Canadian Prime Minister Justin Trudeau announced that he would step down as the leader of the Liberal Party and resign from his position as prime minister once a successor is chosen. This revelation came after several weeks of mounting speculation about Trudeau’s future,

Canadian politician Pierre Poilievre became the favorite of Polymarket bettors to become the country's next prime minister after the federal elections following Justin Trudeau's resignation on Monday.

Polymarket bettors predict Justin Trudeau's resignation by January 10 with 82% probability, amid declining approval ratings and Conservative surge in Canadian politics.