The political scenario in Canada has drawn attention from users of the cryptocurrency betting platform Polymarket, actively discussing the potential resignation of Prime Minister Justin Trudeau.
Situation in Canada
According to local media reports, Justin Trudeau is expected to announce his resignation as the Liberal Party leader at a press conference on January 6. This decision comes amid mounting political pressure and the resignation of Deputy Prime Minister Chrystia Freeland in December 2024, who cited policy disagreements with Trudeau, including disputes over potential tariffs from U.S. President Donald Trump.
Impact on Polymarket
Rumors of Trudeau’s resignation have fueled interest in political betting on Polymarket, where the probability of his resignation by the end of January 6 is assessed at 80%. Polymarket gained attention for wagers on global events but faces concerns over high-stakes bets influencing the platform's outcomes.
Legal Aspects and Taiwan Allegations
Previously, Polymarket has faced legal scrutiny. Prosecutors in Taiwan charged a man, identified as 'Chen,' for using the platform to bet on the country's 2024 presidential election outcomes, violating local laws. Chen admitted guilt and received deferred prosecution for one year with a fine of 30,000 yuan (approximately $4,000).
The situation surrounding Justin Trudeau's potential resignation remains a focal point, highlighting the influence of global political events on platforms like Polymarket.
