The ongoing government shutdown, which commenced at the start of the month, is now predicted by Polymarket to extend well into October, with a significant 70% probability of lasting until Oct.15th or even later.
70% Bets See Government Reopening After Oct. 15
This forecast suggests a prolonged period of federal inactivity, stemming from deep-seated budgetary disagreements between Democrats and Republicans.
Charlie Bilello, Chief Market Strategist at Creative Planning, highlighted this looming prospect in a recent X post, referencing the Polymarket odds.
In a detailed video accompanying his post, Bilello explained, “The majority saying it’s going to last October 15th or later,” underscoring the betting market’s bearish outlook on a swift resolution.
Why Is The Reopening Stalling?
The core of the impasse revolves primarily around healthcare spending. Republicans have proposed cuts to healthcare in their budget, while Democrats are pushing to reinstate those spending …