Wealthsimple brings 4,000 Kalshi prediction market contracts to Canada
Wealthsimple has secured approval to offer roughly 4,000 prediction market contracts in Canada, expanding retail access to event-based trading through a new partnership with Kalshi. According to Wealthsimple, the company plans to launch a standalone prediction markets platform called Wealthsimple Predict this summer, giving Canadian investors access to thousands of contracts listed by Kalshi across categories such as financial markets, economic data, and climate-related events. Prediction markets are coming to Canada. For the first time, millions of Canadians will be able to trade whats next through Wealthsimple. The rollout follows authorization from the Canadian Investment Regulatory Organization in March. Under the approval, Wealthsimple became the second investment dealer permitted to offer prediction market contracts in Canada. CIRO said the products will be regulated as derivatives and must carry settlement periods of at least 30 days. Wealthsimples launch arrives as prediction markets continue to attract attention from regulators, lawmakers, and traditional exchanges in several countries. While Canadian authorities have allowed the products under an established derivatives framework, regulators elsewhere remain divided over how such contracts should be classified. Kalshi expands beyond prediction markets At the same time, Kalshi has continued pushing into crypto-linked derivatives. The company announced on Thursday that its perpetual futures products are now available for