Market
Will there be a legal challenge to Biden's offshore drilling ban by Mar 31, 2025?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Court records or announcements from relevant legal entities
Story
Biden to Permanently Ban Offshore Drilling, Locking in Protections Before Trump's Term
Jan 2, 2025, 05:28 PM
President Joe Biden is preparing to issue a decree permanently banning new offshore oil and gas development in select US coastal waters. The move aims to lock in difficult-to-revoke protections for sensitive marine areas before President-elect Donald Trump takes office. The anticipated executive order would complicate Trump's plan to expand domestic energy production. Biden's action is rooted in a 72-year-old law that grants the White House broad authority to permanently protect US waters from oil and gas leasing, without explicitly empowering successors to revoke the protections.
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Similar markets
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No Challenge • 25%
State Court Challenge • 25%
Both Federal and State Challenges • 25%
Federal Court Challenge • 25%
Atlantic Coast • 25%
Alaska's Northern Bering Sea • 25%
Eastern Gulf of Mexico • 25%
Pacific Coast • 25%
No • 50%
Yes • 50%