BetMGM Offers Bets on Canadian Politics as Elections Draw Near

As the Canadian elections draw near, BetMGM Canada has launched appropriate markets, bringing political pundits closer to the action. While the odds could change at any time, it seems that BetMGM currently trusts Mark Carney to succeed Justin Trudeau as the head of the Liberals and prime minister of Canada.

However, the company isn’t so sure whether the Liberals will be able to score a win over the Tories.

BetMGM Bullish on Carney Win

As of February 19, BetMGM listed Carney’s odds of becoming the next Liberal leader at a staggering -5000, highlighting his strong momentum. The operator’s prediction is based on Ford’s continued traction and his popularity in the wake of US President Donald Trump harsher tariff politics. As someone preparing to defend Canada’s interests, Ford is a likely successor to Trudeau.

BetMGM lists former finance minister Chrystia Freeland as Ford’s main rival with +1200 odds to win. Next up is former House leader Karina Gould.

In the meantime, the Conservative Party is poised to win the most seats at the following federal election. As of February 19, it stood as the -325 favorite to win the most seats, followed by the Liberals at +225.

These odds seem to suggest that Canadians are fairly certain that Carney will prevail at becoming the next leader of the Liberals but not so much about his party’s chance to win the general election. However, Carney’s potential to become the next lead of the Liberals has been undermining the Tories’ strong poll leadership.

In the meantime, BetMGM also offers markers on who will become the next Governor-General of Canada. Astronaut Chris Hadfield is currently holding the leadership position at +600 to win. Kim Campbell and Jordan Peterson are sitting at +1000 and +2000, respectively.

The odds are likely to continue shifting as the election draws near. Experts predict volatile results depending on how the situation unfolds. However, BetMGM reported that there has been limited interest in such wagers.

Better Times for Political Wagers Might Be Coming

Political betting has been a fairly controversial topic within the industry. While such markets are still fairly niche compared to big sporting events, the recent US elections attracted record-breaking political betting activity.

Critics of the vertical have suggested that it undermines the values of democracy, and some markets have tried to crack down on both direct political betting and prediction markets. However, the recent changes in leadership in the United States suggest that better times might be coming.

President Donald Trump just nominated Kalshi board member Brian Quintenz to chair the Commodities Futures Trading Commission (CFTC). Considering that the Republicans hold the Senate, his appointment seems all but confirmed.

Kalshi, on the other hand, recently appointed the president’s son, Donald Trump Junior, as strategic adviser, further highlighting the growing political traction of prediction markets.