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Forecast: Supreme Court Likely to Decide Against Trump Tariffs: Dec. 12, 2025 

Forecast: Supreme Court Likely to Decide Against Trump Tariffs: Dec. 12, 2025 

Posted December 12, 2025 at 12:58 pm

Jose Torres
IBKR Macroeconomics

Yesterday’s trading on ForecastEx featured 3.3 million contracts transacted, and some of the most popular themes featuring more than 10k instruments exchanged throughout the session were the daily temperatures across US cities, the prices of Dow, S&P 500 and Nasdaq 100 futures, the prices of Solana and Bitcoin and the US and Canadian dollar currency pair.

Supreme Court Tariff Contract Sees Movement

The forecast question asking if the Supreme Court will uphold President Trump’s tariffs by July 31 has experienced some volatility this week. The 35% probability on Tuesday declined to 23% yesterday before rebounding to 25% at the moment. 

IBKR ForecastTrader Contract asking if US Supreme Court will uphold Trump tariffs.

Japan to Hike, Mexico to Cut

Next week’s central bank decisions from Japan and Mexico feature odds north of 92% that the former will hike while the latter will cut. In the last few days, participants have been growing more confident of the verdicts, since those same contracts were in the 80s earlier this week.

IBKR ForecastTrader Contract asking if Bank of Japan will raise its interest rate on Dec. 19.
IBKR ForecastTrader Contract asking if Bank of Mexico will lower its interest rate on December 18

Monday’s Canada CPI Expected to Come Around 2.1%

Canada’s Consumer Price Index is volatile, but participants are expecting the indicator to come in around 2.1%, a figure near October’s 2.2% result. There’s a 36% chance of a number north of 2.2%, and a 36% probability of a print south of 2.1%. Investors that want to position for a surprise in either direction could purchase both of the $0.36 contracts and earn $1.00 back if it comes in at 2% or lower or 2.3% or higher.

IBKR ForecastTrader Contract asking if Canada CPI will exceed 2% in November
IBKR ForecastTrader Contract asking if Canada CPI will exceed 2.2% in November

Source for images: ForecastEx

Note: Prices are highest bids as of the morning of Dec. 12, 2025.

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One thought on “Forecast: Supreme Court Likely to Decide Against Trump Tariffs: Dec. 12, 2025 ”

  • MonochromicPony

    Gamblers betting on economic releases, sports, and other fares not too distant from Casino betting in practice are not, however, going to predict how nine experienced Justices are going to interpret the law, nor are such glorified dice rollers going to be able to gauge the Administration’s case comments made to the Court. Might as well bet on a coin flip result, same concept.

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