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New Canadian P.M. Carney Closes Gap on Polymarket with BTC-Friendly Poilievre

Newly elected Canadian Prime Minister Mark Carney, who recently won a leadership contest of the Liberal Party to replace Justin Trudeau , has dramatically increased his odds of winning the next federal election in the eyes of Polymarket bettors. Carney now has a 49% chance of winning the next Canadian election, compared to 26% a month ago. Conservative opposition leader Pierre Poilievre`s chances are at 51%, down from 72% in February. The next Canadian federal election is scheduled to occur on October 20, 2025. However, under Canada`s Westminster system, if the opposition Conservatives and NDP jointly vote against the minority Liberal government on a confidence motion after Parliament resumes from prorogation on March 24, requested by Trudeau on Jan. 6 , as he announced his resignation plans pending a new Liberal leader, the government would fall, triggering an election. Carney closing the gap against Poilievre on Polymarket – despite a lag between prediction markets and the polls – echoes what the polls are showing. The Conservatives are just one percentage point ahead of the Liberals, according to Canadian pollster Nanos Research , down from nearly a 16-point lead a month ago according to a polling average. Observers credit this dramatic shift to trade threats from the U.S., with pollsters indicating Canadians prefer Carney`s business sense and central bank experience over his opponent. This is all a bit of a contrast to last year`s U.S. election, where prediction markets consistently showed that then-Republican candidate Donald Trump had a lead over his Democratic opponents. The election result, as CoinDesk wrote in an editorial at the time , was only a surprise to those who get their information from CNN. Crypto on the Canadian campaign trail? Crypto doesn`t seem to be a major plank of a hypothetical Canadian election. While Poilievre holds a Canadian-issued BTC ETF , according to disclosures, and has previously made pro-blockchain and crypto comments , most of the campaign rhetoric appears to be about the trade war. Likewise, Carney, who has made mixed if not skeptical comments on crypto in his role as Bank of England governor hasn`t yet spoken about the topic in his new role as Liberal leader. Crypto Potato

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US Judge Grants Motion Expanding Three Arrows Capital’s Claim Against Bankrupt Exchange FTX to $1,530,000,000

A US judge is granting a motion to greatly expand the claim of the failed crypto hedge fund Three Arrows Capital (3AC) against the defunct crypto exchange FTX. According to new court filings, a judge is granting an expansion to 3AC’s claim against FTX, bringing its total up to a staggering $1.53 billion from just $120 million. The document says that FTX, which went bankrupt in 2022 under the leadership of chief executive Sam Bankman-Fried, liquidated $1.53 billion worth of 3AC’s assets on the platform just two weeks before 3AC went under itself. “Liquidators had learned that as of June 12th, 2022, 3AC had approximately $1.53 billion of assets on the FTX platform, and that between the close of business on June 12th, 2022, and the close of business on June 14th, 2022, nearly all of those assets were liquidated. The Liquidators’ analysis further showed that as of the close of business on June 12th, 2022, 3AC had a purported liability (called a ‘negative USD balance’) of approximately $1.3 billion which, in the Liquidators’ view, 3AC’s assets were liquidated to eliminate. In other words, the information obtained by the Liquidators in the year since they filed their Original POC led them to the new conclusion that just two weeks before the commencement of the 3AC Liquidation, the $1.53 billion of assets that 3AC had on the FTX platform were liquidated to satisfy $1.3 billion in liabilities to FTX.” 3AC was hit hard and subsequently failed to meet its margin calls after the Terra (LUNA) ecosystem collapsed in 2022, causing $40 billion to vanish from the digital assets industry. Around that time, 3AC was hit with a notice of default on a $665 million debt owed to the crypto hedge fund Voyager Digital. FTX also went bankrupt after the collapse of Terra. Bankman-Fried was later found guilty of defrauding investors and mishandling billions of dollars worth of customer funds. He was found guilty in 2023 and sentenced to decades behind bars. Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post US Judge Grants Motion Expanding Three Arrows Capital’s Claim Against Bankrupt Exchange FTX to $1,530,000,000 appeared first on The Daily Hodl . Crypto Potato