Canadian securities dealers are allowed to offer prediction markets trading—a fast-growing category that lets users bet on the outcome of real-world events—under specific conditions, the Canadian Investment Regulatory Organization (CIRO) said in a release Thursday. Contracts need to have a minimum term of 30 days, prohibit the use of leverage and stick to strictly limited categories. Investment dealers must also notify CIRO before offering such trading. (The Logic)

Talking point: The guidance signals that CIRO is open to increasing access to prediction markets trading in Canada, as long as it stays under strict parameters and careful oversight. Earlier this week, Wealthsimple confirmed it got the green light from CIRO to let users bet on economic indicators, financial markets and climate trends—the only three categories the regulator allows. Interest in prediction markets is surging. Trading volume almost quadrupled from 2024 to 2025, growing from US$15.8 billion to US$63.5 billion, according to a report from blockchain security firm CertiK.