Betters on Polymarket anticipated that Canadian Prime Minister Justin Trudeau might step down by the end of the week, but local news sources speculate that his departure could occur earlier than expected.
As a crypto investor, I’ve been keeping an eye on recent news about the potential resignation of Prime Minister Trudeau. The Toronto Star and The Globe and Mail have both published reports suggesting he might step down between January 6th and January 8th. However, these reports also indicate that Trudeau hasn’t made a final decision yet about when he will leave office. On the other hand, some users on Polymarket had already placed their bets on his resignation as early as January 10th. It’ll be interesting to see how this unfolds in the coming days!
The Toronto Star disputes an earlier report by The Globe and Mail that stated Trudeau might resign as early as Monday, January 6th. Instead, according to The Globe and Mail, Trudeau is expected to announce his resignation prior to a Liberal Party gathering scheduled for Wednesday, January 8th.
According to Polymarket betting odds, it’s highly probable that Prime Minister Trudeau will resign by Friday, January 10th. The data suggests an 82% chance of this happening and a 72% likelihood that he may announce his resignation on the 8th of January. It appears that the least likely date for his resignation, based on user predictions, is the 6th of January with only a 26% probability.
Last year saw an increase in Polymarket’s significance, particularly due to popular bets related to the U.S. General Elections. Users of this platform accurately forecasted Donald Trump’s win as President, which brought FBI attention towards Polymarket’s CEO, Shayne Coplan. This prediction also led to a Department of Justice investigation for possible involvement of American users in suspicious activities.
Coplan’s Polygon-based system turned into a bustling center for betting on elections, amassing more than $9 billion in total trading value through various contracts.
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2025-01-06 17:26