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Prediction Markets Dump Trump Tariff Win After SCOTUS Hammers IEEPA Claim
By
Coin Edition
about 5 hours ago
WIN
READ
POLY
WOULD
CIN
- Kalshi odds on SCOTUS upholding Trump’s emergency tariffs fell to about 28%, while Polymarket slid to 25% after the Nov. 5 hearing
- Justices in both blocs questioned whether the 1977 IEEPA even lets a president create tariffs, a power traditionally held by Congress
- A loss for Trump would ease trade-war fears and could rotate capital back to stocks, softening crypto’s recent “tariff hedge” bid
Traders on prediction markets like Kalshi and Polymarket are rapidly lowering the odds that the Supreme Court of the US, SCOTUS, will rule in favor of Trump’s sweeping tariff powers. Kalshi’s odds for a yes ruling dropped to 28%, while Polymarket’s fell to 25%.
The total amount of money traded on both platforms surpassed $1.3 million, showing that the betting activity on these sites can give an early signal of how people feel about upcoming political and court de…
Read The Full Article Prediction Markets Dump Trump Tariff Win After SCOTUS Hammers IEEPA Claim On Coin Edition.
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