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Prediction Markets See Declining Confidence in Trump’s Tariff Case

Prediction Markets See Declining Confidence in Trump’s Tariff Case

Coinpedia2025/11/06 17:36
By:Coinpedia
Story Highlights

Trump’s trade policies have often impacted markets, including crypto, sparking widespread uncertainty. 

Traders are now closely watching the Supreme Court as it decides whether Trump had the power to impose his wide-ranging tariffs. Investors are on edge about how the ruling could affect markets, and both stocks and crypto are bracing for the impact. 

Traders in both traditional and crypto-based prediction markets are showing a sharp drop in confidence that the Supreme Court will rule in favor of President Trump’s tariffs, after the recent developments.

According to @Polymarket , the world’s largest prediction market, there is only a 27% chance that the Supreme Court rules Trump’s tariffs are constitutional. pic.twitter.com/nRZh92sTNd

— Steve Hanke (@steve_hanke) November 5, 2025

On Kalshi, a regulated prediction, the probability of a Trump victory fell to 29%. While Polymarket, a crypto-based prediction platform, showed a similar decline, with odds at 25%. The steep decline indicates that traders are increasingly doubtful Trump will win as the court’s decision approaches.

The U.S. Supreme Court justices recently raised questions over the legality of Trump’s sweeping tariffs. Both conservative and liberal justices questioned Trump’s lawyer asking whether a 1977 emergency law gave the president the power to impose tariffs or if he had interfered with Congress’ powers. 

However, some of the justices also noted the Presidents’ inherent authority in handling foreign affairs, hinting that the court could also be divided on this case. This case is expected to have significant effects on the global economy. 

The trade negotiations with China, EU and other partners could also be affected. 

President Trump has pushed the Supreme Court to keep his tariffs, which he uses as a key tool in economic and foreign policy. Notably, Trump invoked the International Emergency Economic Powers Act (IEEPA) to impose tariffs on nearly all U.S. trading partners, becoming the first president to use it this way.

Treasury Secretary Scott Bessent said that if the court rules against Trump, the administration could switch to other legal authorities to ensure tariffs remain in place.

The tariffs could generate trillions in revenue for the U.S. over the next decade. In an interview, Trump said that the case “went well” and warned that the world would face a depression without his tariffs.

BREAKING: A delusional Trump lies blatantly in his Fox News interview, claiming if he didn't impose tariffs on everyone "the entire world would be in a depression."

Americans are reeling from the high prices caused by his tariffs. pic.twitter.com/erGo81ERdM

— Really American 🇺🇸 (@ReallyAmerican1) November 6, 2025

Trump’s tariffs have sparked significant volatility in crypto markets. The announcement of a 100% tariff on China triggered over $19 billion in liquidations in the crypto market, which shows how global markets can respond sharply to his trade actions.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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