Key Takeaways
- Pierre Poilievre leads Polymarket odds with 89% support to replace Justin Trudeau as Canada’s next prime minister.
- Polymarket users have wagered ~$500,000 on the election outcome, reflecting significant interest in Trudeau’s successor.
- Poilievre’s has been vocal about his pro-Bitcoin stance in the past.
Polymarket bets favor Pierre Poilievre as Canada’s next prime minister
Pierre Poilievre, leader of Canada’s Conservative Party, holds 89% odds on Polymarket to succeed Justin Trudeau.
The decentralized prediction platform has recorded ~$500,000 in trading volume on the outcome of Canada’s leadership change.
Polymarket users placed ~$290,000 in bets specifically supporting Poilievre to win the upcoming federal election this spring.
Justin Trudeau resigns amid declining support and political challenges
Justin Trudeau announced on January 6 that he will resign as both prime minister and Liberal Party leader.
Trudeau’s resignation comes after serving as Canada’s prime minister since 2015 and facing declining approval ratings.
A Polymarket prediction market tracking Trudeau’s resignation surpassed $1 million in total trading volume before resolving.
Poilievre’s pro-crypto stance attracts supporters and investors
Poilievre is widely recognized for his pro-Bitcoin views and advocacy for Bitcoin investments in Canada.
He disclosed personal holdings in Canada’s Purpose Bitcoin ETF.
