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Polymarket Bettors Are Confident Justin Trudeau Will Resign by Friday

Published

8 месяцев ago

6 января, 2025

Will he stay, or will he go? For Canadian Prime Minister Justin Trudeau, the latter appears imminent. Now bettors on Polymarket are debating on when exactly he’ll announce his resignation.

While Trudeau resignation contracts aren’t anything new, there are two with low six-figures of volume attached to them asking if he’ll be gone by February or April, and another from December asking if opposition parties will trigger an election by the spring.

The interest in the Canadian Prime Minister’s fate popped up on Monday after scoops from two of Canada’s largest newspapers put his resignation date to be either Monday or before Wednesday.

The Toronto Star says the resignation is coming as early as Monday, while the Globe and Mail, which had it first, said the announcement would come before a national Liberal Party caucus meeting scheduled for Wednesday.

Polymarket bettors are skeptical on whether the announcement could come earlier. One contract, which is betting on Monday has just over $45,000 in volume, and only gives a 24% chance the week will start with Trudeau signing off.

Another, asking if the Prime Minister will step down by Wednesday, gives it a 72% chance but that specific contract has a much smaller volume at around $10,000. Finally, a third, asking if he’ll be gone by Friday puts the chance of that happening at 80%.

While the Toronto Star and the Globe and Mail both have their sources that say a resignation is imminent, Reuters, which it says spoke to someone different, says Trudeau hasn’t yet made up his mind.

Angus Reid, a Canadian pollster, gives the Prime Minister a 22% approval rating. Polling aggregators show that if an election were to be held today, Trudeau’s Liberals would be decimated, only winning 46 seats while the Conservatives would take 225 giving them a majority in Canada’s Parliament.

Elsewhere on Polymarket, bettors are giving a 3% chance that Canada joins the United States as its 51st state by July – an idea that started as a joke on President-elect Donald Trump’s social media accounts.

Business

Crypto Trading Firm Keyrock Buys Luxembourg’s Turing Capital in Asset Management Push

Published

6 часов ago

16 сентября, 2025

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Crypto trading firm Keyrock said it’s expanding into asset and wealth management by acquiring Turing Capital, a Luxembourg-registered alternative investment fund manager.

The deal, announced on Tuesday, marks the launch of Keyrock’s Asset and Wealth Management division, a new business unit dedicated to institutional clients and private investors.

Keyrock, founded in Brussels, Belgium and best known for its work in market making, options and OTC trading, said it will fold Turing Capital’s investment strategies and Luxembourg fund management structure into its wider platform. The division will be led by Turing Capital co-founder Jorge Schnura, who joins Keyrock’s executive committee as president of the unit.

The company said the expansion will allow it to provide services across the full lifecycle of digital assets, from liquidity provision to long-term investment strategies. «In the near future, all assets will live onchain,» Schnura said, noting that the merger positions the group to capture opportunities as traditional financial products migrate to blockchain rails.

Keyrock has also applied for regulatory approval under the EU’s crypto framework MiCA through a filing with Liechtenstein’s financial regulator. If approved, the firm plans to offer portfolio management and advisory services, aiming to compete directly with traditional asset managers as well as crypto-native players.

«Today’s launch sets the stage for our longer-term ambition: bringing asset management on-chain in a way that truly meets institutional standards,» Keyrock CSO Juan David Mendieta said in a statement.

Business

Crypto Trading Firm Keyrock Buys Luxembourg’s Turing Capital in Asset Management Push

Published

6 часов ago

16 сентября, 2025

admin

Crypto trading firm Keyrock said it’s expanding into asset and wealth management by acquiring Turing Capital, a Luxembourg-registered alternative investment fund manager.

The deal, announced on Tuesday, marks the launch of Keyrock’s Asset and Wealth Management division, a new business unit dedicated to institutional clients and private investors.

Business

Gemini Shares Slide 6%, Extending Post-IPO Slump to 24%

Published

6 часов ago

16 сентября, 2025

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Gemini Space Station (GEMI), the crypto exchange founded by Cameron and Tyler Winklevoss, has seen its shares tumble by more than 20% since listing on the Nasdaq last Friday.

The stock is down around 6% on Tuesday, trading at $30.42, and has dropped nearly 24% over the past week. The sharp decline follows an initial surge after the company raised $425 million in its IPO, pricing shares at $28 and valuing the firm at $3.3 billion before trading began.

On its first day, GEMI spiked to $45.89 before closing at $32 — a 14% premium to its offer price. But since hitting that high, shares have plunged more than 34%, erasing most of the early enthusiasm from public market investors.

The broader crypto equity market has remained more stable. Coinbase (COIN), the largest U.S. crypto exchange, is flat over the past week. Robinhood (HOOD), which derives part of its revenue from crypto, is down 3%. Token issuer Circle (CRCL), on the other hand, is up 13% over the same period.

Part of the pressure on Gemini’s stock may stem from its financials. The company posted a $283 million net loss in the first half of 2025, following a $159 million loss in all of 2024. Despite raising fresh capital, the numbers suggest the business is still far from turning a profit.

Compass Point analyst Ed Engel noted that GEMI is currently trading at 26 times its annualized first-half revenue. That multiple — often used to gauge whether a stock is expensive — means investors are paying 26 dollars for every dollar the company is expected to generate in sales this year. For a loss-making company in a volatile sector, that’s a steep price, and could be fueling investor skepticism.