Prediction trading is coming to Canada
Prediction trading is exploding in popularity, with the industry set to rake in about US$2 billion in revenue this year alone. Companies like Kalshi and Polymarket have popularized the practice, which lets you bet on nearly anything – from Taylor Swift’s marriage status to election outcomes. This past week, Canadian company Wealthsimple cleared hurdles to offer Canadians something similar, but the rules will be different here and a fragmented system makes regulation tricky.
The Globe’s retirement and financial planning reporter Meera Raman broke the Wealthsimple news. She joins us to explain…
The skinny
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