Polymarket check, Schwab entry – latest prediction market news

What does it mean Kalshi–Wealthsimple Does partnership mean the future of the Canadian forecasting market? According to former Wealthsimple head of legal Evan Thomas, the launch demonstrates that Canadian securities regulators can provide a viable avenue for prediction markets.

He said ReadWrite: « The announcement shows that the Canadian securities regulatory framework can work as a real route to market for prediction markets platforms. From the perspective of Canadian market participants, they will have access to Kalshi’s liquidity and they will have access to a wide range of contracts, even with the category restrictions. And they will do so through a CIRO-registered dealer with the investor protection framework that comes with it. »

“On the exchange side, Kalshi is a registered contract market registered by the CFTC, so the contracts themselves are subject to the agency’s regulatory framework, which is at the forefront of developing oversight for prediction markets.

£The announcement does not change the analysis of the sport. The offering is limited to economic indicators, financial markets and climate, the categories permitted by CIRO. Kalshi’s sports and electoral contracts do not come through this channel, at least at the moment.

« So when it comes to sports prediction markets in Canada, the picture is the same. If contracts for sporting events are coming to Canada, the more likely route is still through the provincial gaming regulators. »