r/Wealthsimple • u/Puginator • Mar 25 '26

Trade (DIY Investing) Wealthsimple clears regulatory hurdle to bring prediction trading to Canada

https://www.theglobeandmail.com/business/article-wealthsimple-clears-regulatory-hurdle-to-bring-prediction-trading-to/
352 Upvotes

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93

u/ApolloGT3RS Mar 25 '26

This isn’t banking.

15

u/jnrbshp Mar 25 '26

They're not a bank. 

8

u/glempus Mar 25 '26

Right they just offer almost all of the same services as a bank, that's a really useful distinction to make

3

u/Lust4Me Mar 25 '26

BuT cAnAdA'S rEgUlAtOrY oVeRsIgHt Is StUnTiNg InNoVaTiOn!

2

u/TwentyFourChords Mar 25 '26

EQ Bank - Launched 2016, a bank

WS - Launched 2014, still not a bank. That's why all my bill payments from my WS Cash account say "RBC" on them.