White House Chief Economic Advisor Hassett: The government is expected to reopen this week! Polymarket bets quickly turn optimistic.

Kevin Hassett, the chief economic adviser to the White House, predicted on Monday during the “Squawk Box” program that the government shutdown “is likely to end sometime this week,” bringing hope to the markets. (Background: The U.S. government shutdown has left “crypto regulation in limbo”: Litecoin ETF stalled, and all 90 applications halted) (Additional context: U.S. government shutdown: US Non-farm Payrolls (NFP) “difficult to produce”! The Federal Reserve (FED) facing blind decision-making) Since the U.S. government shut down on October 1, Democrats and Republicans have been unable to reach a consensus on federal funding allocation, causing billions of dollars in economic losses to the federal government. More seriously, this partisan range-bound struggle not only affects the normal operation of the entire government system but also impacts financial markets: both the coin market and the stock market have been hit by the uncertainty of the government shutdown. However, according to a report from CNBC on October 20, White House chief economic adviser Kevin Hassett predicted on Monday during the “Squawk Box” program that the government shutdown “is likely to end sometime this week,” bringing hope to the markets. Hassett: Divisions within the Democratic Party Hassett's judgment is primarily based on intelligence he received from the Senate: divisions have emerged within the Democratic Party, particularly moderate Democrats who are beginning to push for the government to reopen. He added, “There is now an opportunity to quickly resolve the issue this week,” and that moderate Democrats will restore government operations through normal legislative procedures and negotiate policy issues such as healthcare on that basis. Hassett also referred to this shutdown as the “Schumer Shutdown,” blaming Senate Minority Leader Chuck Schumer for obstructing the funding bill, but Hassett predicts that Schumer's defenses are about to collapse. At the same time, Hassett pointed out that if the government shutdown issue is not resolved this week, the White House may collaborate with budget chief Russell Vought to take “stronger measures” to force the Democrats back to the negotiation table. Markets quickly bet on the reopening of the U.S. government this week The market reacted quickly to Hassett's optimistic forecast. On October 20, according to the latest data from the prediction market platform Polymarket, traders' expectations regarding the “U.S. government shutdown” shifted positively after Hassett's remarks. The proportion that originally thought the shutdown “would last for some time” quickly dropped; conversely, about 35% of predictors are betting that the U.S. government will end the shutdown between October 23 and 26, with the probability of this prediction soaring by 27% after Hassett's remarks and trading volume also significantly increasing. Related reports The Wall Street Journal warns: The U.S. is experiencing a “gambling addiction bubble” from sports to AI, with Trump being a main instigator. Sony applies for a “crypto bank license” from the U.S. Office of the Comptroller of the Currency, targeting stablecoin issuance and custody. Trump threatens to halt imports of Chinese cooking oil: Prepare for retaliation with 100% tariffs if not buying U.S. soybeans. <White House chief economic adviser Hassett: Government expected to reopen this week! Polymarket bets quickly shift to optimism> This article was first published in BlockTempo, the most influential blockchain news media.