Core Insights - The Supreme Court is expected to make a decision regarding President Trump's tariffs, with low odds favoring his position according to cryptocurrency prediction markets [1][2] Group 1: Odds and Predictions - Polymarket indicates a 28% chance that the Supreme Court will overturn the previous ruling on Trump's tariffs, an increase from 22% a week prior, but still below the all-time highs of September 2025 [2] - Kalshi bettors estimate a 32% chance that the Supreme Court will rule in favor of Trump, with a 53% likelihood that an opinion will be released before January 16 [3] Group 2: Economic Implications - Trade tariffs are a significant focus for market observers, with potential implications for market direction in early 2026 [4] - Trump warned of severe economic consequences if the Supreme Court rules against the federal government regarding tariffs [4] - Treasury Secretary Scott Bessent stated that the Treasury has sufficient funds to cover potential tariff refunds if the ruling is unfavorable [5] Group 3: Legal Context - Since January 2025, Trump has utilized the International Emergency Economic Powers Act to impose tariffs aimed at correcting trade imbalances, although a U.S. appeals court previously ruled that he overstepped his authority [6] - Economist Mark Zandi noted that the labor market is struggling due to tariffs, suggesting that a Supreme Court ruling could be crucial for job growth recovery [7]