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The spike in Polymarket odds comes just days after United States President Donald Trump said “we’re probably going to end up in another Democrat shutdown.”Polymarket betters are pricing in a 77% chance that the US government will shut down again before the end of January, marking a 67% increase over the past 24 hours.
It comes as the CLARITY Act, a significant crypto bill aimed at providing more clarity around regulations, is still making its way through Congress, with previous delays largely blamed on the record 43-day US government shutdown in October and November.the surging Polymarket odds in an X post on Saturday, noting that it came shortly after US Senator Chuck Schumerthat Senate Democrats would not “provide the votes to proceed” to the appropriations bill if funding for the Department of Homeland Security is included.Schumer said that the DHS bill is “woefully inadequate to rein in the abuses of ICE. I will vote no."Fox Business on Thursday: “I think we have a problem, because I think we’re probably going to end up in another Democrat shutdown.” It adds uncertainty around the CLARITY Act’s timeline, which has recently received a mixed response from the crypto industry after “This version would be materially worse than the current status quo. We’d rather have no bill than a bad bill. Hopefully we can all get to a better draft,” Armstrong said on Jan. 15.US Bitcoin ETFs bleed $1.72B in five-day outflow streak “There aren’t yet any significant indications that the two sides have identified a compromise that can rejuvenate the bill’s prospects,” he said, adding that “the additional 4-6 weeks until a second attempt at markup should give the parties more time to work on that.” Thorn said one of the “big questions” is whether “the gridlocked negotiations over stablecoin rewards can advance in the interim to raise the odds that such a markup is a bipartisan success.”Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy
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