Wealthsimple partners with Kalshi to bring 4,000 event contracts to Canadian investors
Wealthsimple has partnered with Kalshi to bring prediction markets to Canadian investors, with plans to launch a dedicated app this summer. The deal will make nearly 4,000 Kalshi event contracts available on Wealthsimple's platform across categories including financial markets, climate, and economic indicators. The partnership marks Kalshi's first expansion into Canada and extends the CFTC-regulated exchange's international footprint beyond the US market through a local distribution partner rather than direct regulatory licensing. Wealthsimple, one of Canada's largest retail investing platforms, becomes one of the first financial firms to offer event contracts in Canada.
Kalshi gains a retail distribution channel in Canada just as Robinhood routes World Cup contracts to Rothera while keeping some markets on Kalshi, threatening Kalshi's US volume. The Wealthsimple pipeline lets Kalshi replace slipping Robinhood flow with new international retail traders instead of fighting Rothera for the same American users.