Massive releases of Epstein investigative files in late 2025 and early 2026, including millions of pages under the Epstein Files Transparency Act, produced no new U.S. indictments or arrests tied to previously unreleased material. The Department of Justice and FBI reviewed the documents and concluded there was no credible evidence of a broader client list, blackmail operation, or additional prosecutable crimes beyond those already addressed through Ghislaine Maxwell’s 2021 conviction. Legal barriers such as statutes of limitations, lack of corroboration for allegations, and evidentiary gaps have prevented charges, underpinning traders’ strong consensus that no qualifying U.S. incarceration will occur by the December 31, 2026 resolution date. Limited foreign actions have not altered the domestic outlook. A sudden emergence of independently verifiable new evidence sufficient for rapid charging and sentencing before year-end remains a remote possibility that could shift the outcome.