Mark your calendar for 10AM ET today—the Supreme Court is expected to deliver its verdict on whether the tariff policies currently in place are constitutional.

Prediction markets are pricing in an interesting dynamic here. According to Kalshi's forecasting data, there's roughly a 30% probability the ruling favors the tariff implementation. That leaves a substantial 70% chance the court challenges or blocks the measures.

For traders watching macro catalysts, this ruling could create significant volatility depending on which way it breaks. The tariff debate has been a recurring pressure point on risk assets, so any Supreme Court decision will likely ripple through both traditional markets and crypto positions.