Policy prediction markets: the Fed, tariffs and the Supreme Court

Policy markets ask about decisions by the Federal Reserve, the White House and the courts. Fed rate decisions are a common example: the Federal Reserve's next scheduled meeting is on December 8-9, 2026. Each contract settles on the official announcement or ruling named in its rules.

We earn a commission if you sign up through these offers. 21+.

Kalshi: Trade $25 and Get $25!

Trade on Kalshi (opens in a new tab)
RANKPREDICTS

Certain limitations apply. The offer is available to new users only, subject to the terms and conditions at kalshi.com/tc/500. 18+ only. Restrictions and eligibility requirements apply. Event contract trading involves significant risk and is not appropriate for everyone. Please carefully consider if it is appropriate for you in light of your personal financial circumstances. Kalshi products are not available in all jurisdictions. See kalshi.com/regulatory for more information.

A desk at night with a stack of blank papers, a fountain pen, reading glasses and a desk lamp.

Short answer

Policy markets ask about decisions by the Federal Reserve, the White House and the courts. Fed rate decisions are a common example: the Federal Reserve's next scheduled meeting is on December 8-9, 2026. Each contract settles on the official announcement or ruling named in its rules.

We earn a commission if you sign up through these offers. 21+.

Kalshi: Trade $25 and Get $25!

Trade on Kalshi (opens in a new tab)
RANKPREDICTS

Certain limitations apply. The offer is available to new users only, subject to the terms and conditions at kalshi.com/tc/500. 18+ only. Restrictions and eligibility requirements apply. Event contract trading involves significant risk and is not appropriate for everyone. Please carefully consider if it is appropriate for you in light of your personal financial circumstances. Kalshi products are not available in all jurisdictions. See kalshi.com/regulatory for more information.

Last checked November 9, 2026

The Fed

The Federal Open Market Committee sets the federal funds target range. It holds eight regularly scheduled meetings a year, plus others as needed. Markets ask whether it will raise, cut or hold. They settle on the Fed's official statement.

MeetingNote
December 8-9, 2026With projections

The Fed calls each date tentative until it is confirmed at the meeting before.

Tariffs and trade

Markets on tariff rates and trade deals settle on official notices, such as a presidential proclamation or a Federal Register entry, as named in the rules.

The Supreme Court

Case markets ask how or when the Court will rule. They settle on the published opinion. The Court releases opinions on announced days, often in late spring and June.

Frequently asked questions

When is the next Fed meeting?

December 8-9, 2026.

What settles a Fed market?

The FOMC's official statement on the decision day.

Do you forecast rates?

No. We explain the markets. The price is the traders' view.