Wealthsimple Partners With Kalshi to Launch Prediction Markets in Canada
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Wealthsimple, the Canadian online financial services platform, is expanding into prediction markets.
The company said June 18 that it plans to launch a new prediction-market service in Canada through a partnership with Kalshi, according to BlockBeats and other reports.
Through a separate app called Wealthsimple Predict, the company plans to offer about 4,000 prediction-market contracts traded on Kalshi. The service is scheduled to launch in late summer.
The offering will be limited to categories permitted under Canadian Investment Regulatory Organization rules. Eligible contracts include those tied to economic indicators, financial markets and climate-related events.
Contracts tied to elections and sports will not be available. Products will also be limited to contracts with maturities of at least 30 days.
