10:22:55 EDT Mon 25 May 2026
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Globe says OSC, others keep lid on predictive betting

2026-05-25 06:48 ET - In the News

See In the News (C-*OSC) Ontario Securities Commission

The Globe and Mail reports in its Saturday edition that for a lot of younger investors, the prospect of annual 10-per-cent market returns is not very compelling. The Globe's Meera Raman writes that some believe they can make 10 per cent a day in the prediction markets: on-line platforms where users can trade on, well, anything. Will U.S. President Donald Trump say "freedom" in his speech today? Will 2026 be the hottest year on record? Users can place trades on those yes-or-no outcomes. In the United States, prediction market trading is widely available, but for Canadians it's been largely off-limits. On-line brokerages and fintech firms, such as Wealthsimple and Interactive Brokers, are pushing to bring prediction trading to Canada. Demand is building in Canada, even though most players lose. Investors north of the border have been accessing U.S.-based prediction market platforms such as Polymarket and Kalshi through virtual private networks, or VPNs, that disguise their location. Currently, Canada's market regulators say companies can offer contracts tied to economic indicators, financial markets and climate trends -- but not sports or elections, which are among the most popular uses of prediction markets in the U.S.

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