Trader consensus on Polymarket assigns an 89% implied probability to no new pandemic in 2026, reflecting the World Health Organization's (WHO) lack of any official pandemic declaration since January 1, as required for resolution. This stance is bolstered by recent WHO updates, including April 7 R&D roadmaps for high-threat pathogen families that underscore future preparedness rather than current crisis, and March situation reports on mpox (External #64) and multi-country cholera outbreaks indicating regional containment without widespread human-to-human transmission. Avian influenza A(H5N1) persists in animal reservoirs with sporadic human cases but no efficient person-to-person spread per CDC monitoring. Ongoing global surveillance by WHO and ECDC, with weekly threat reports like the April 12-18 edition, leaves room for shifts if novel transmission emerges later in the year.