Overview
- Wealthsimple announced on June 18 that it is beta testing Wealthsimple Predict and plans a summer launch that will give Canadian residents access to roughly 4,000 event contracts listed on U.S. exchange Kalshi.
- The Canadian Investment Regulatory Organization approved prediction‑market trading in March under a derivatives framework that requires contracts to settle in 30 days or more and restricts listings to economic indicators, financial markets and climate.
- New users must complete Know Your Client checks and the app will include built‑in education, risk disclaimers and contract resolution information to help people understand how yes‑or‑no event contracts work.
- Platform and regulator concerns about insider trading and manipulation have led Kalshi to add employer disclosures, risk scoring and surveillance tools, and recent prosecutions of suspicious trades have driven tighter controls.
- Prediction markets have expanded rapidly — Kalshi and Polymarket had about $24 billion in combined monthly volume by April 2026 — but Canada’s category limits and the exclusion of sports and pop culture may reduce appeal for casual gamblers.