Polymarket bets on Mark Carney for PM as Canadians head to the polls

Many polls and betting platforms favor Liberal Party candidate Mark Carney over the Conservative Party’s Pierre Poilievre in the snap election for Canada’s next prime inister.

Crypto users betting on the outcome of the snap election to determine Canada’s next prime minister appear to be favoring a Liberal Party victory as residents head to cast their votes.

As of April 28, cryptocurrency betting platform Polymarket gave current Canadian Prime Minister and Liberal Party candidate Mark Carney a 79% chance of defeating Conservative Party candidate Pierre Poilievre in the race to become the country’s next PM. Data from the platform showed users had poured more than $75 million into bets surrounding the race, predicting a Poilievre or Carney victory.

The odds suggested by the platform, as well as those from many polls, show a sharp change in the two candidates’ prospects since former Prime Minister Justin Trudeau resigned in January. Trudeau and Liberal Party, faced criticism over the handling of Canada’s housing crisis and questions about how he would face US President Donald Trump’s then-proposed tariffs.

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