Polymarket Predicts Shutdown Extension: Speculation Amidst Minimal Market Impact

Polymarket and Kalshi predict a prolonged U.S. government shutdown lasting beyond November, with their platforms showing a 44% probability estimate. This prediction has sparked speculation among traders, as evidenced by over $3.5 million in trading volume on Polymarket. However, financial markets and the crypto industry remain largely unaffected by these predictions. Past shutdowns have had negligible impact on crypto markets, suggesting no direct connection between shutdown speculations and cryptocurrency price fluctuations or blockchain activity at present.