What is Wealthsimple Predict and how does it work?

Wealthsimple Predict is a new prediction markets app from Wealthsimple that will allow Canadian investors to trade event-based contracts powered by Kalshi. The platform is expected to offer access to approximately 4,000 contracts across financial, economic and climate-related categories.

Why was Wealthsimple allowed to launch prediction markets in Canada?

Wealthsimple received approval from the Canadian Investment Regulatory Organisation in March to offer prediction market contracts. The contracts will be regulated as derivatives and must have settlement periods of at least 30 days.

What types of contracts will be available on Wealthsimple Predict?

Wealthsimple Predict will offer contracts linked to financial markets, economic indicators and climate-related events. These products allow investors to take positions on the outcome of specific future events through regulated derivatives markets.

How is Kalshi expanding beyond prediction markets?

Kalshi recently expanded into cryptocurrency perpetual futures trading after entering the crypto derivatives market in May. The company is also facing legal challenges from CME Group over the regulatory classification of those products in the United States.

What regulatory challenges are prediction markets facing globally?

Prediction markets are facing increased scrutiny from regulators in multiple jurisdictions, including Spain, Indonesia, Japan, South Korea and several US states. The main debate centres on whether event contracts should be regulated as gambling products or as financial derivatives.

Image for illustrative purposes only. Not a real photo.

Wealthsimple launches Kalshi prediction markets app

Written by Heidi Cuthbert Published Jun 19, 2026, 1:37 AM

Wealthsimple will launch a Kalshi-powered prediction markets app for Canadian retail investors this summer.
The platform will provide access to about 4,000 event-based contracts following regulatory approval from Canadian authorities.
The launch comes as prediction markets face increasing legal and regulatory scrutiny in multiple countries.

Wealthsimple will launch a standalone prediction markets application this summer, giving Canadian investors access to approximately 4,000 event-based contracts through a partnership with Kalshi.

The rollout follows approval from the Canadian Investment Regulatory Organisation in March, making Wealthsimple the second investment dealer authorised to offer prediction market trading in Canada.

“The contracts will be regulated as derivatives and must have settlement periods of at least 30 days,” according to the Canadian Investment Regulatory Organisation's approval framework.

The platform will offer contracts tied to financial markets, economic indicators and climate-related events, while operating under Canadian derivatives regulations rather than gambling rules.

Kalshi recently expanded into cryptocurrency perpetual futures, and following the announcement Wealthsimple did not disclose financial terms associated with the partnership.

The launch comes as prediction markets face legal challenges globally, with regulators in Spain, Indonesia, Japan and South Korea taking action against platforms including Polymarket and Kalshi.

The broader industry is also facing regulatory uncertainty in the United States, where at least 11 states have challenged prediction markets and CME Group is pursuing legal action against the Commodity Futures Trading Commission over approvals for crypto perpetual futures products.