Name: When will the Government shutdown end?
Start: 2025-10-06T17:22:33.868256Z
End: 2025-11-15T00:00:00Z

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This market will resolve to the calendar date range (ET) of the first day after September 30, 2025 which the U.S. The Office of Personnel Management (OPM) announces that the U.S. federal government is not shut down due to a lapse in appropriations. 

Partial shutdowns count as shutdowns; announcements of office closures due to holidays or inclement weather do not qualify as a shutdown. 

The resolution source for this market will be OPM’s Operating Status page (https://www.opm.gov/policy-data-oversight/snow-dismissal-procedures/current-status/).

Before October 15

October 19-22

October 27-30

November 4-7

November 12-15

October 15-18

October 23-26

October 31-November 3

November 8-11

November 16+

Shutdown ends (neg)

When will the Government shutdown end? 

This market will resolve to the calendar date range (ET) of the first day after September 30, 2025 which the U.S. The Office of Personnel Management (OPM) announces that the U.S. federal government is not shut down due to a lapse in appropriations. 

If OPM does not announce a shutdown on October 1, 2025 by 10:00 AM ET, this market will resolve to “No Shutdown.” 

Partial shutdowns count as shutdowns; announcements of office closures due to holidays or inclement weather do not qualify as a shutdown. 

The resolution source for this market will be OPM’s Operating Status page (https://www.opm.gov/policy-data-oversight/snow-dismissal-procedures/current-status/).

When will the Government shutdown end?

This market will resolve to "Yes" if at least one cabinet-level Donald Trump appointee from his second term leaves their position by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

Voluntary resignations, removals, retirements, or departures for any reason will count.

Announcements alone will not qualify toward this market's resolution. An individual must actually have left their cabinet-level position.

Temporary or acting officials will not count toward this market's resolution.

The primary resolution source for this market will be official information from the US government, however a consensus of credible reporting will also be used.

Trump cabinet member out in 2025?

This market will resolve based on the seasonally adjusted number of federal employees, as reported by the U.S. Bureau of Labor Statistics (BLS) under the "All Employees, Federal" series (CES9091000001), displayed here (https://fred.stlouisfed.org/series/CES9091000001)

This market will resolve according to the decrease in the seasonally adjusted number of federal employees between the December 2024 report and the December 2025 report.

If the reported value falls exactly between two brackets, then this market will resolve to the higher range bracket.

The difference will be calculated as the December 2024 value minus the December 2025 value.

The December 2024 figure will be based on the initial December 2024 BLS Employment Situation report scheduled for release on January 3, 2025, and the initial December 2025 figure will be based on the report scheduled for release on January 9, 2026. Revisions made to these figures will not be considered, only the values reported in the initial reports will be used.

The resolution source will be the BLS Employment Situation data, specifically the series CES9091000001, available at https://fred.stlouisfed.org/series/CES9091000001 or the official BLS website.


Will Elon and DOGE cut 150-200k employees in 2025?

This market will resolve to "Yes" if the US government sells any of its Bitcoin by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

The primary resolution source for this market will be information from the US government and on-chain data, however a consensus of credible reporting will also be used.

Will the US Government sell Bitcoin by December 31?

This market will resolve to "Yes" if the Bureau of Labor Statistics (BLS) ceases regular publication of any of the following reports: monthly Employment Situation reports (nonfarm payrolls and unemployment rate), Consumer Price Index (CPI), Producer Price Index (PPI), Employment Cost Index, Job Openings and Labor Turnover Survey (JOLTS), by December 31, 2025 at 11:59 PM ET. Otherwise, it will resolve to "No."

For purposes of this market, “ceases regular publication” means any of the following:

- The BLS officially announces it will no longer publish the report on its regular schedule.
- The BLS misses three consecutive scheduled releases of the report without providing the data within 30 days of each scheduled release date.
- The BLS announces that the report is discontinued, terminated, or permanently suspended.
- Legislative or executive action explicitly prohibits or defunds the publication of the report.

The following do NOT qualify as cessation:
- Temporary delays or postponements followed by subsequent publication (including delays caused by government shutdowns).
- Changes in methodology, seasonal adjustment, or calculation methods while continuing publication.
- Changes in publication frequency (e.g., monthly to quarterly) while maintaining regular releases.
- Format changes (e.g., digital-only, layout changes).
- Publishing preliminary or partial data with full data forthcoming.
- Changes to specific components within a report while the overall data series continues.
- Combining the report with other reports while still publishing the underlying data.
- BLS delays the jobs report due to a shutdown, then publishes it.
- BLS changes CPI methodology but continues publishing monthly CPI.
- BLS shifts employment data from monthly to quarterly.
- The Federal Reserve begins publishing employment data while BLS continues its own.
- BLS website outage delays posting, but data is released via other channels.
- BLS publishes preliminary data pending final adjustments.

