Odds of a government shutdown skyrocket on Polymarket and Kalshi in wake of ICE shooting in Minnesota

"Then, federal agents fatally shot Alex Pretti in Minneapolis. In the span of just a few hours following the shooting on Saturday, the odds that the government will shut down later this week rose from roughly 10% to the high 70s on prediction markets like Polymarket and Kalshi."

""What's happening in Minnesota is appalling -and unacceptable in any American city," Senate Minority Leader Chuck Schumer said in a statement on Saturday. "Senate Democrats will not provide the votes to proceed to the appropriations bill if the DHS funding bill is included.""

"To avoid a government shutdown after midnight late Friday evening, the Senate would need to pass the six-bill package, which funds DHS, the military, various government agencies, and a wide array of federal grants, among other things."

Odds of a government shutdown rose sharply after federal agents fatally shot Alex Pretti in Minneapolis, with prediction markets moving from roughly 10% to the high 70s. Senate Democrats said they will not vote to fund the Department of Homeland Security until immigration enforcement reforms are enacted, and Senate Minority Leader Chuck Schumer declared that Democrats would withhold votes if the DHS funding bill is included. Lawmakers face two choices: Democrats reverse course or leaders break up a six-bill funding package. The six-bill package must pass before midnight Friday to avoid even a short lapse in funding.

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