Wealthsimple partners with US exchange Kalshi to launch prediction market app

Wealthsimple is officially wading into the prediction markets game with a standalone app this summer. The news: The Toronto FinTech company announced today that it’s releasing Wealthsimple Predict, an app that would give many Canadians their first taste of legal prediction market trading—a type of financial trading that allows users to bet on specific outcomes. Wealthsimple said the app will host nearly 4,000 event contracts through US predictions exchange Kalshi.