None
EN
Does Wealthsimple want to add sports, politics to its new prediction markets product?
['Canadian Press']
The Lethbridge Herald – News and Sports from around Lethbridge
Does Wealthsimple want to add sports, politics to its new prediction markets product?
“And that’s fair for them because if my objective was to grow Wealthsimple, that’s what I would do.”
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.