Pierre Poilievre, a Bitcoin proponent and the leader of Canada’s Conservative Party, has emerged as the front-runner to become the country’s next prime minister based on Polymarket’s chances.
Predictions on the decentralized platform show, Poilievre has an 89% chance of winning, slightly down from the previous 92%. His closest rivals Chrystia Freeland and Jagmeet Singh lag significantly behind with 5% and 2% odds respectively.
Meanwhile, odds have risen on the US-based prediction platform Kalshi paints a very different picture, with Freeland in the lead with a probability of 45%, followed by Mark Carney with 25%, while Poilievre’s chances are much lower at 16%.
Prime Minister Justin Trudeau recently announced that he will step down as leader of the Liberal Party and then as Prime Minister once a successor is chosen. Interestingly enough, Polymarket bettors accurately predicted Trudeau’s resignation within this week.
Why Poilievre appeals to crypto enthusiasts
Poilievre’s vocal support for crypto has earned him a devoted following within the Canadian blockchain community. A supporter of the emerging industry, he has consistently opposed the idea of a central bank digital currency by supporting Bill C-400.
His vision for Canada also includes transforming the nation into a leading blockchain hub and using Bitcoin to tackle economic challenges such as inflation.
Additionally, Poilievre’s ties to crypto further strengthen its credibility in the space. In 2022, Poilievre reportedly invested in Purpose Bitcoin, a Canadian exchange-traded fund focused on crypto.
While it remains unclear whether he will retain these assets, his track record reflects his commitment to integrating digital assets into the country’s financial landscape.
Since entering parliament in 2004, Poilievre has championed policies that emphasize smaller government, economic independence and individual freedoms. In one interviewhe said his campaign for the next election would be:
‘Abolish the tax. Build the houses. Correct the budget. Stop the crime.”
This approach has resonated with Canadians looking for alternatives to the current government, which they have criticized for their economic problems.