The primary resolution source will be a consensus of credible reporting. 

Will BLS stop reporting payroll data this year?

This market will resolve to "Yes" if the National Aeronautics and Space Administration (NASA) ceases operations entirely, including the termination of all federal programs and activities managed by the agency, by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

If NASA is merged with another agency, resulting in a consolidated department with a shared administrative structure which is no longer titled the National Aeronautics and Space Administration, it will count as a "Yes" resolution.

If it becomes impossible for Trump to sign legislation/perform executive actions (e.g. he resigns), this market will resolve to "No".

The primary resolution source for this market will be official information from the U.S. government; however, a consensus of credible reporting will also be used.

Will Trump end NASA in 2025?

This market will resolve to "Yes" if the US Internal Revenue Department ceases operations entirely by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

If the IRS is merged with another agency, resulting in a consolidated department with a shared administrative structure which is no longer titled the Internal Revenue Service it will count as a "Yes" resolution.

If it becomes impossible for Trump to sign legislation/perform executive actions (e.g. he resigns), this market will resolve to "No".

The primary resolution source for this market will be official information from the US government, however a consensus of credible reporting will also be used.

Trump abolishes IRS in 2025?

This market will resolve to "Yes" if President of the United States Donald Trump announces he has resigned or will resign the presidency by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No."

If it becomes impossible for Donald Trump to resign or to announce his resignation (e.g., due to his removal from office by other means, etc.), this market will immediately resolve to "No."

For this market to resolve to "Yes," it is only necessary that Trump announce that he has resigned or will resign. Whether he actually resigns will have no bearing on the resolution of this market.

The primary resolution source for this market will be official information from the US federal government; however, a consensus of credible reporting will also be used.

Will Trump resign by December 31, 2026?

This market will resolve to "Yes" if the U.S. announces that they are occupying/using Bagram air base in Afghanistan for military or intelligence operations by December 31, 2025, 11:59 PM ET. Otherwise this market will resolve to "No".

The resolution source for this market will be official announcements form the U.S government and military.

US announces return to Bagram base in Afghanistan by December 31?

This market will resolve according to the next listed individual that it is announced will leave the Trump Cabinet, or otherwise ceases to be a member of administration.

If none of the listed individuals leave between December 5, 2025 and December 31, 2026, 11:59 PM ET, this market will resolve to “None before 2027”.

An announcement of the listed individual's resignation/removal before this market's end date will immediately resolve this market to "Yes", regardless of when the announced resignation/removal goes into effect.

If multiple individuals announce departures or are removed at the same time, the market will resolve to the individual who actually leaves office first. If they leave simultaneously, the market will resolve to the individual whose last name is alphabetically first.

For the purposes of this market, the Cabinet includes Vice President, the heads of the 15 executive departments, as well as the Administrator of the Environmental Protection Agency (EPA), the President’s Chief of Staff, the Director of National Intelligence (DNI), the Director of the Office of Management and Budget (OMB), the Director of the Central Intelligence Agency (CIA), the United States Trade Representative (USTR), the Ambassador to the United Nations, the Chair of the Council of Economic Advisers (CEA), and the Administrator of the Small Business Administration (SBA). Acting officials serving in these roles are not included. The Director of the Office of Science and Technology Policy (OSTP) is not considered Cabinet-level under the current Trump administration and is excluded from this market.
A listed individual will be considered to have left the Cabinet if they resign from or are removed from any Cabinet-level position, even if they are subsequently appointed to a different Cabinet-level role.
If a candidate assumes a listed cabinet position they will be added to the market. However, candidates who have merely been nominated for a cabinet position will not be considered, even if their nomination is rejected or withdrawn. 

The primary resolution source will be official information from the Trump administration, however a consensus of credible reporting may also be used.

Will Pete Hegseth be the first to leave the Trump Cabinet before 2027?

This market will resolve "Yes" if the bill listed is signed into law by the President of the United States by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

A bill will only qualify if it receives the President’s signature and becomes law through the normal legislative process. Vetoed bills, bills passed only by one chamber, or those that fail to reach the President’s desk, will not qualify.

The primary resolution source will be official information from Congress.gov or the White House; however, a consensus of credible reporting may also be used if ambiguity arises.

Will the Guidance Clarity Act of 2025 (S.81) be signed into law by December 31 2025?

