Polymarket bets on Mark Carney for PM as Canadians head to the polls

Many polls and betting platforms favor Liberal Party candidate Mark Carney over the Conservative Party's Pierre Poilievre in the snap election for Canada's next prime inister.

Update (April 29 at 12:40 am UTC): This article has been updated to include information on Elon Musk’s and Brian Armstrong’s citizenships.

Crypto users betting on the outcome of the snap election to determine Canada’s next prime minister appear to be favoring a Liberal Party victory as residents head to cast their votes.

As of April 28, cryptocurrency betting platform Polymarket gave current Canadian Prime Minister and Liberal Party candidate Mark Carney a 79% chance of defeating Conservative Party candidate Pierre Poilievre in the race to become the country’s next PM. Data from the platform showed users had poured more than $75 million into bets surrounding the race, predicting a Poilievre or Carney victory.

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