Wealthsimple has received regulatory approval to offer limited prediction market trading in Canada, marking a significant development for the emerging sector. The Canadian Investment Regulatory Organization has authorized the Toronto fintech to introduce “forecast contracts” tied to economic indicators, financial markets, and climate trends.
Popular categories such as sports and elections remain prohibited. The move comes as global prediction market volumes surge, with billions traded annually. Legal experts say the approval could support broader adoption under regulated conditions. Wealthsimple has not confirmed launch timing, while regulators continue to monitor risks associated with the products.
Want to know more? Check out the source code on The Logic.