New standalone app, Wealthsimple Predict, will give Canadians access to nearly 4,000 contracts trading on Kalshi, the leading U.S. predictions exchange
Toronto, Ontario–(Newsfile Corp. – June 18, 2026) – Wealthsimple today announced the upcoming launch of Wealthsimple Predict, a new standalone app that will give Canadian retail investors access to prediction markets trading. The app, currently in beta testing, is set to launch this summer.
At launch, the app will offer access to nearly 4,000 event contracts trading on Kalshi, the leading U.S. predictions exchange. These contracts represent a subset of Kalshi’s listings that fall within the categories Wealthsimple is authorized to offer in Canada – economic indicators, financial markets, and climate – and meet Wealthsimple’s listing standards.
Wealthsimple to Launch Prediction Markets Trading App
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“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 – where inflation is headed, what happens to rates, or how the year unfolds. Until now, Canadians have had limited access,” said Brett Huneycutt, co-founder and Chief Product Officer, Wealthsimple. “Wealthsimple Predict gives Canadians a clean, well-designed way to access these markets, with education and guardrails built in from day one.”
Prediction markets enable participants to trade on the outcome of real-world events. Each contract poses a yes or no question — for example, will Canada’s inflation rate rise in Q3? — 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: for example, a contract trading at $0.70 implies 70% probability that the event will resolve to a “Yes” outcome. Clients can buy or sell contracts before settlement, so positions can be exited as new information moves the market.
To access trading through Wealthsimple Predict, new clients must complete a Know Your Client (KYC) process, consistent with the standard for self-directed brokerage accounts. Education is built into every stage of the experience, 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.
