In March, the Canadian Investment Regulatory Organization authorized Wealthsimple to offer event and forecast contract trading—better known as prediction markets.
As a follow-up, Wealthsimple this month announced the upcoming launch of Predict.
The forthcoming standalone app will give Canadian retail investors access to prediction markets trading, which has been blowing up in the US.
The app, currently in beta testing, is set to launch this summer, according to cofounder Brett Huneycutt.
“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,” says Huneycutt, who serves his company as chief product officer.
But, “Canadians have had limited access,” he says, “Until now.”
At launch, the app will offer access to 4,000 event contracts trading on Kalshi, the leading U.S. predictions exchange.
Wealthsimple won’t offer all Kalshi contracts, such as those oriented around violence. Rather, the fintech will tap “a subset of Kalshi’s listings that fall within the categories Wealthsimple is authorized to offer in Canada … and meet Wealthsimple’s listing standards,” such as economic indicators, financial markets, and climate-related events.
“Wealthsimple Predict gives Canadians a clean, well-designed way to access these markets, with education and guardrails built in from day one,” Huneycutt stated.
Each contract poses a yes or no question and settles at $1 if the answer is yes or $0 if it isn’t. 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 70% probability that the event will resolve to “Yes.”
Education is “built into every stage of the experience,” according to a statement from Wealthsimple, 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 was in February named 2026 CIX Innovator of the Year after gaining 650,000 clients and doubling assets to more $100B in 2025.
Client growth has come steadily as the firm continues to frequently add new features to its platform, and a big part of Wealthsimple’s successful last year was raising nearly $1B at a $10B valuation (by far 2025’s largest fintech investment round).
Leave a Reply