The market assigns a 62% implied probability to no engagement announcement for Kylie Jenner and Timothée Chalamet by the end of 2026, driven primarily by the continued absence of any confirmed public statement, ring sighting, or official step forward despite their relationship dating back to 2023. Verified public appearances, including courtside outings at New York Knicks games and red-carpet moments earlier this year, affirm the couple remains together and comfortable in the spotlight, yet they maintain a notably low-key profile focused on individual careers such as Jenner’s business ventures. Tabloid reports of private discussions have circulated without corroboration from the pair or their representatives, underscoring the high uncertainty typical of celebrity timelines where proposals often stay private until an announcement. Traders appear to weigh this lack of momentum against the possibility of a late-year development around holidays or major events.