After Justin Trudeau’s resignation, the likelihood of Pierre Poilievre, a conservative and anti-Central Bank Digital Currency (CBDC) candidate, becoming the next Prime Minister of Canada significantly increased, reaching approximately 92%.
Following nearly a decade in office, Justin Trudeau, the Prime Minister of Canada, officially stepped down after facing increasing criticism towards his government and the Liberal Party of Canada, as reported by CNN.
The news corroborated an exclusive report from The Toronto Star, which was mentioned earlier in our crypto.news update on January 6th.
After the resignation was announced, I found myself aligning with the supporters of Pierre Poilievre in a wager known as “The Next Prime Minister of Canada” on Polymarket.
Or:
Upon hearing about the resignation, I joined forces with Pierre Poilievre’s backers in a bet called “Next Prime Minister of Canada” over on Polymarket.
Through more than $260,800 worth of transactions, the Polymarket agreement predicts with a 92% likelihood that Poilievre will become Canada’s next Prime Minister by October 2025, as indicated by Polymarket data.
It appears that Justin Trudeau has stepped down as Prime Minister, with a high probability (92%) that Conservative leader Pierre Poilievre will take his place in leading Canada.
— Polymarket (@Polymarket) January 6, 2025
Anti-CBDC Poilievre popular on Polymarket
According to Polymarket, Canada’s top contender for Prime Minister has made it clear that he disagrees with some of Trudeau’s policies. For instance, in August, this Conservative hopeful spoke out against the idea of establishing a digital currency managed by the country’s central bank.
A Central Bank Digital Currency (CBDC) serves as an electronic form of national money, overseen and managed by the government, while leveraging the technological foundation of blockchain.
1. Erin O’Toole’s stance on maintaining the availability of physical money and safeguarding Canadian autonomy and confidentiality has been highlighted. His position garnered attention in September when the Bank of Canada paused its Central Bank Digital Currency (CBDC) initiatives. This pro-Bitcoin (BTC) politician has also expressed pro-cryptocurrency opinions, drawing criticism from opponents and colleagues for promoting Canada as a worldwide hub for blockchain technology in 2022.
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2025-01-06 20:00