Canadian Banks Restrict Staff From Wealthsimple's Prediction Markets

Canadian banks restrict employees’ use of prediction markets

Newly launched exchanges allow users to wager on events such as Bank of Canada interest rate decisions or corporate earnings metrics, and spark regulatory concerns

Canadian Banks Restrict Staff From Wealthsimple's Prediction Markets

Securities lawyers say betting markets tied to unreleased corporate data create a legal gray zone Canada's insider-trading rules aren't yet built to cover.