The primary driver of the 87% "No" odds on Colorado's SB26-097 is its early legislative failure: Democratic sponsors introduced the bill in February 2026 to repeal state prostitution offenses and preempt local ordinances, but it was postponed indefinitely in the Senate Judiciary Committee in March after sponsors cited insufficient support for passage. The General Assembly adjourned sine die in May without advancing any decriminalization measure, closing the regular session window. Recent public opposition from law enforcement and civic engagement reinforced the outcome, with no special session or alternative legislation emerging to revive prospects before year-end. Traders' consensus reflects this procedural timeline and absence of viable paths forward.