Pierre Poilievre, a Bitcoin advocate and the leader of Canada’s Conservative Party, has become the frontrunner to become the country’s next Prime Minister based on Polymarket odds.
Poilievre’s odds of winning have dropped from 92% to 89% on the platform decentralized. He is closely followed by his closest rivals Chrystia Freeland, Jagmeet singh The odds of a lag are 5% and 2% respectively.
Meanwhile, the odds on the US-based prediction platform Kalshi paint a completely different picture, with Freeland in the lead with a 45% probability, followed by Mark Carney at 25%, while Poilievre’s chances are much lower at 16%.
Justin Trudeau announced recently that he will step down from his position as leader of the Liberal Party and then as prime minister once a new Prime Minister is selected. Interestingly, Polymarket bettors had accurately predicted Trudeau’s resignation within this week.
Poilievre is appealing to crypto enthusiasts
Poilievre’s vocal support for crypto has earned him a dedicated following within Canada’s blockchain community. Poilievre has always been an advocate for the new industry and has opposed the idea that a central currency would be issued by a bank. Backing Bill C-400.
In addition, his vision includes Canada becoming a blockchain leader and using Bitcoin as a tool to combat economic problems like inflation.
Moreover, Poilievre’s ties to crypto further bolster his credibility in the space. Poilievre is said to have invested in Purpose bitcoin, an exchange-traded Canadian fund that focuses on cryptocurrency, as early as 2022.
While it remains unclear if he retains these holdings, his track record reflects a commitment to integrating digital assets into the country’s financial landscape.
Poilievre, who entered Parliament in 2004, has been a champion of policies that emphasize smaller government, independence from the federal government and individual freedoms. In an interview he stated that his goal for the next elections would be:
“Axe the Tax. Build the Homes. Fix the Budget. Stop the Crime.”
Canadians have responded well to this approach, as they are looking for alternatives to their current government. They blame it for the economic problems.
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