mid-March 2026—a 71% increase over the prior comparable period.** Roughly half occurred at the 26 Federal Plaza immigration court, reflecting a strategy of targeted operations against individuals with criminal records or removal orders. Key recent developments include a May 2026 federal court order limiting arrests at Manhattan immigration courthouses except in exceptional circumstances, alongside persistent NYC sanctuary policies that restrict local agencies from honoring ICE detainers or sharing information. These factors have shaped enforcement pace and tactics. Upstate New York has also recorded elevated activity, but New York City remains the focal point for volume. With the June 30 resolution date now less than two weeks away, trader consensus (reflected in current market pricing) incorporates the impact of judicial constraints, ongoing local non-cooperation, and the compressed remaining timeframe for additional arrests to accumulate toward the threshold. Scheduled enforcement actions or any further legal rulings in the interim represent the primary variables that could still influence the outcome.