Government to Shut Down as Backing at 78 Percent With Prediction Market
If gamblers are right and the prediction market Kalshi is correct, the U.S. government is set to shut down on Tuesday. 78 percent believe it will happen.
They are putting their money where their mouth is. $1.5 million and some change has been bet so far at the world's largest prediction market, Kalshi.
From Kalshi:
President Trump will meet with congressional leaders Monday for last-ditch talks ahead of a potential partial shutdown at 12:01 a.m. Wednesday, WSJ reports. Democrats want concessions including extending enhanced Affordable Care Act subsidies and restoring Medicaid funds, while the White House has asked agencies to prepare firing lists if funding lapses.
A government shutdown fast approaching, Democratic and Republican congressional leaders left a White House meeting with President Donald Trump Monday afternoon showing little willingness to compromise from their entrenched positions in order to avoid a lapse in funding.
If government funding legislation isn’t passed by Congress and signed by Trump on Tuesday night, many government offices across the nation will be temporarily shuttered and nonexempt federal employees will be furloughed, adding to the strain on workers and the nation’s economy.
But lawmakers were locked in an impasse Monday as Democrats demanded legislation to extend health care benefits and Republicans dared them to vote against legislation that would keep government funding mostly at current levels.
“There are still large differences between us,” Senate Democratic leader Chuck Schumer said as he left the White House.
Vice President JD Vance told reporters after the meeting, “I think we’re headed into a shutdown because the Democrats won’t do the right thing.”
- T.C. Jackson, Gambling911.com
