The couple's relationship, which began with sightings in July 2025 and went Instagram official in December, continues to build steadily through shared public appearances and family blending efforts into 2026, yet no engagement has been confirmed. Traders assign "No" a 64% implied probability because celebrity timelines for major milestones often stretch beyond the first year or two, especially given Perry's prior long-term partnership and the couple's demanding schedules across music tours and post-political commitments. Recent reports of deepening seriousness and potential cohabitation add momentum, but the absence of official statements or precursor signals like matching jewelry keeps resolution uncertain ahead of the 2026 deadline.