“And that’s fair for them because if my objective was to grow Wealthsimple, that’s what I would do.” However, she also shared a whitepaper the company released recently outlining how Wealthsimple envisions regulations around prediction markets, including sports contracts, could work in Canada. The Canadian Investment Regulatory Organization, a national body regulating investment dealers, doesn’t allow prediction market trading on entertainment, sports and politics. “Sports, more celebrity-related events, political events, that’s the bread and butter of the prediction markets, of Kalshi, of Polymarket. Offering expanded prediction market trading wouldn’t just be a play to collect fees on every wager.