NHL Stanley Cup. The new Wealthsimple Predict app opens nearly 4,000 event contracts to Canadian retail investors — but

Wealthsimple Inc. is partnering with prediction market Kalshi for its new trading product, giving Canadians access to contracts from the largest such platform in the United States and thus allowing them to wager on real-world events.

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If you have a strong take on where the Bank of Canada’s overnight rate is heading, or whether inflation will rise again before year-end, you can now put money on it — legally, in Canada, through a regulated platform.

Toronto-based fintech Wealthsimple is jumping into prediction markets, teaming up with U.S. exchange Kalshi to bring the trend up to Canada. The company announced Wealthsimple Predict, a new standalone app that'll let Canadians trade event contracts on Kalshi once it launches this summer.

The Toronto-based firm received approval in March and follows Interactive Brokers Group Inc., which announced the launch of Canadian prediction markets more than a year ago. Wealthsimple manages more than C$100 billion ($72.4 billion) in assets under administration.

Online investment company Wealthsimple is launching a new prediction market platform in Canada by partnering with Kalshi.

The prediction market phenomenon is creeping north to Canada. Toronto-based Wealthsimple announced its new “Wealthsimple Predict” platform Thursday, which will allow for the trading of event contracts via a partnership with U.S. prediction market ...

Wealthsimple is partnering with U.S.-based prediction market Kalshi for a new trading product that would enable Canadians to wager on real-world events. The stand-alone app, Wealthsimple Predict, will be released later this summer, but there isn’t a specific launch date.