Polymarket: The U.S. Government Shutdown Will Be Long-Lasting

Predictions on the Long Duration of the US Government Shutdown

Polymarket bettors predict that the US government shutdown will last until October 15, but there is also a belief that it will end within a month. Bettors assess the likelihood that the government will reopen on or after October 15 at %72. This prediction is supported by a significant betting volume of 1.4 million dollars in a 4 million dollar contract.

Possibilities of a Long Shutdown Duration

Another contract questions the length of the shutdown. This contract indicates a %67 probability that the shutdown will last between 10-29 days, while the probability that it will last longer than a month is only %27. This means that the shutdown will remain below the longest government shutdown experienced during the Trump administration.

Market Observations and Bitcoin Connection

Market observers argue that the government shutdown has contributed to the recent rise in Bitcoin (BTC) prices. BTC has surpassed 125,000 dollars, reaching new highs. The inability of Congress to achieve the necessary majority vote to reopen the government is cited as the source of this impasse.