Polymarket Surges On Shutdown Fears
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BTCCSquare news:
Predictive markets are flashing warning signs as Polymarket records a 77% probability of a US government shutdown by January 31—a 67-point surge in 24 hours. The political deadlock in Washington, particularly around budget negotiations, threatens to stall critical legislation like the Clarity Act, which could delay stablecoin regulation and chill Web3 innovation.
This market movement reflects eroding confidence in Congressional resolution capabilities. The Senate's impasse mirrors broader institutional dysfunction, with potential Ripple effects across crypto markets and regulatory timelines.
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