Note on resolution timing: I'll close this market once it's clear the court has issued an opinion. Then give me a day to resolve. It should be pretty obvious after a day with headlines breaking down the decision, and I don't want to resolve solely on my own reading of the opinion immediately since I'm not a lawyer.

Current Supreme Court guidance for race based admissions allow for policies to benefit minorities as long as other individual factors are considered. Racial quotas have been banned since Regents of the University of California v. Bakke (1978). In Grutter v. Bollinger (2003), Justice Sandra Day O'Connor wrote "race-conscious admissions policies must be limited in time," adding that the "Court expects that 25 years from now, the use of racial preferences will no longer be necessary to further the interest approved today." In the fall term, the court is expected to hear arguments in Students for Fair Admissions vs President & Fellows of Harvard College, see https://www.scotusblog.com/case-files/cases/students-for-fair-admissions-inc-v-president-fellows-of-harvard-college/ This market will resolve to "Yes" if the Court rules race based factors in admissions to higher education to be entirely unconstitutional, overruling Grutter v. Bollinger. Jul 2, 1:46pm: Adding "affirmative action" to this description to make this easier to search.

Jul 14, 10:37pm:  Clarification: this resolves as NO if the Court strikes down the admissions policies as implemented, but allows race as a factor in admissions in limited cases. A YES resolution is reserved for a ruling that broadly bans race as a factor at all.