The Globe and Mail reports in its Friday edition that users of Wealthsimple Predict can place wagers on economic data points such as Bank of Canada rates and home sale statistics, as well as many corporate event contracts. The Globe's Alexandra Posadzki writes that some high-profile cases south of the border, where prediction markets have been around longer, offer cautionary tales. In May, authorities accused a Google software engineer of profiting more than $1.2-million (U.S.) by trading on confidential business information on Polymarket. Canada's insider-trading laws are framed around an insider -- someone who has a special relationship with a company -- trading in securities issued by that company. Securities regulators have what's called a public-interest power -- basically a broad power to take action where there's activity in capital markets that's contrary to the public interest," said lawyer Evan Thomas. "I would expect that a Canadian securities regulator, if they were looking at a case where someone in Canada was using material non-public information to trade in prediction markets, whether or not the insider-trading provision applies, they would say that's activity contrary to the public interest," he added.