Last updated: October 13, 2026. Reviewed quarterly. Are prediction markets gambling in Canada? It depends on the contract and who offers it. Securities regulators authorize a narrow set of economic, financial, and climate contracts, and they have ruled sports and entertainment contracts out. British Columbia’s gambling regulator says sports contracts are gambling. No Canadian court…
Last updated: October 2, 2026. Reviewed quarterly. What are the best prediction market platforms for Canadians? Today, only two qualify as legal, regulated options: Wealthsimple Predict and Interactive Brokers ForecastTrader. Both are CIRO-authorized dealers. In short, Wealthsimple suits beginners, while Interactive Brokers suits existing clients who want a broker-style account. Every other prediction market app…
Last updated: October 2, 2026. Reviewed quarterly. What is the difference in prediction markets vs sports betting? At a sportsbook, you bet against the house at odds it sets. On a prediction market, you trade against other people at a price the crowd sets. Canada widens the legal gap further. Provinces regulate sports betting, while…
Last updated: October 2, 2026. Reviewed quarterly. Is Kalshi in Canada yet? Not directly. Canadians cannot open a Kalshi account themselves. Instead, one route exists: Wealthsimple Predict, a CIRO-authorized app that offers about 4,000 Kalshi-sourced contracts. Those contracts are limited to economic indicators, financial markets and climate. Sports and election contracts are not available. That…
Last updated: October 2, 2026. Reviewed quarterly. Is Polymarket legal in Canada? Not in Ontario, where an Ontario Securities Commission (OSC) settlement bars its operators. Polymarket also now blocks new trades in Alberta, British Columbia, and Quebec. Elsewhere in Canada, it has no securities regulator approval at all. In short, no province has approved it….
Last updated: September 9, 2026. Reviewed quarterly. Short answer: a prediction market works like a small exchange for future events. Traders post buy and sell orders. The exchange matches them. When the event resolves, winning contracts pay one dollar each, and losing contracts expire at zero. This guide walks through each step. If you want…
Last updated: August 30, 2026. Reviewed quarterly. Short answer: a prediction market is an exchange where people trade contracts tied to the outcome of a future event. Each contract pays a fixed amount if the event happens and nothing if it does not. The price of the contract is the crowd’s estimate of the probability….
Last updated: August 13, 2026. Reviewed quarterly. This Wealthsimple Predict review covers both sides of a product that deserves more scepticism than its packaging invites. Short verdict: it is a well-built app. Canadians get roughly 4,000 contracts on economic, market and climate events, from a firm four million people already trust with their retirement savings….
Last updated: September 11, 2026. Reviewed quarterly. Are prediction markets legal in Canada? Here is the short answer: partly. Since March 2026, two authorized investment dealers may offer Canadians a narrow set of event contracts. Categories stay limited to economic indicators, financial markets and climate, each with a minimum 30-day term. Sports, elections and entertainment…
Last updated: September 11, 2026. We review this guide every quarter and within 48 hours of any major regulatory or platform change. Prediction markets arrived in Canada in 2026. In March, the country’s investment regulator opened a narrow door. In July, Wealthsimple walked through it with a consumer app. As a result, Canadians who once…