FNS remains sidelined from any visible 2028 campaign preparation, much like a veteran player on the injured list with no rehab updates or roster moves signaling a return. Trader consensus at roughly even odds reflects this extended absence from the lineup, as major contenders typically telegraph intentions through early primary-state appearances, exploratory filings, or public statements well before year-end deadlines. Recent focus on other priorities, including post-midterm positioning for established names like Vance and Rubio, has kept momentum suppressed without fresh developments to shift the implied probability. A late announcement could still alter the balance if FNS makes an unambiguous declaration or FEC filing by December 31, while continued silence through the holiday period would likely reinforce the current equilibrium.