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Does Wealthsimple want to add sports, politics to its new prediction markets product?
['Canadian Press']
Medicine Hat News
Does Wealthsimple want to add sports, politics to its new prediction markets product?
The Toronto-based financial services company started offering prediction markets last month.
“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.
Offering expanded prediction market trading wouldn’t just be a play to collect fees on every wager.