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U.S. President Joe Biden announced an executive order on immigration Tuesday and a betting market was quick to open asking if a court will block the order.
57%, or -133, say YES.
The long-anticipated presidential proclamation would bar migrants from being granted asylum when U.S. officials deem that the southern border is overwhelmed.
Biden said he preferred more lasting action via legislation but “Republicans have left me no choice.” Instead, he said he was acting on his own to “gain control of the border” while also insisting that “I believe immigration has always been the lifeblood of America.”
Trump “told the Republicans ... that he didn’t want to fix the issue, he wanted to use it to attack me,” Biden said. “It was a cynical, extremely cynical, political move and a complete disservice to the American people who are looking for us not to weaponize the border but to fix it.”
The order will go into effect when the number of border encounters between ports of entry hits 2,500 per day, according to senior administration officials.
This market opened at Polymarket and will resolve to "Yes" if any federal court issues a ruling that overturns or blocks the implementation of President Biden's June 4 executive order by June 30, 2024, 11:59 PM ET. Otherwise, this market will resolve to "No".
The executive order will be considered overturned or blocked if a court issues an injunction, stay, restraining order or any other legal mechanism that blocks any portion of the executive order. Orders which temporarily block the executive order will suffice for a "Yes" resolution.
The resolution source will be official information from the U.S. Federal Government, however a consensus of credible reporting may also be used.
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