U.S. shutdown probability nears 80%..."Market volatility to increase"

Decentralized prediction platform Polymarket says the probability that the U.S. government will enter a temporary work stoppage (shutdown) on the 1st has reached 80%.

On the 30th (local time), Polymarket said the probability that the U.S. government will shut down tomorrow is 80%. A shutdown can affect the U.S. government's operations and deal a blow to economic growth. Major economic data releases may also be postponed.

Ash Crypto virtual asset analyst said, 'The probability that the U.S. government will shut down has greatly increased,' and 'High market volatility is expected over the coming days.'

Meanwhile, if the U.S. Congress fails to pass a short-term spending bill by today, the federal government will enter a shutdown starting from the 1st of next month.