SectorWire
SearchGet the daily briefing
Menu

Wealthsimple and Kalshi plan Canadian prediction-market launch

Deals & M&A

Wealthsimple plans to launch a prediction-markets app in Canada with Kalshi this summer, after receiving approval from the Canadian Investment Regulatory Organization in March. The app is expected to offer nearly 4,000 contracts, while Canadian rules exclude sports and election outcomes and require contracts to have a settlement period of at least 30 days.

The planned app offers a regulated route for prediction markets while excluding sports and election outcomes.

Connections

Request a correction

Keep reading

Deals & M&A

Sportradar reports 47% US revenue growth as prediction-market work expands

Sportradar reported that US revenue rose 47% year on year to €98m in Q3 2026, which the company attributed partly to growing demand from prediction-market businesses. Chief executive Carsten Koerl said the impact of states excluding markets was not material to the company, citing contract terms that restrict content use where those products cannot be offered.

U.S. revenue rose 47% to €98m ($109.7m) in Q3 2026, against Q3 2025. Growing work in the prediction markets industry fueled the 47% year-over-year increase in Sportradar’s U.S. revenue in Q3. CEO Carsten Koerl said he does not worry about more states excluding sports event contracts.

Continue reading