Wealthsimple’s new prediction markets app exposes gaps in Canada’s gambling protections (theconversation.com)

submitted 2 months ago by new_otters_raft@piefed.ca to c/personalfinancecanada@lemmy.ca

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Author: Jeffrey Derevensky | Professor & Chair, Educational & Counselling Psychology, McGill University

Wealthsimple is launching a CIRO-approved prediction markets app soon. The evidence suggests most traders lose money, and the products look a lot like gambling.

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[-] villasv@lemmy.ca 8 points 2 months ago

Not disappointed because I expected no more, these companies already pray on ~~day traders~~ gamblers, they were just missing out on the latest "products" so it was a matter of time

this post was submitted on 10 Aug 2026

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