**Katy Perry and Justin Trudeau have been publicly linked since July 2025 and confirmed their relationship in October of that year, with a red-carpet debut in June 2026 and continued affectionate public appearances into September.** Perry has described Trudeau as the “love of her life” in recent interviews, and the pair are focused on blending their families while co-parenting with exes Orlando Bloom and Sophie Grégoire Trudeau. Despite this steady momentum, no engagement or marriage discussions have surfaced in credible reporting. With only a few months remaining in 2026, traders see limited runway for a proposal, especially given the relationship’s relatively short duration and the emphasis on stabilization rather than immediate milestones. The 83% implied probability on “No” reflects this timeline pressure and the absence of any confirmed catalysts before year-end.