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Kalshi to launch in Canada through Wealthsimple deal
Toronto-based online financial services company Wealthsimple has established a partnership with Kalshi, aiming to launch a prediction market platform called Wealthsimple Predict in Canada during the summer of 2026.
The announcement comes after Wealthsimple got approval from the Canadian Investment Regulatory Organization in March 2026, making it the second company after Interactive Brokers Group to offer event contracts in Canada.
However, prediction market contracts are very limited in Canada, as the country only allows economic, financial, and climate-related trades, while sports and election outcome contracts are prohibited. Additionally, the country requires all contracts to be settled within a minimum of 30 days.
Vice President of Investing Products at Wealthsimple, Swapnil Parikh, stated:
“We expect that the trajectory of this growth should be no different than what we’ve seen in the US and then around the world, given a lot of other financial products grow the same way in Canada. But we do expect that there’s a large burden on our side to provide the education to our customers as we introduce this asset class.”
Kalshi’s Alex Cuoci shared in a statement:
“Kalshi was founded on a simple belief: views on the future should have markets, and those markets should be available to everyone. That’s why we’re partnering with Wealthsimple, Canada’s leading financial innovator – to give everyday investors in Canada access to fair, secure, and regulated prediction markets.”
The app is expected to offer users around 4,000 Kalshi contracts in authorized categories.
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