Prediction Markets Come to Canada via Wealthsimple. What Could Possibly Go Wrong?

Wealthsimple just launched its new betting platform, but for now, Canadians can only bet on the economy, financial markets, and the weather.

So what happens when we start betting on politics?

Host Sam Konnert talks to Wall Street Journal investigative reporter Katherine Long about the wild world of Polymarket and Kalshi, the scandals that have followed them in the US, and what Canada can learn before prediction markets inevitably expand.

Host: Sam Konnert

Credits: Aviva Lessard (Senior Producer), Sam Konnert (Host/Producer), Noor Azrieh (Host/Producer), imogen sayers (Mixing and Mastering), Tristan Capacchione (Senior Production Supervisor), Jesse Brown (Editor), Tony Wang (Artwork)

Guests: Katherine Long

Photo: Rafael Minguet Delgado

Additional music by Audio Network

Background reading:

#1338 Reality is a Casino as Prediction Markets Enter Canada
Lawmakers Call for Federal Probe of Polymarket Over Deceptive Advertising – The Wall Street Journal
We Investigated Polymarket’s Deceptive Marketing Campaign. Here’s What We Found. – The Wall Street Journal
Think you can win on prediction markets? Here's why you're more likely to lose – CBC News
Wealthsimple’s pivot into risky business reflects young Canadians’ financial nihilism – The Globe and Mail
Canada has banned some prediction markets. Wealthsimple is showcasing them anyway – Canada’s National Observer
Prediction Markets Are Good, Actually – Maclean's

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