{"id":234052,"date":"2025-11-06T13:00:06","date_gmt":"2025-11-06T18:00:06","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?p=234052"},"modified":"2025-11-06T14:17:00","modified_gmt":"2025-11-06T19:17:00","slug":"wednesdays-hearing-raises-the-odds-of-the-supreme-court-blocking-trump-tariffs","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/prediction-market\/wednesdays-hearing-raises-the-odds-of-the-supreme-court-blocking-trump-tariffs\/","title":{"rendered":"Wednesday\u2019s Hearing Raises the Odds of the Supreme Court Blocking Trump Tariffs: Nov. 6, 2025"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Yesterday\u2019s Supreme Court hearing featured several conservative judges debating President Trump\u2019s authority to implement broad tariffs. Immediately, prediction market participants realized that the White House may not receive the five votes required to maintain its global trade policy despite a GOP appointed majority of 6-3 in the court\u2019s composition. The forecast contract question asking if the Supreme Court would uphold Trump\u2019s tariffs by July 31, 2026, was priced with a probability as high as 46% yesterday, before falling to a low of 21% and then rebounding to its current <a href=\"https:\/\/forecasttrader.interactivebrokers.com\/eventtrader\/?loginType=1&amp;forwardTo=100&amp;clt=0&amp;ip2loc=OFF&amp;locale=en_US#\/market-details?id=813325820%7C20260731%7C1%7C&amp;detail=contract_details\" target=\"_blank\" rel=\"noreferrer noopener\">28%<\/a> level.\u00a0\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"480\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture1-FT-nov-6-1100x480.jpg\" alt=\"Historical pricing of IBKR ForecastTrader contract regarding Supreme Court decision on US tariffs.\" class=\"wp-image-234053 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture1-FT-nov-6-1100x480.jpg 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture1-FT-nov-6-700x306.jpg 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture1-FT-nov-6-300x131.jpg 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture1-FT-nov-6-768x335.jpg 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture1-FT-nov-6.jpg 1406w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/480;\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-forecasters-confident-of-government-reopening-this-month\"><strong>Forecasters Confident of Government Reopening This Month<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Forecasters are confident that the government will reopen this month, with probabilities of <a href=\"https:\/\/forecasttrader.interactivebrokers.com\/eventtrader\/?loginType=1&amp;forwardTo=100&amp;clt=0&amp;ip2loc=OFF&amp;locale=en_US#\/market-details?id=819396926%7C20251114%7C1%7CNovember%2014,%202025&amp;detail=contract_details\" target=\"_blank\" rel=\"noreferrer noopener\">40%<\/a> and 85% corresponding to the shutdown ending by the 14<sup>th<\/sup> or by the 21<sup>st<\/sup>. The 50-50 mark, meanwhile, falls on Nov. 16, meaning that there are coin-flip odds of a resolution prior to that date relative to an agreement occurring afterwards.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"90\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture2-ft-nov-6-1100x90.jpg\" alt=\"IBKR ForecastTrader Contract regarding reopening of US government.\" class=\"wp-image-234054 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture2-ft-nov-6-1100x90.jpg 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture2-ft-nov-6-700x57.jpg 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture2-ft-nov-6-300x25.jpg 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture2-ft-nov-6-768x63.jpg 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture2-ft-nov-6.jpg 1393w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/90;\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-team-no-on-canada-unemployment\"><strong>\u201cTeam No\u201d on Canada Unemployment<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">In the past 11 years, Canada\u2019s unemployment has only risen by 0.3% on a month over month basis a handful of occasions when excluding the times surrounding the recessionary periods of 2008 and 2020. I believe a jump from the current <a href=\"https:\/\/forecasttrader.interactivebrokers.com\/eventtrader\/?loginType=1&amp;forwardTo=100&amp;clt=0&amp;ip2loc=OFF&amp;locale=en_US#\/market-details?id=773080482%7C20251107%7C7.1%7COctober%202025&amp;detail=contract_details\">7.1%<\/a> level up to 7.4% is extremely unlikely, and my economist colleagues feel the same way. Indeed, the monthly Reuters poll of 17 forecasters stands at a median of 7.1% for tomorrow\u2019s print alongside a minimum projection of 7% and a maximum expectation of 7.2%. For those reasons, I find the risk-reward profile of the \u201cNo\u201d at 7.3% attractive; it\u2019s going for $0.94.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"84\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture3-1-1100x84.jpg\" alt=\"IBKR ForecastTrader Contract regarding reopening of US government.\" class=\"wp-image-234056 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture3-1-1100x84.jpg 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture3-1-700x53.jpg 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture3-1-300x23.jpg 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture3-1-768x59.jpg 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture3-1.jpg 1390w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/84;\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1050\" height=\"763\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture4-nov-6-FT.jpg\" alt=\"Historical unemployment rate in Canada\" class=\"wp-image-234057 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture4-nov-6-FT.jpg 1050w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture4-nov-6-FT-700x509.jpg 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture4-nov-6-FT-300x218.jpg 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture4-nov-6-FT-768x558.jpg 768w\" data-sizes=\"(max-width: 1050px) 100vw, 1050px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1050px; aspect-ratio: 1050\/763;\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Source for images: ForecastEx<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Note: Prices are highest bids as of the morning of Nov. 6, 2025.<\/em>&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>To learn more about ForecastEx, view our Traders\u2019 Academy video&nbsp;<\/em><a href=\"https:\/\/www.youtube.com\/watch?v=ceR-weGZSXc\" target=\"_blank\" rel=\"noreferrer noopener\"><em><strong>here<\/strong><\/em><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yesterday\u2019s Supreme Court hearing featured several conservative judges debating President Trump\u2019s authority to implement broad tariffs. <\/p>\n","protected":false},"author":903,"featured_media":224821,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[18929,18,6,8,9,26,3],"tags":[199],"contributors-categories":[],"class_list":["post-234052","post","type-post","status-publish","format-standard","has-post-thumbnail","category-prediction-market","category-macro","category-north-america","category-region","category-securities","category-text-articles","category-traders-insight","tag-tariffs"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ 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His skillset includes the ability to communicate and analyze complex economic topics in English and in Spanish and throughout his career, he has been interviewed by media outlets including Bloomberg, CNBC, CNN, WSJ, AP, Yahoo Finance, Cheddar, Business Insider, Seeking Alpha, PBS, FOX, Economic Times, Univision, Telemundo and others.\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/author\\\/jose-torres\\\/\"\n\t        }\n\t    ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Wednesday\u2019s Hearing Raises the Odds of the Supreme Court Blocking Trump Tariffs: Nov. 6, 2025","description":"Yesterday\u2019s Supreme Court hearing featured several conservative judges debating President Trump\u2019s authority to implement broad 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