SCOTUS weakens Chevron deference?
9
8
7
6
5
4
3
2
1
0
9
8
7
6
5
4
3
2
1
0
%
▲ 00
9
8
7
6
5
4
3
2
1
0
9
8
7
6
5
4
3
2
1
0
6H
1D
1W
1M
ALL
2024 (+0)
$19,875vol
Yes
Rules summary
If the Supreme Court rules in favor of the petitioners in Loper Bright Enterprises v. Raimondo et al., then the market resolves to Yes. Outcome verified from Supreme Court.
Expiration value: YesTimeline and payout
About
The pending Supreme Court case, Loper Bright Enterprises v. Raimondo, involves fishing companies challenging the National Marine Fisheries Service (NMFS). They dispute NMFS's authority under the Magnuson-Stevens Act to require vessels to subsidize federal observers' salaries. The government defends NMFS's interpretation based on the Chevron Doctrine. The case questions whether the Supreme Court should limit or overrule this 1984 doctrine, which grants agencies deference in interpreting ambiguous statutes.
Show more
Live commentary
- The case is submitted.Jan 17, 5:19pm
- 'The power to interpret the law rests with the courts, not with agencies.' - Roman MartinezJan 17, 5:18pm
- 'Chevron has this disparate impact on different classes of persons.' - Justice Neil GorsuchJan 17, 4:58pm
- 'You want to say it's an old thing, but the old cases don't look anything like Chevron, they look like Skidmore.' - Justice Neil GorsuchJan 17, 4:57pm
- 'Chevron was not an innovation. It was not something new.' - Solicitor General Elizabeth B. PrelogarJan 17, 4:41pm
- '[Chevron] is grounded in a separation of powers.' - Solicitor General Elizabeth B. PrelogarJan 17, 4:33pm
- 'Chevron itself ushers in shocks to the system every four to eight years.' - Justice Brett KavanaughJan 17, 4:28pm
- 'Even the federal government at the podium can't answer, 'What triggers ambiguity?' - Justice Neil GorsuchJan 17, 4:15pm
- 'Litigants will come out of the woodwork.' - Solicitor General Elizabeth B. PrelogarJan 17, 4:15pm
- 'Overruling Chevron would be a convulsive shock to the legal system' - Solicitor General Elizabeth B. PrelogarJan 17, 4:08pm
- More comments
