Wealthsimple Clears Regulatory Hurdle to Bring ‘Prediction Markets’ to Canada ⇥ theglobeandmail.com

Meera Raman, Globe and Mail:

Wealthsimple is seeking to offer prediction trading in Canada, a controversial type of betting on real-world events that has surged in popularity in the past year, and has been largely banned in this country.

[…]

The approval for Ontario-based Wealthsimple permits it only to offer contracts tied to economic indicators, financial markets and climate trends, the company confirmed – not sports or elections, which are among the most popular uses of prediction markets in the United States.

Interactive Brokers launched here last April. Why are we doing this to ourselves?