Kalshi, Polymarket traders bet Supreme Court will curb Trump's tariff powers

Cryptocurrency traders are closely watching a high-stakes legal battle that could reshape President Trump's tariff powers. According to prediction markets like Kalshi and Polymarket, confidence is waning in the administration's ability to unilaterally impose tariffs, signaling expectations of limits on executive trade authority.

The markets show traders bracing for a Supreme Court ruling that could curb Trump's controversial use of national security justifications to enact sweeping tariffs, particularly on Chinese goods. This comes as the court prepares to hear a challenge to the president's tariff powers, a decision that could have significant implications for the global cryptocurrency ecosystem.

Cryptocurrencies have been directly impacted by Trump's trade wars, with tariffs contributing to market volatility and economic uncertainty. Many crypto investors are therefore closely monitoring this case, which legal experts say could set an important precedent around the extent of presidential authority on trade policy.

A ruling against the administration would be seen as a win for the crypto community, potentially reducing trade tensions and bolstering the appeal of decentralized digital assets as a hedge against geopolitical risk. Conversely, an affirmation of broad tariff powers could fuel further crypto market turbulence.

Ultimately, the Supreme Court's decision will shape the regulatory landscape for the burgeoning cryptocurrency industry, underscoring the need for crypto traders to stay informed on evolving legal and political dynamics that can impact the sector. As the case unfolds, all eyes will be on Kalshi, Polymarket, and other prediction markets as they continue to gauge sentiment around this high-stakes battle over presidential trade authority.