As Canadians head to the polls, cryptocurrency users on Polymarket are overwhelmingly betting on a Liberal Party victory, with Mark Carney holding a 79% chance of becoming Canada’s next prime minister over Conservative candidate Pierre Poilievre.
The prediction market has seen over $75 million wagered on the outcome, reflecting confidence in Carney following former PM Justin Trudeau’s resignation and a turbulent campaign season marked by U.S. trade tensions. Despite neither candidate placing much emphasis on cryptocurrency during the election, Poilievre’s early pro-blockchain stance and past endorsements from Elon Musk and Coinbase’s Brian Armstrong have drawn attention from the crypto community. However, Carney’s record as a Bitcoin skeptic and advocate for central bank digital currencies has not dented his lead.
Analysts say Trump’s imposition of tariffs and inflammatory rhetoric toward Canada may have bolstered Carney’s appeal as a steady hand in global diplomacy. With final results expected by April 30, all eyes remain on whether Polymarket bettors called it right.
Source: Swifteradio.com