This market will resolve to "Yes" if Donald Trump signs any executive order by December 31, 2025, 11:59 PM ET, that aims to eliminate or dismantle the National Aeronautics and Space Administration (NASA). Otherwise, this market will resolve to "No".

This market's primary resolution source will be the Federal Register (https://www.federalregister.gov/presidential-documents/executive-orders), however a consensus of credible reporting may also be used.

Trump executive order ending NASA in 2025?

This market will resolve according to the first individual that ceases to occupy their listed office.

An announcement of a resignation/removal, or a scheduled departure from office due to the outcome of an election will not alone qualify.

Only permanent removal from office will qualify for resolution. Temporary removals, such as impeachment suspensions (e.g., Yoon Suk Yeol's recent impeachment), temporary invocation of the 25th Amendment, or any similar provisional transfers of power, will not count.

Additionally, if an individual continues in a caretaker or interim role (e.g., Gabriel Attal remaining as caretaker Prime Minister of France), they will not be considered to have ceased occupying the office for the purposes of this market.

If this criteria has not been met for any of the listed individuals by December 31, 2026, 11:59 PM ET, this market will resolve to “None before 2027”. No additional individuals will be added to this market after its creation.

The resolution source for this market will be a consensus of credible reporting.

Will Nicolás Maduro be the next leader out before 2027?

The FED interest rates are defined in this market by the lower or the upper bound of the target federal funds range. The decisions on the target federal fund range are made by the Federal Open Market Committee (FOMC) meetings.

This market will resolve to “Yes” if the lower or the upper bound of the target federal funds rate reaches the specified level at any point by December 31, 2026, 12:59 PM ET. Otherwise, this market will resolve to “No.”

Emergency rate cuts and hikes outside the regularly scheduled meetings will be considered.

The resolution source for this market is the official website of the Federal Reserve at:
https://www.federalreserve.gov/monetarypolicy/openmarket.htm.

This market may resolve as soon as the relevant data showing the reached level is published.

Will the Fed’s lower bound reach 3.5% or lower before 2027?

This market will resolve to “Yes” if either of the following conditions is met:

1.  The seasonally adjusted annualized percent change in quarterly U.S. real GDP from the previous quarter is less than 0.0 for two consecutive quarters between Q2 2025 and Q4 2026 (inclusive), as reported by the Bureau of Economic Analysis (BEA). 

2.  The National Bureau of Economic Research (NBER) publicly announces that a recession has occurred in the United States, at any point during 2025 or 2026, with the announcement made by the time the BEA releases the advance estimate for Q4 2026.

Otherwise, this market will resolve to "No". 

Note that advance estimates will be considered. For example, if upon release, the advance estimate for Q3 2025 was negative, and the Q2 2025's most recent, up-to-date estimate was also negative, this market would resolve to "Yes". If on December 31, 2026 the latest estimate for quarterly GDP in Q3 2025 was negative, this market will stay open until the Advance estimate of Q4 2026 is published, at which point it will resolve to "Yes" if Q4 2026 was negative or if the NBER declares a recession by then.

The resolution source will be the official announcements from the NBER and the BEA’s estimate of seasonally adjusted annualized percent change in quarterly US real GDP from previous quarters as released by the Bureau of Economic Analysis (BEA), https://www.bea.gov/data/gdp/gross-domestic-product

US recession by end of 2026?

This market will resolve to "Yes" if Barack Obama serves any time in custody in a federal, state, or local U.S. jail or prison between July 22 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

The primary resolution source for this market will be official information from the U.S. Government, however a consensus of credible reporting may also be used.

Obama in jail in 2025?

In Q4 2024, government expenditures were $7,106,807,000,000 (see https://fred.stlouisfed.org/series/FGEXPND). 

This market will resolve to “Yes” if federal government current expenditures decrease by 5% or more between the Q4 2024 report and the Q4 2025 report. Otherwise, it will resolve to "No".

Any 2025 quarterly report of $6,751,467,000,000 or less will qualify for a “Yes” resolution.

Revisions made to these figures will not be considered, only the values reported in the initial reports will be used.

This market's resolution source is the Federal Government: Current Expenditures chart maintained by the St. Louis Federal Reserve Bank, displayed here (https://fred.stlouisfed.org/series/FGEXPND).


Will Elon cut the budget by at least 5% in 2025?

This market will resolve according to the exact amount of cuts of 25 basis points in 2026 by the Fed (including any cuts made during the December meeting).

Emergency rate cuts outside of scheduled FOMC meetings will also count toward the total number of cuts in 2026. This market will remain open until December 31, 2026, 11:59 PM ET, to account for any such emergency actions.

