The 2025 Canadian Federal Election will take place tomorrow (Monday, April 28th, 2025). Justin Trudeau stepped down as the Liberal Party leader and Mark Carney is now the new Liberal leader heading into the election. Pierre Poilievre is the Conservative Party leader and it will likely be either Poilievre or Carney who becomes the next Prime Minister of Canada.
The Conservative Party were significant favorites to win the election a few months ago, but with Mark Carney taking over as Liberal leader, and Trump becoming a major concern of Canadians, the Liberals have taken the lead in the polls and are now significant favorites to win the Election.
On this page we explain the options Americans have for betting on the Canadian Federal Election, look at the odds for the winning party, touch on the other bets that can be made, and finish with a step by step guide.
Where Can Americans Bet On The Canadian Election?
Election betting is treated differently than sports betting in the United States. Here are the main options.
Licensed Sportsbooks
No US state allows its licensed sportsbooks, such as DraftKings, FanDuel and BetMGM, to take bets on elections, so these markets are not available at state-licensed sportsbooks.
Prediction Markets
Prediction markets such as Kalshi and Polymarket let you buy and sell contracts on election outcomes. Instead of betting against a sportsbook, you trade with other users, and the price of a contract reflects the market’s view of how likely an outcome is. These platforms operate under federal oversight from the Commodity Futures Trading Commission (CFTC), and the markets they list and the states where they are available can vary.
Offshore Sportsbooks
Offshore sportsbooks offer a wide range of political betting markets and accept bets from across the country. They are not licensed or regulated by any US state, which means Americans who use them have no state regulator to turn to if there is a dispute over a bet or a withdrawal.
Canada Federal Election Odds
Here are the odds for the 2025 Canadian Federal Election (odds taken April 27th, 2025):
Mark Carney and the Liberal Party of Canada are significant favorites to win the election at odds of -425. The odds have swung in the Liberals favor in the past couple months. Pierre Poilievre and the Conservative Party are underdogs with odds of +325 to end the Liberal rule.
There are several other betting markets available for the election including which party will win the popular vote, will the Liberals win a majority, total seats for each party, most seats won in specific provinces, and more.
How To Bet On The 2025 Canadian Election From USA – Step By Step
Whichever option you choose, the process of getting started is similar. Here’s a general guide.
Step 1. Choose Your Option
Decide which type of platform fits how you want to bet. Prediction markets are the regulated way to trade on election outcomes in the US, since licensed sportsbooks do not offer them. Review the options above before signing up.
Step 2. Check The Age and Location Rules
Every platform has its own eligibility requirements. Most prediction markets require you to be at least 18 and will confirm your identity and location when you sign up.
Step 3. Create and Verify Your Account
Sign up with your legal name, date of birth and address. Regulated platforms are required to verify your identity, so you may be asked for the last four digits of your Social Security number or a photo of your ID.
Step 4. Fund Your Account
Deposit using one of the platform’s payment methods, which commonly include debit cards and bank transfers. Check how withdrawals work, and how long they take, before you deposit.
Step 5. Find The Market and Place Your Bet
Navigate to the politics or elections section, select the market you’re interested in, and choose your position. Before confirming, check the price or odds and how much you stand to win, using the bet types explained above as a guide.
Step 6. Set Limits
Decide on a budget before election day and stick to it. Most regulated platforms let you set deposit and time limits in your account settings. If betting stops being fun, help is available 24/7 by calling 1-800-GAMBLER.
If you’re new to betting online I would also suggest reading through some of the beginner articles in our betting guide section.
Tagged With : Canadian Election • Canadian Federal Election