**Senate Bill 26-097, the primary vehicle for decriminalizing consensual adult commercial sexual activity in Colorado, was introduced in February 2026 by Democratic sponsors but failed to advance.** Assigned to the Senate Judiciary Committee, it faced immediate opposition from law enforcement officials, sheriffs, and Republican lawmakers concerned about impacts on trafficking enforcement, local control, and public safety. Sponsors publicly acknowledged insufficient votes to clear the first committee hurdle. On March 11, 2026, the committee voted unanimously to postpone the measure indefinitely, effectively ending its prospects for the session. The General Assembly adjourned on May 13, 2026, with no further action or alternative legislation emerging. This procedural failure and lack of bipartisan or even intra-party momentum explain traders’ consensus that the bill would not become law in 2026, reflected in the current “No” pricing. No comparable bills advanced in the 2026 session.