- Polymarket shows Pierre Poilievre’s odds of victory at 89%
- The trading volume of this prediction has almost exceeded $289K
Recently, Canada’s Prime Minister Justin Trudeau announced his resignation, and consideration of candidates to replace him has begun. Conservative Party leader Pierre Poilievre shows a record of 89% in assessing the likelihood of his election as Canada’s new Prime Minister, but there are also Chrystia Freeland and Jagmeet Singh.
More About Pierre Poilievre’s Chances
Pierre Poilievre’s highly estimated odds come against a rather interesting backdrop as if to coincide with the political vector of the United States. There, we have already seen record numbers during Donald Trump’s election and a shift in political preferences towards Republicans.
In Canada, we have seen both the sudden resignation of Finance Minister Chrystia Freeland over disagreements on trade policy with the U.S. and later Prime Minister Justin Trudeau, who also expressed that the Conservative Party’s vision is “not the right one for Canadians.” Meanwhile, the Liberal Party is losing popularity and has reached a historic low of 16% since the beginning of 2014.
Pierre Poilievre receives significant support, apparently for having a corresponding vision of the current US administration. He is also strictly against the CBDC, actively promoting crypto initiatives and especially the desire to adopt Bitcoin and make Canada a key crypto nation.
“Canada needs less financial control for politicians and bankers and more financial freedom for the people. That includes freedom to own and use crypto, tokens, smart contracts, and decentralized finance.”
This greatly affects the attention of crypto enthusiasts, which in many ways becomes part of his electorate. This is confirmed by Polymarket, where Pierre Poilievre’s victory is estimated at 89% and the trading volume for this contract has almost exceeded $289K.
And while the chances of other candidates are disproportionately smaller, they too are worth noting. In particular, Chrystia Freeland is estimated at 7% with $103.7K and Jagmeet Singh at 2% with $17.3K.
Conclusion
We may be the beginning of a very unusual dynamic around the world. On the one hand, following the US, a lot of countries are making a political shift towards conservative parties, but at the same time, the financial shift is very progressive and actively embracing blockchain technology and cryptocurrencies.
Of course, the coming year could bring political and financial shifts in either direction, but it is likely that the shifts themselves could be very large and numerous. Be aware and stay tuned.
The information provided in this article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Any actions you take based on the information provided are solely at your own risk. We are not responsible for any financial losses, damages, or consequences resulting from your use of this content. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. Read more
