
Kalshi prices any government shutdown in yes-or-no event contracts that settle at $1. For example, the 2025 government shutdown's board puts >35 days around 67%, >40 days near 48% (rules map that to through Nov 10 at 10:00 a.m. ET), and >45 days near 35%, so the curve was pointing toward mid-November with a live tail into the back half of the month. Odds often swing on CR headlines, leadership signals, and agency/OMB guidance.
Want deeper context on event contracts and strategy? See our Kalshi Referral Code page.
TL;DR Summary
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Kalshi is a federally regulated exchange under the Commodity Futures Trading Commission. It operates as a designated contract market offering event contracts that settle at $1 on yes/no outcomes. Approval came in Nov 2020; trading launched in 2021.
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The Kalshi government shutdown market tracked how long the federal government stayed closed. Trading volume: over $15M by 2025. Depth like that gives a cleaner read on trader expectations.
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The last pricing cluster was established around mid-November, which was accurate, with a live tail afterward based on the >45-day line.
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Fees are per trade. The company’s model isn’t based on users losing money.
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Idle USD balances on the exchange can earn interest. Rate details live in-account.
Kalshi’s Popular Shutdown Market: How Long Did the 2025 Government Shutdown Last?
After weeks of tense negotiations in Washington, due to a partisan gridlock, the 2025 U.S. government shutdown came to an end. Lawmakers argued over spending priorities, foreign aid, and long-term budget frameworks, which led to a halt in nonessential federal operations. The White House and Congress exchanged proposals for weeks, but it took over 43 days to reach a deal. During this long wait, traders focused on Kalshi’s government shutdown market — one of the platform’s most closely watched contracts of the year.
Here’s how the board is built. The Kalshi government shutdown market lists duration buckets. You buy Yes/No event contracts; contract prices trade between 1¢ and 99¢; price ≈ probability, and settlement is $1 if the statement is true when the shutdown ends. For instance, a 48¢ price on "more than 40 days" reads like 48% odds through Nov 10 at 10:00 a.m. ET per the rules.
So, why care about duration? Stakes. A longer pause delays the White House economic data, the Senate, and the markets used to set policy. It also reshuffles agency operations across the federal government and can affect inflation reports and payroll timing. Put plainly, the date the shutdown ends can influence both money and schedules in the real world, so some investors use these prediction markets as a hedge.
- If you own stocks tied to federal funding or timely approvals, a longer shutdown can squeeze cash flow. Buying "yes" on longer buckets can offset part of that risk.
- If you trade rates and key reports get pushed back, your playbook changes. Longer-timeline contracts help if data stays dark and volatility shifts.
- If you’re a contractor paid after the government reopens, later dates mean delayed receipts. A small position on longer buckets can soften the hit.
Liquidity matters, and this board has it: trading volume was around $17,695,419 by 2025. More flow means tighter spreads, better fills, and cleaner signals. When trader expectations shift on CR votes or leadership signals, you see it in the tape.
There’s a social layer too, since Kalshi market pages include public comments near the bottom. Sentiment there often spikes around headlines, and you’ll sometimes see the comment stream move almost in step with price when news breaks.
A key tip is to check the history before estimating the duration of a shutdown. Since 1976, the U.S. has experienced 20 shutdowns; the longest until 2025 lasted 34 days. However, the 2025 government shutdown exceeded that, lasting 43 days.
Other Popular Kalshi Political Prediction Markets
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Congressional control and leadership timelines under court-cleared election contracts, as allowed by the CFTC framework.
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Appropriations and budget deadlines: continuing-resolution expirations and House/Senate vote windows that shape funding.
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Forward-dated races, including the California Governor cycle and 2028 presidential milestones listed per rules.
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Adjacent hedge: IPO probability contracts by year-end, a class Kalshi launched in July 2025.
These sit alongside other event contracts traders use to hedge rate moves, spending paths, and sector risk.
However, if you're looking for a break from politics, Kalshi lists pop culture markets as well, with Taylor Swift- and Rotten Tomatoes-related prediction markets in the mix.
Action Network’s Kalshi Government Shutdown Market Tips
The play here is simple: you’re trading event contracts on a federally regulated exchange where price equals probability. Liquidity is real (eight-figure trading volume today), so the board gives a clean read on trader expectations. The curve still leans toward mid-November for when the shutdown ends, with a live tail into late November.
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Read the spec, trade the clock. Settlement uses OPM notices and a 10:00 a.m. ET timestamp; that language decides winners, not headlines.
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Trade catalysts, not gut-feelings. CR votes, leadership statements, and agency or OMB guidance move contract prices; plan around those windows.
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Ladder dates for tails. If you’re playing risk past mid-November, spread positions across adjacent duration buckets and size to the tape.
In short, you’re trading a clear, time-stamped outcome on a regulated exchange, and today’s board gives you the tells: price as probability, catalysts on the calendar, and enough volume to trust the read.
Yes. Kalshi is a New York–based exchange that operates as a Commodity Futures Trading Commission-regulated contract market. It received approval in November 2020 and launched in 2021.
Open and fund an account, find the shutdown duration board, and place Yes/No orders at your price. Event contracts settle at $1 if the event happening matches the statement; otherwise $0. Liquidity comes from users and market makers, and contract prices reflect trader expectations in a real-time snapshot rather than formal forecasts. No operator links here.
You can earn interest on uninvested USD balances; trade PnL is separate from interest. Check the current rate in-account.
Many non-essential federal government services pause, and furloughed workers see pay delayed until funding resumes. Essential services and certain mandatory programs continue operating while Congress works toward a deal.
Yep. Beyond government shutdown markets, you’ll see election timelines permitted under CFTC rules, policy and budget deadlines, and leadership outcomes, plus adjacent contracts on future events like IPO probabilities. It’s an exchange product, not sports betting, but some bettors use these positions alongside market and rate hedges. Kalshi also announced international expansion in October 2025.