Canadian fintech firm Wealthsimple is expanding into prediction markets with the upcoming launch of Wealthsimple Predict, a dedicated application that will enable Canadian investors to trade approximately 4,000 event contracts offered through Kalshi, according to a statement issued on Thursday.

The platform, expected to launch this summer, will first focus on contracts tied to climate, financial markets, and economic indicators.

The initiative follows regulatory approval from the Canadian Investment Regulatory Organization (CIRO), which authorized Wealthsimple in March to offer prediction markets structured as futures contracts with settlement periods of at least 30 days. The company said the new service is aimed at providing Canadians with regulated access to a rapidly growing segment of financial markets that has previously been difficult to access.

According to Wealthsimple, the platform includes built-in safeguards such as KYC requirements, educational content, onboarding guidance, and prominent risk disclosures. Trading will be available exclusively to Canadian residents through contracts provided by Kalshi, a CFTC-regulated event contracts exchange in the US.