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Wednesday could mark a major market inflection point if predictions hold. Prediction markets Polymarket and Kalshi are currently pricing a 74% probability that the Supreme Court will rule against the legality of the tariff framework announced by the current administration.
The scope is sweeping: we're talking about potential policy shifts across US-World trade relations, US-China bilateral tariffs, and US-EU trade arrangements. Any adverse ruling could trigger synchronized market reactions across multiple sectors.
Here's what makes this particularly noteworthy: prediction market participants—who stake real capital on outcomes—are showing remarkably high confidence in this direction. A 74% confidence level isn't just noise; it reflects significant collective conviction among sophisticated traders.
For crypto and broader asset markets, this matters. Tariff uncertainty has been a pricing factor all year. A Supreme Court decision could either validate current policy or reset market expectations entirely. The asymmetry in potential outcomes creates both risk and opportunity depending on your positioning.