Prediction markets that merchants are betting on easy liberal victory as Canadians go to the polls

Political Bettors on the Polymarket and other platforms are aware of Canada when the nation leads to the polls.

As the country’s 45th election ends, a contract asks Bettors to predict who will be Canada’s next prime minister, the Liberal Party of the Liberal Party a 78% chance, and the conservative Pierre Poolievre a 22% shot.

(Polymarket)

Political bettors are a little more skeptical of Carney’s chances of winning than the polls, but both point in the same direction. A poll Aggregator from the public TV company CBC sets Carney’s chances of 89%.

(CBC)

(CBC)

Myriad Markets, another prediction market, gives Carney similar odds as the polymemarket.

(Myriad.markets)

(Myriad.markets)

Fanduel, a licensed betting platform that opens only to Ontario residents, Canada, initially gave the Conservatives a sharp, counter -70%lead, according to a National Post report. Still, odds have fallen in line with prediction markets, and it now gives the liberals a approx. 80% chance of winning.

Unlike the US election, there is not a crypto angle north with leader’s campaigns focusing on the trade war and inflation.

Too big for rig?

A growing narrative in certain corners of the Internet is that the polyming field is prone to manipulation, and its number is not reliable, criticism that repeats what was said in the last weeks of the US election when the site gave Donald Trump a commanding lead as polls showed a strict race.

Critics say Poilievre’s chances are suppressed and does not reflect the political sense of the population.

However, manipulating prediction markets would be expensive, and there is no credible evidence that this is happening even as the polyming field is banned in Canada’s largest province after a solution with its securities regulator.

Data Portal Polymarket Analytics shows that the Canadian election contract leads the platform in open interest, which is the total value of active, troubled bets and a good target for marketing commitment.

(Polymarket Analytics)

(Polymarket Analytics)

Market data also shows that attitude attitude is quite distributed with the largest owner of poilivers – no side of the Contracting, which owns 6% of all shares and the largest proprietor of Carney – yes, has 5%.

(Polymarket Analytics)

(Polymarket Analytics)

A bettor who bets big on Carney with a six-digit position talking to Coindesk said their motives are non-partisan, saying the quality of Canadian polling makes him sure the liberals will win.

“Poilievre needs a 7-point choice error to win, and I think the likelihood of it is closer to 7% than his current market price of 23C,” Trader Tenadome Coindesk said via an X DM. “The pool of Poilievre -bettors seems to be pretty much very mute money that believes in things like China rigger the polls.”

Currently, the trader with the biggest winnings on the “Ball Sag” contract with a profit of $ 124,890 thanks to the bet on Carney. On the other side of the trade is “Biden4Prez”, which lost just over $ 98,000 – the most out of any trader – bet on poilievre and against Carney.

Read more: Previously, the crypto of the Canadian choice

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