For example, if the Fed cuts rates by 50 bps after a meeting, it would be considered 2 cuts (of 25 bps each).

This market will resolve early to "No" if the specified number of cuts becomes impossible — i.e., if more cuts have already occurred than the strike in question.

Note that cuts between 1–24 bps (inclusive) will also be considered 1 rate cut.

The resolution source for this market will be FOMC statements after meetings scheduled in 2026 according to the official calendar: https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm. The level and change of the target federal funds rate is also published at the official website of the Federal Reserve at https://www.federalreserve.gov/monetarypolicy/openmarket.htm.

Will 3 Fed rate cuts happen in 2026?

This market will resolve based on federal government current expenditures as reported by the St. Louis Federal Reserve Bank, displayed here (https://fred.stlouisfed.org/series/FGEXPND).

This market will resolve to the amount federal government current expenditures decrease by between the Q4 2024 report and the Q4 2025 report. 

If the reported value falls exactly between two brackets, then this market will resolve to the higher range bracket.

The difference will be calculated as the Q4 2024 value minus the Q4 2025 value. 

The figures will be based on the initial Q4 2024 and Q4 2025 values as reported by the St. Louis Federal Reserve Bank. Revisions made to these figures will not be considered, only the values reported in the initial reports will be used. 

The figures will be based on the Q4 2024 and Q4 2025 values as reported by the St. Louis Federal Reserve Bank as soon as the data for Q4 2025 becomes available, regardless of whether later revisions are made.

This market's resolution source is the Federal Government: Current Expenditures chart maintained by the St. Louis Federal Reserve Bank, displayed here (https://fred.stlouisfed.org/series/FGEXPND).

Will Elon and DOGE cut less than $50b in federal spending in 2025?

In Q4 2024, government expenditures were $7,106,807,000,000 see (https://fred.stlouisfed.org/series/FGEXPND). 

This market will resolve to “Yes” if federal government current expenditures decrease by 10% or more between the Q4 2024 report and the Q4 2025 report. Otherwise, it will resolve to "No".

Any 2025 quarterly report of $6,396,126,000,000 or less will qualify for a “Yes” resolution.

Revisions made to these figures will not be considered, only the values reported in the initial reports will be used.

This market's resolution source is the Federal Government: Current Expenditures chart maintained by the St. Louis Federal Reserve Bank, displayed here (https://fred.stlouisfed.org/series/FGEXPND).

Will Elon cut the budget by at least 10% in 2025?

This market will resolve to "Yes" if at least one seat on the United States Supreme Court becomes vacant between January 1 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

The primary resolution source for this market will be official announcements from the U.S. Government. However, a consensus of credible reporting may also be used.  

When will the Government shutdown end?

Before October 15
$107,645 Vol.
No

October 15-18
$426,890 Vol.
No

October 19-22
$438,399 Vol.
No

October 23-26
$1,061,750 Vol.
No

October 27-30
$912,063 Vol.
No

October 31-November 3
$1,567,201 Vol.
No

November 4-7
$5,673,890 Vol.
No

November 8-11
$11,773,856 Vol.
No

November 12-15
$8,422,644 Vol.
Yes

November 16+
$9,839,429 Vol.
No

Market Context

When will the Government shutdown end?

Rules

When will the Government shutdown end?

Market Context

When will the Government shutdown end?

About

Related

When will the Government shutdown end?

Before October 15$107,645 Vol.Nocircle xmark

October 15-18$426,890 Vol.Nocircle xmark

October 19-22$438,399 Vol.Nocircle xmark

October 23-26$1,061,750 Vol.Nocircle xmark

October 27-30$912,063 Vol.Nocircle xmark

October 31-November 3$1,567,201 Vol.Nocircle xmark

November 4-7$5,673,890 Vol.Nocircle xmark

November 8-11$11,773,856 Vol.Nocircle xmark

November 12-15$8,422,644 Vol.Yescircle check

November 16+$9,839,429 Vol.Nocircle xmark

Market Context

When will the Government shutdown end?

Rules

When will the Government shutdown end?

Market Context

When will the Government shutdown end?

About

Related

Before October 15
$107,645 Vol.
No

October 15-18
$426,890 Vol.
No

October 19-22
$438,399 Vol.
No

October 23-26
$1,061,750 Vol.
No

October 27-30
$912,063 Vol.
No

October 31-November 3
$1,567,201 Vol.
No

November 4-7
$5,673,890 Vol.
No

November 8-11
$11,773,856 Vol.
No

November 12-15
$8,422,644 Vol.
Yes

November 16+
$9,839,429 Vol.
No