Here Is How Long Government Shutdown Will be: Asia Morning Briefing
CoinDesk
Prediction markets suggest the U.S. government shutdown could exceed 40 days, potentially setting a new record.Summary
Prediction markets on Polymarket and Kalshi are pricing in a U.S. government shutdown lasting over 40 days, which would surpass the 35-day record from 2019. Kalshi forecasts an average length of 41.6 days, while Polymarket traders see a resolution around November 15. Despite the shutdown affecting federal employees, the Federal Reserve remains operational, leading to high expectations for interest rate cuts at the upcoming FOMC meetings based on potentially incomplete economic data. The article also notes market movements, including Bitcoin trading above $108,000 amid risk-off sentiment, Ethereum retesting resistance, and a sharp, profit-taking decline in gold and silver after a significant rally.
(Source：CoinDesk)