Prediction markets are heading north. Wealthsimple, Canada’s largest online brokerage, is teaming up with Kalshi to launch Wealthsimple Predict, a dedicated app that will give Canadian investors access to nearly 4,000 event contracts for the first time through a regulated platform.
The product is set to go live in summer 2026, making Wealthsimple the second entity in Canada, after Interactive Brokers Canada, to offer forecast contracts under the country’s evolving regulatory framework. It’s a meaningful milestone for a country that banned short-term binary options back in 2017 due to fraud concerns.
What Wealthsimple Predict actually does
You buy a contract that pays $1 if a specific event happens and $0 if it doesn’t. The market price at any given moment reflects what traders collectively believe the probability of that outcome is.
If a contract on whether Canadian inflation will exceed 3% next month is trading at $0.65, the market is essentially saying there’s a 65% chance it happens. Buy at $0.65, and you pocket $0.35 per contract if you’re right.
