Crypto
Wealthsimple to launch Kalshi-based prediction market app in Canada
Canadian fintech company Wealthsimple will launch a Kalshi-based prediction market app, Wealthsimple Predict, this summer. Canadian retail investors will be able to trade about 4,000 event contracts linked to financial markets, economic indicators and climate through the app. CIRO approved Wealthsimple in March to offer prediction market contracts, making it the second investment dealer allowed to do so in Canada. The contracts are regulated as derivatives and have a minimum settlement period of 30 days.
