Prediction markets are pricing in about a 70% chance the federal government will shut down on Wednesday, reflecting growing skepticism that lawmakers will strike a last-minute deal to keep agencies funded.

Users on Kalshi and Polymarket increased their bets on a government closure after the Labor Department said it won’t release Friday’s key jobs report , watched closely on Wall Street, in case of a shutdown. Over the weekend, the odds were at around 50%. Zoom In Icon Arrows pointing outwards

The elevated odds underscore deepening dysfunction in Congress, where disputes over spending levels escalated. While Democrats want the funding bill to include extensions to Affordable Care Act insurance subsidies, Republican leaders are saying that debate should wait until after a shutd

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