Canadian Prime Minister Justin Trudeau will reportedly announce he will step back as his political party’s leader until officials choose a successor.
As of Jan. 6, cryptocurrency betting platform Polymarket gave its users an 80% chance that Trudeau would resign by the end of the day. A CBC report suggested that the prime minister would announce he plans to step down as leader of Canada’s Liberal Party amid calls for him to resign.
Polymarket odds on Canadian Prime Minister Justin Trudeau resigning on Jan. 6. Source: Polymarket
Trudeau’s schedule stated that the prime minister would address members of the media on Jan. 6.
The potential resignation announcement would come less than a month after Finance Minister and Deputy Prime Minister Chrystia Freeland said she would step down, citing differences of opinion with Trudeau over how to handle potential tariffs that United States President-elect Donald Trump has threatened to impose on Canada.
Activity on Polymarket surged in 2024 as many customers used the platform for political bets, including possible outcomes in the US election and Trump’s cabinet picks. Though the political bets were only available for users outside the US, many pointed out that a few whales pouring millions of dollars into Polymarket could influence the odds.
This is a developing story, and further information will be added as it becomes available.
