Wealthsimple Launches Kalshi-Powered Wealthsimple Predict App for Canadian Event Contracts

Wealthsimple said it will introduce a beta version soon and a new app, Wealthsimple Predict, this summer, giving Canadian retail investors access to event contracts through Kalshi, a U.S. prediction market platform.

“Wealthsimple is officially wading into the prediction markets game with a standalone app this summer”

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The app is set to offer access to about 4,000 event-based contracts tied to categories Wealthsimple is allowed to offer in Canada, specifically climate, financial markets, and economic indicators, with “no” to sports and politics event contracts due to Canadian regulatory constraints.

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Kalshi’s contracts available through Wealthsimple Predict are regulated as derivatives, with CIRO approval in March and a settlement period of 30 days or longer, according to the companies’ announcements.

Wealthsimple co-founder and Chief Product Officer Brett Huneycutt said, “Until now, Canadians have had limited access,” and added that Wealthsimple Predict “gives Canadians a clean, well-designed way to access these markets, with education and guardrails built in from day one.”

Wealthsimple vice-president of investing products Swapnil Parikh said the company “does believe that there is a global demand for a product like this,” while also noting that Wealthsimple will limit prediction market trading to economic, financial or climate matters.

The Canadian rollout follows CIRO authorization in March, and the app’s structure is designed around regulatory limits, including that contracts must have settlement periods of 30 days or longer and be restricted to pre-approved categories.

Wealthsimple said new clients must complete a standard Know Your Client (KYC) process, and the app includes “key disclosures and definitions, including trading risk reminders” and “liquidity risk warnings on lower-activity markets.”

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In the U.S., the regulatory fight centers on whether federal derivative laws pre-empt state gaming laws, with the article describing a core legal dispute in several states about CFTC-registered prediction market platforms and state gaming laws.

A lawyer advising fintech clients, Evan Thomas, said, “To me, the question is whether the Ontario and Alberta gaming regulators and policymakers are open to prediction markets involving sports,” and he added that if regulators were open, a platform could become a registered iGaming operator.

The partnership also arrives as Polymarket faces a ban in Ontario after a settlement with the Ontario Securities Commission in 2025, with the ban running until 2027, while the article notes that Interactive Brokers Canada Inc. is the only other CIRO Investment Dealer Member authorized to allow trading in event contracts.

Wealthsimple Predict is positioned as a regulated alternative for Canadians who previously had limited access to prediction markets, including those who used VPNs to hide geographic location when platforms were not broadly approved for Canadian retail trading.

“Wealthsimple brings prediction markets to Canada in new Kalshi deal Posted on: June 18, 2026, 11:31h”

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The Globe and Mail said the app will provide users access to nearly 4,000 contracts trading on Kalshi as a subset of the exchange’s offerings, and it will not include Kalshi branding, while also noting that Canadians will be limited to categories permitted under CIRO rules.

The Globe and Mail also reported that the approval stipulates that only event contracts with a term to maturity of 30 days or longer may be offered, and it said Canadians using Wealthsimple Predict will not be able to trade on contracts tied to sports outcomes or elections.

Wealthsimple chief legal officer Blair Wiley said the company’s role is “mostly to inform rather than restrict users,” and he added, “The vast majority of clients are very good risk managers on their own.”

The stakes for the product’s expansion are tied to what regulators will allow, and the article quotes Wealthsimple’s Swapnil Parikh saying the company will “continue to engage with regulators as this space grows in Canada,” while also describing that Wealthsimple chose Kalshi because it is regulated by the Commodity Futures Trading Commission and gives Wealthsimple full control over which event contracts to list.