Hopes dim in prediction markets as traders bet government shutdown will drag on for weeks

Traders in online prediction markets expect the federal government shutdown to last more than two weeks, signaling waning confidence in a near-term deal as negotiations in Washington remain at a standstill.Traders on the prediction market platform Kalshi give a 64% chance that the government shutdown will last just over 21 days. The trading volume, or the total dollar amount wagered on this market, sits just north of $2.5 million. Meanwhile, 72% of traders on Polymarket expect the shutdown to last at least two weeks, with about $1.5 million wagered on the market.TRUMP SAYS GOVERNMENT SHUTDOWN