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Gamblers are bullish when it comes to the US Government shutdown lasting at least a week. But beyond ten days, it's a coin toss at the prediction market Kalshi.
86% of the gambling public believed the shutdown would go through the entirety of this week while 78% believed it would last over five days. The public was split on ten days or more of the shut down.
People are closely monitoring the political landscape, as a divided government and partisan gridlock could lead to a prolonged shutdown. Shutdowns tend to last longer when both parties are unwilling to compromise on spending priorities or when major policy disagreements are at stake.
“What the government spends money on is a demonstration of our country’s priorities,” Rachel Snyderman, a former White House budget official who is the managing director of economic policy at the Bipartisan Policy Center, told The Associated Press.
Shutdowns, she said, “only inflict economic cost, fear and confusion across the country.”
Interest in the US Government shutdown began taking the gambling public by storm nearly two weeks ago. At one point last week, with no big games being played, eight of ten searches coming to the site were related to the odds of a shutdown.
