Traders in online prediction markets expect the federal government shutdown to last more than two weeks, signaling waning confidence in a near-term deal as negotiations in Washington remain at a standstill.

Traders on the prediction market platform Kalshi give a 64% chance that the government shutdown will last just over 21 days. The trading volume, or the total dollar amount wagered on this market, sits just north of $2.5 million.

Meanwhile, 72% of traders on Polymarket expect the shutdown to last at least two weeks, with about $1.5 million wagered on the market.

Around 23% of market participants see the shutdown ending between Oct. 10 and Oct. 14, according to Polymarket's trading data.

The federal government shut down at 12:01 a.m. ET on Wednesday, forcing agencies to send home wo

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