Kalshi Makes Canada Debut With Wealthsimple Partnership

Wealthsimple Brings Kalshi to Canada

Kalshi is entering Canada through a partnership with Wealthsimple. The Toronto-based financial services company plans to launch Wealthsimple Predict. The new service will let Canadian users trade contracts based on future events.

The launch marks an important step for Kalshi — one of the biggest prediction market companies in the United States. For years, Canada remained out of reach for the company. Regulatory concerns appeared to make expansion difficult. Now, this partnership may provide a way into the market.

About 4,000 Contracts Will Be Available

Wealthsimple said the new service responds to growing customer interest. Users will be able to access around 4,000 different contracts. These contracts allow people to trade on what they think may happen in the future. The markets will cover several areas, including:

• Economic data

• Financial events

• Climate-related developments

Prediction markets work by letting users buy and sell contracts tied to future outcomes. The prices often reflect how likely people think an event is. Sports contracts were not included in the announcement. That stands out because sports markets attract strong interest on Kalshi's US business.

Canada Was Previously Left Out

This launch is important because Canada was not part of Kalshi's earlier expansion plans. In 2025, the company opened access in more than 140 countries. Canada was missing from that list. Many industry observers linked that decision to Canada's rules on certain event-based financial products.

The Wealthsimple deal creates another path into the country — without giving users direct access to Kalshi's main service. Supporters say these markets can help predict future events. Critics argue some contracts look similar to gambling products.

Legal Battle Raised Kalshi's Profile

Kalshi became well known after a major legal dispute in 2024. The company fought efforts to stop election-related contracts. After a court battle, Kalshi won and kept those markets available. The case brought national attention to the business — especially before the US presidential election.

Subsequently, the company reported strong growth in activity and user interest. Kalshi has also said many visitors use its services to follow public opinion and event probabilities, rather than place trades.

Prediction Markets Continue to Expand

The launch adds another service to Wealthsimple's growing business. The company serves about four million Canadians and manages around CAD 125 billion in assets. Hence, the new offering could attract attention from investors, regulators, and market watchers.

More broadly, the deal shows how prediction markets continue to spread outside the United States. Canada is now opening the door to the sector — and the industry will be watching closely to see what happens next.