The Conversation Canada
📰 The Conversation (academic)
Aug 6, 2026
· 6 min read
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Wealthsimple’s new prediction markets app exposes gaps in Canada’s gambling protections
Original article ↗Named in this story
MCGILL UNIVERSITY●
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● also tracked in another Watch product.
Key figures
Contracts must have a maturity term of 30 days or longer and are limited to three categories: economic forecasts, environment forecasts and financial indicators.
Kalshi’s fee revenue for 2025 was US$263.5 million while Polymarket earned US$17.9 million.
A recent study examining trading gains and losses on Polymarket found that gains are highly concentrated: the top one per cent of users capture 76.5 per cent of profits.
Army Special Forces master sergeant, Gannon Ken Van Dyke, was charged for allegedly using classified information for personal gain, earning roughly $410,000 from prediction market bets.
First, age requirements for online gambling sites are typically 21, while prediction markets often set the minimum age at 18.
Quoted verbatim from the article — not summarised.
B.I.A.S. ANALYSIS
CENTER
Signal breakdown
Heuristic (v1/v3)
-0.40 · LEFT
ML v2 (DistilBERT)
0.000 · CENTER
Ensemble
0.000 · CENTER
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· The Conversation (academic)
Rolling outlet bias
CENTER LEFT
avg -0.286
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7-day bias trend
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Excerpt from The Conversation Canada
Canada has approved two firms to sell prediction market contracts as investments. (Unsplash)
Wealthsimple’s new prediction markets app exposes gaps in Canada’s gambling protections
Published: August 6, 2026 10.12am EDT
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Wealthsimple’s new prediction markets app recently launched, in partnership with Kalshi, an American prediction market platform. It’s only the second firm in the country authorized by Canadian Investment Regulatory Organization (CIRO) to do so, after Interactive Brokers Canada.…
What The Fact analyses coverage; it does not republish it. This is a short excerpt — the article stays with The Conversation Canada.
Read full article at The Conversation Canada ↗How we scored this article
WTF uses a two-tier system: every article gets a heuristic bias score from keyword analysis, and priority articles (high overlap across 3+ outlets or strong heuristic signal) get full LLM analysis from B.I.A.S. and V.E.R.I.F.Y.
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