Wealthsimple integrated the prediction markets for Canadian users
This is bad for Canada. Broadening access to gambling isn't progress. Our tech industry should aspire to more.
Prediction markets are coming to Canada.
For the first time, millions of Canadians will be able to trade what's next through Wealthsimple.
Many users attacked the founder for calling Kalshi prediction markets bad for Canada while a few defended the claim as legitimate.
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@nickfrosst iceman season got good kid sending shots like hood kid
This is bad for Canada. Broadening access to gambling isn't progress. Our tech industry should aspire to more.
@nickfrosst Do you believe in freedom? Let people gamble if they want to. Is your AI going to be so woke that it won’t even respond to questions similar to OpenAI?
@nickfrosst @ambermac There is more financial opportunity to be had gambling than working in Canada. Unfortunate but this is the state of things.
@nickfrosst Wealthsimple: We’re on a mission to help everyone achieve financial freedom.
Also Wealthsimple: we’ve made gambling easier!
@nickfrosst Pretty neat though if you understand how crowds tend to come to a consensus on an event
@nickfrosst Sadly nothing new. WS has been infantilizing Canadians, and promoting meme stock and crypto gambling, since pre-covid
@nickfrosst I see online casino ads everywhere in Toronto and same ads online as well.
And now this. Not a good direction.
I get it though, gamifying everything and gambling brings in the money.
@nickfrosst Where do event contracts end and gambling begin?
@nickfrosst I agree that the tech industry should aspire to more.
Like not letting the Canadian government have backdoor access to anything and everything tech to spy on their citizens.
This includes what your company as well.
@nickfrosst Robinhood is coming, so WS are gearing up all fronts. That being said, it sucks gambling have gone so out of control like this. Hope this will not add fuel to financial nihilism cuz I really think it can lead to the next recession 🫠
@nickfrosst totally left field for WS and a fat L
@scottAoakes @nickfrosst oooh that was a good one! 🍔
@scottAoakes @nickfrosst infantilizing is a big word
@nickfrosst This was already in Canada with Polymarket FYI
@nickfrosst Well shit that makes me rethink using @Wealthsimple as my investment platform
@nickfrosst But yeah for most people its probably bad.
Glad ill be able to actually test out my scalping bot finally that I build for polymarket before I realized it was barred from canada lmao
@nickfrosst Pivoting to becoming a gambling app aftet spending the last decade advertising yourself as a convenient low fee banking option for young/low income people is next level evil
@nickfrosst +1
@nickfrosst what did you expect. Lottery in every store, gabling ads on transport and before movies, gambling streams & online gambling
What’s worse is the instinct to regulate everything, which, unfortunately, is a very Canadian reflex.
Canadians in particular would benefit from more exposure to prediction markets. They force people to test their assumptions instead of passively absorbing whatever narrative is being pushed at them.
For example, yesterday I saw what was basically straight propaganda claiming Cohere saw a "large" spike in Canadian users because Fable was shut down.
In what world would someone’s default move for serious intellectual work or just general knowledge be Cohere over Opus 4.8 or GPT-5.5?
Prediction markets expose this kind of nonsense instantly. They punish vibes, nationalism, and wishful thinking with actual probabilities.