Negotiations between CONMEBOL and CONCACAF have advanced toward a United States host for Copa América 2028, building on the tournament’s commercial success and stadium infrastructure from the 2024 edition, while avoiding overlap with the Los Angeles Olympics through schedule adjustments. Ecuador remains the traditional rotation candidate but faces reported infrastructure and security concerns that have cooled its prospects. Argentina, Uruguay, and joint bids involving other CONMEBOL members stay in play as alternatives, reflecting the confederation’s preference for South American venues despite economic and logistical realities favoring North America. These competing priorities—rotation norms versus revenue and facilities—leave multiple countries with comparable implied probabilities in the tightly bunched market.