Polymarket Predicts Trudeau’s Resignation by January 10

by

Betting on Polymarket indicates a high likelihood that Canadian Prime Minister Justin Trudeau may step down before the end of the current week. But, news from local media hints at an even earlier resignation by Trudeau.

According to predictions on the decentralized betting platform, there’s approximately an 82% possibility that Prime Minister Trudeau will resign by Friday, January 10. Another forecast suggests a 72% chance he might step down by Wednesday, January 8, while his chances of resigning today, January 6, are currently at 26%.

Trudeau Faces Declining Approval Amid Conservative Surge

According to reports from The Toronto Star and The Globe and Mail, there’s speculation that Prime Minister Trudeau may step down from his position somewhere between January 6th and January 8th. The Globe and Mail has hinted that the departure is expected to occur before the national caucus meeting on Wednesday, although no definite date has been confirmed yet. On the betting platform Polymarket, most wagers favor January 10th as the potential day of his resignation.

If Trudeau steps down, it could be because his personal and his party’s approval ratings are dropping, while the Conservatives are predicted to secure a majority in parliament. This situation would also mean that the Liberals might not have a permanent leader, as they appear to be at risk of suffering a substantial defeat at the hands of the opposition Conservatives.

Trudeau Stays Focused Amid Criticism and Resignation Rumors

Canada’s current Prime Minister has been consistently under fire with criticisms. More recently, US President Donald Trump affectionately called him the “Governor” of the “Grand Province of Canada.” In a post on his Truth platform, Trump made this statement:

I’m eagerly anticipating another meeting with the Governor where we can delve deeper into tariff and trade discussions. I believe the outcomes will be nothing short of sensational for everyone involved!”

“Can’t wait to meet the Governor again soon to discuss tariffs and trade in detail. The outcome should be great for all parties!

In spite of rumors suggesting mockery and resignation, Trudeau has maintained his focus. Yesterday, he shared on his social media platform that approximately a million Canadian families have benefited from reduced child care fees under the national child care program, saving them substantial amounts. He also expressed his intention to keep working towards reducing costs further this year.

2024 marked a significant victory: Almost a million Canadian families experienced a reduction in their childcare expenses. Parents were able to save thousands of dollars, all thanks to our national child care program. In the year 2025, we will continue to lower these costs even further. Here’s to moving forward! This was highlighted by Trudeau.

In the chilly days of December, our prime minister shared some exciting news – for the upcoming two months, a variety of goods across Canada would enjoy a tax-free status. This includes prepared meals, scrumptious snacks, and restaurant bites, offering us Canadians a delightful temporary tax relief.

Last year, Polymarket attracted noticeable interest in political prediction markets thanks to high-profile deals connected to the U.S. Presidential Elections. This boosted the platform’s user base and trading volume significantly, surpassing $9 billion across various contracts. The surge in popularity also caught the eye of the FBI, leading to a Department of Justice investigation into whether American users, particularly Polymarket CEO Shayne Coplan, were implicated.

Read More

2025-01-06 21:27