Canadian Prime Minister Justin Trudeau is reportedly planning to step back as the leader of the Liberal Party while officials search for a successor.
Rumors About Trudeau's Intentions
As of January 6, cryptocurrency betting platform Polymarket gave its users an 80% chance that Justin Trudeau would resign by the end of the day. A CBC report suggested that the prime minister would announce plans to step down as the leader of Canada’s Liberal Party amid calls for him to resign.
Reactions and Events Surrounding Potential Resignation
Trudeau’s schedule stated that the prime minister would address members of the media on January 6. The potential resignation announcement comes 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 potential tariffs that U.S. President-elect Donald Trump has threatened to impose on Canada.
Polymarket's Role in Predictions
Activity on Polymarket surged in 2024 as many customers used the platform for political bets, including possible outcomes in the U.S. election and Trump’s cabinet picks. Though political bets were only available for users outside the U.S., 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.
