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.
Unfortunately, gambling is the only way many rich people can enjoy life. As such it pumps exorbitant amounts of money into blood sports like boxing and animal racing. Stuff where the odds are close but the outcome is unpredictable, cuz really they just want to see the monkey dance.
Opening it up to us is just to grease the wheels.
Lotteries used to be illegal in Canada. I shudder to think at how much my mother has spent on 6 fucking 49 over the course of my life.