Wealthsimple’s new prediction markets app shows Canadian users popular markets, such as who will win the 2028 US presidential election, even if the company can’t let users bet on them due to Canadian laws. Experts suspect the approach is “teasing” Canadians in a bid they will pressure regulators to loosen the rules.
Wealthsimple/etc all exist to create exit liquidity for the hedge fund managers who have been doing automated trading long before ‘AI’.