Poilievre Loses Ottawa Seat as Liberals Secure Minority Government

Pierre Poilievre, a prominent supporter of Bitcoin, lost his seat in the Canadian Parliament during a recent election. The Liberal Party, led by Mark Carney, secured enough seats to potentially form a minority government with approximately 162 seats, despite forecasts suggesting they might achieve a majority with 172 seats.

Key points from the election results include:

Poilievre lost to Liberal candidate Brunce Fanjoy in the Ottawa area.
Votes are still being counted; final seat allocation remains uncertain.
The Liberals may need support from other parties to pass legislation.
A non-confidence motion from Conservatives could trigger another election.

Unlike the U.S. elections, where crypto was a significant factor, discussions around cryptocurrency were limited in Canada during this election cycle, despite its importance to some Conservative MPs. A betting market on Polymarket for predicting the next Prime Minister saw over $100 million in volume.