Wealthsimple has announced the release of Wealthsimple Predict, providing retail investors the ability to trade event contracts on Kalshi.

The standalone application is scheduled to launch this summer. Through the app, users will have access to approximately 4,000 Kalshi event-based contracts in categories Wealthsimple is authorized to offer in the Canadian market, specifically climate, financial markets, and economic indicators.

“Prediction markets are the fastest-growing segment of global financial markets, letting traders turn an opinion into a position on the factors that shape our world – where inflation is headed, what happens to rates, or how the year unfolds. Until now, Canadians have had limited access,” said Brett Huneycutt, co-founder and Chief Product Officer, Wealthsimple. “Wealthsimple Predict gives Canadians a clean, well-designed way to access these markets, with education and guardrails built in from day one.”

“Kalshi was founded on a simple belief: views on the future should have markets, and those markets should be available to everyone,” said Alex Cuoci, Kalshi. “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.”