Traders assign near-certain probability against Venezuela attaining U.S. statehood because the constitutional process demands congressional legislation, presidential approval, and prior territorial status, none of which apply to the independent South American republic. No recent diplomatic initiatives, congressional proposals, or bilateral agreements have suggested any movement toward integration. U.S. policy toward Venezuela has instead focused on sanctions enforcement, migration management, and recognition of domestic political developments. Scenarios capable of altering this outlook remain remote and would require unprecedented legislative action, a fundamental shift in bilateral relations, or formal territorial cession, none of which show signs of emerging within foreseeable timelines.