Wealthsimple Clears Regulatory Hurdle to Bringing Prediction Trading to Canada

Wealthsimple receives regulatory approval to offer prediction markets to investors

Wealthsimple has received regulatory approval to offer investors the opportunity to trade on the outcomes of future events.

Wealthsimple clears regulatory hurdle to bringing prediction trading to Canada

Approval for online financial services platform permits it only to offer contracts tied to economic indicators, financial markets and climate trends

Wealthsimple gets regulatory green light to get in on prediction markets

It's the second firm in Canada to receive approval to offer futures and forecast contracts The post Wealthsimple gets regulatory green light to get in on prediction markets appeared first on Investment Executive.

Wealthsimple gets regulatory approval to enter prediction markets

Wealthsimple has received initial approval to enter prediction markets, a controversial form of futures trading that has earned multi-billion dollar valuations for US firms like Kalshi and Polymarket.  First reported by The Globe and Mail, the Toronto-based FinTech company has been approved by the Canadian Investment Regulatory Organization (CIRO) to offer “futures and forecast contracts tied to economic indicators, financial markets, and climat…