Traders see a cloudy outlook as government shutdown expected to drag on for weeks

Traders on prediction markets are betting the federal government shutdown will stretch beyond three weeks, with lawmakers still deadlocked on a funding plan and the Senate not scheduled to vote again until next Tuesday.Traders on Kalshi give a 56% chance that the government shutdown will last just over 28 days. The trading volume, or the total dollar amount wagered on this market, sits just north of $5.5 million. About 71% of traders expect the government shutdown to last more than 20 days, while roughly 45% believe it will extend beyond 30 days.HOPES DIM IN PREDICTION MARKETS AS TRADERS BET G