Wealthsimple Launches 4,000-Contract Predict App With Kalshi for Canada
Updated
Updated · news.kalshi.com · Jun 18
Wealthsimple Launches 4,000-Contract Predict App With Kalshi for Canada
3 articles · Updated · news.kalshi.com · Jun 18
Summary
Wealthsimple said its standalone Predict app will launch this summer, giving Canadian retail investors access to about 4,000 Kalshi event contracts.
CIRO authorized Wealthsimple in March to offer these prediction markets as futures contracts with settlement periods of 30 days or longer in climate, financial markets and economic indicators.
Each yes-or-no contract settles at $1 or $0, with market prices implying probabilities—such as $0.70 signaling a 70% chance of a “Yes” outcome.
Wealthsimple said access will be limited to Canadian residents who complete KYC checks, with built-in orientation, risk disclosures and liquidity warnings for thinner markets.
The launch makes Wealthsimple only the second investment dealer approved by CIRO for prediction markets, expanding a market the company says Canadians previously had limited access to.