What’s in store for Canada as financial firms bet on prediction markets

What’s in store for Canada as financial firms bet on prediction markets

Canadian investors are closer to being able to legally bet on real-world events after Wealthsimple clears a regulatory hurdle

Wealthsimple Clears Regulatory Hurdle to Bring ‘Prediction Markets’ to Canada – Pixel Envy

Meera Raman, Globe and Mail: Wealthsimple is seeking to offer prediction trading in Canada, a controversial type of betting on real-world events that has surged in popularity in the past year, and has been largely banned in this country. […] The approval for Ontario-based Wealthsimple permits it only to offer contracts tied to economic indicators, financial markets and climate trends, the company confirmed – not sports or elections, which are a…

Wealthsimple gets the go-ahead to launch prediction markets trading in Canada

While sports and elections remain off-limits, the move could mean broader adoption of the controversial betting markets