Prediction markets are coming soon
Have a take on the housing market? The weather? Our prediction markets trading app is made for you. Sign up to be notified when it lands.
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FAQs
What is prediction markets trading?
What is prediction markets trading?
Prediction markets, sometimes called an information market or event market, let people trade on the outcome of real-world events. Each contract poses a yes or no question. The price of a contract at any given time reflects what the market collectively thinks the probability of that outcome is. So, if lots of people think the sun will rise tomorrow, the price of a “Yes” contract increases. Each correct contract pays out $1, minus fees. You can learn more at our resource centre.
Is this connected to my Wealthsimple account? Is it the same app?
Is this connected to my Wealthsimple account? Is it the same app?
Wealthsimple Predict is a separate app. If you are an existing Wealthsimple client, you can use the same credentials to log-in and get started. You will not see prediction markets trading accounts in the main Wealthsimple app.
Which contracts will be available on Wealthsimple Predict?
Which contracts will be available on Wealthsimple Predict?
You’ll be able to trade contracts across three categories: financial markets, the economy, and climate. Have a take on when the Bank of Canada will cut interest rates? Or the price of oil? Turn it into a position. We’re one of two brokerages, regulated by CIRO, that can offer this trading product in Canada.
When can I get my hands on the Wealthsimple Predict app?
When can I get my hands on the Wealthsimple Predict app?
This summer! Sign up on this page to get notified once Wealthsimple Predict is available to download.
I want to open a Predict account. Am I eligible?
I want to open a Predict account. Am I eligible?
Eligibility is the same as every regulated trading product in Canada. You must be a Canadian resident — a citizen or hold a valid visa — and you must be over the age of majority in your province. You’ll also need a valid social insurance number, a phone number, and government-issued photo ID.
At sign up, you’ll be asked to complete a KYC (Know Your Client) survey — another regulatory requirement when trading any financial product in Canada.