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Wealthsimple partners with Kalshi to launch prediction markets in Canada

2 hours ago

On June 18th, Toronto-based online financial services platform Wealthsimple Inc. announced a partnership with prediction market Kalshi to launch a new trading product enabling Canadian users to wager on real-world events. The firm plans to roll out a standalone mobile app, Wealthsimple Predict, which will grant users access to nearly 4,000 contracts available on Kalshi. While the standalone app is set to launch later this summer, no specific release date has been disclosed. Contracts accessible to Canadian users will be restricted to categories permitted under CIRO regulations: economic indicators, financial markets, and climate-related events, excluding those tied to sports outcomes or elections. Additionally, Wealthsimple Predict will only offer event contracts with a minimum duration of 30 days.
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