Legal frameworks currently treat artificial intelligence systems, including large language models and autonomous agents, as tools rather than entities with personhood, preventing direct criminal charges under existing statutes. This structural barrier underpins the market's 92% implied probability for "No" before 2027, as lawmakers and courts have shown no movement toward granting AI independent liability in the United States or major jurisdictions. Traders see limited near-term catalysts, with ongoing policy debates focused instead on developer accountability and safety standards rather than redefining AI as a prosecutable actor. While unexpected legislation granting limited legal status could emerge, historical regulatory timelines suggest such shifts would require years of legislative and judicial processes unlikely to resolve before the deadline.