Canadian Prime Minister Trudeau may resign, with Polymarket predicting an 80% chance of resignation before Friday

ChainCatcher news, according to CoinDesk, two major Canadian newspapers, the Toronto Star and the Globe and Mail, have reported that Prime Minister Justin Trudeau is set to resign. The Toronto Star expects the resignation announcement to be made as early as Monday, while the Globe and Mail predicts it will be announced before Wednesday. However, users on the betting platform Polymarket have differing opinions on whether Trudeau will resign early.

According to Polymarket's prediction market, the likelihood of a resignation on Monday is only 24%, the likelihood of resigning before Wednesday is 72%, and the likelihood of resigning before Friday is as high as 80%. The most heavily bet contract is the one predicting Trudeau will resign before this Friday, which has attracted over six figures in funding. Additionally, Reuters reports that Trudeau has not yet made a final decision regarding his resignation. According to polling agency Angus Reid, Trudeau's approval rating is only 22%, and if an election were held immediately, his Liberal Party is expected to win only 46 seats, while the Conservative Party could secure 225 seats, easily winning a parliamentary majority.