Wealthsimple is launching Predict, a standalone app that will give Canadian retail investors regulated access to event-contract trading, also known as prediction markets. The app, now in beta, is expected this summer after the Canadian Investment Regulatory Organization authorized Wealthsimple in March to offer forecast contracts.
At launch, Predict will provide access to about 4,000 contracts from U.S. exchange Kalshi, limited to approved categories such as economic indicators, financial markets, and climate-related events. Wealthsimple says the app will include education, disclosures, risk reminders, liquidity warnings, and guardrails, reflecting caution as Canadians gain exposure to this fast-growing market segment.
Want to know more? Check out the source code on Fintech.ca.