TORONTO, ON - June 18, 2026 — Today, Wealthsimple announced the release of Wealthsimple Predict, providing retail investors the ability to trade event contracts on Kalshi. The standalone application is scheduled to launch this summer. Through the app, users will have access to approximately 4,000 Kalshi event-based contracts in categories Wealthsimple is authorized to offer in the Canadian market, specifically climate, financial markets, and economic indicators.
“Prediction markets are the fastest-growing segment of global financial markets, letting traders turn an opinion into a position on the factors that shape our world – where inflation is headed, what happens to rates, or how the year unfolds. Until now, Canadians have had limited access,” said Brett Huneycutt, co-founder and Chief Product Officer, Wealthsimple. “Wealthsimple Predict gives Canadians a clean, well-designed way to access these markets, with education and guardrails built in from day one.”
“Kalshi was founded on a simple belief: views on the future should have markets, and those markets should be available to everyone,” said Alex Cuoci, Kalshi. “That's why we're partnering with Wealthsimple, Canada's leading financial innovator - to give everyday investors in Canada access to fair, secure, and regulated prediction markets.”
Responsible Innovation
Prediction markets let you trade on the outcome of real-world events. Each contract poses a yes or no question — for example, will Canada's inflation rate rise in Q3? — and settles at $1 if the answer is yes, or $0 if no. The price of a contract at any given time reflects what the market collectively thinks the probability of that outcome is: a contract trading at $0.70 implies a 70% probability that the event will resolve to a “Yes” outcome. A trader can buy or sell contracts before settlement as new information moves the market.
In March, the Canadian Investment Regulatory Organization (CIRO) authorized Wealthsimple to offer event and forecast contract trading, also known as prediction markets. These contracts are regulated as futures contracts (derivatives). The approval covers contracts with a 30-day settlement period or longer, within the categories of economic indicators, financial markets, and climate. Wealthsimple is the second investment dealer to receive regulatory approval from CIRO for prediction markets.
To access trading through Wealthsimple Predict, new clients must complete a standard Know Your Client (KYC) process. Education is built into every stage of the experience, including a guided orientation of a client's first trade. The app also shows users key disclosures and definitions, including trading risk reminders, contract resolution information, notices that positions can be sold at any time, and liquidity risk warnings on lower-activity markets. Wealthsimple Predict will only be available to Canadian residents.
Kalshi is authorized to operate in the United States as an event contracts exchange, with federal authority from the Commodity Futures Trading Commission (CFTC), the regulatory authority for the U.S. derivatives market. Prediction markets follow the same regulatory framework applied to other financial assets traded in the U.S., such as equities, bonds, and traditional derivatives, with clear rules for price formation, settlement, and governance.
