# Prediction markets in Canada

> SafeBet.ai's Canada hub: independent rankings of the best legal prediction markets, full reviews, and guides to the rules, fees and taxes.

- URL: https://safebet.ai/ca/
- Markdown version: https://safebet.ai/ca/index.html.md
- Last updated: 2026-10-22 (re-checked when an operator changes its terms or a regulator or court acts)
- Author: SafeBet.ai Research Team (SafeBet.ai)
- Editorial policy and advertiser disclosure: https://safebet.ai/editorial-policy/

## The best prediction markets in Canada (2026)

Interactive Brokers is the best prediction market in Canada in 2026 for traders 21 and older: the most markets, the lowest fee per contract on ForecastEx, cheap currency conversion on larger amounts and a 3.38% APY coupon on ForecastEx positions. Wealthsimple Predict, the only other legal option, is the better choice for beginners, small trades and anyone aged 18 to 20.

1. [Interactive Brokers](https://safebet.ai/ca/prediction-markets/interactive-brokers-review/) — Best overall for fees and market choice (8.1/10)
2. [Wealthsimple Predict](https://safebet.ai/ca/prediction-markets/wealthsimple-predict-review/) — Best for beginners and 18- to 20-year-olds (7.6/10)

Full ranking: https://safebet.ai/ca/prediction-markets/

- [Are prediction markets legal in Canada?](https://safebet.ai/ca/prediction-markets/are-prediction-markets-legal/)
- [Is Polymarket legal in Canada?](https://safebet.ai/ca/prediction-markets/is-polymarket-legal-in-canada/)
- [Is Kalshi available in Canada?](https://safebet.ai/ca/prediction-markets/kalshi-in-canada/)
- [How prediction markets work in Canada](https://safebet.ai/ca/prediction-markets/how-prediction-markets-work/)
- [Prediction market fees in Canada](https://safebet.ai/ca/prediction-markets/prediction-market-fees/)
- [Are prediction markets safe in Canada?](https://safebet.ai/ca/prediction-markets/safe-prediction-markets/)
- [How we rank prediction markets in Canada](https://safebet.ai/ca/prediction-markets/how-we-rank/)

## General guides

- [How prediction market gains are taxed in Canada](https://safebet.ai/ca/guides/prediction-market-taxes/): The Canada Revenue Agency hasn't published guidance on prediction markets. Unlike casual gambling winnings, which aren't taxed, gains on event contracts traded through a dealer are generally treated as capital gains, half of which is taxable in 2026, or as fully taxable business income if you trade often or professionally. Report them in Canadian dollars at the Bank of Canada rate on each transaction date, and keep your own records.
- [Where to get help for gambling problems in Canada](https://safebet.ai/ca/guides/gambling-help-canada/): In a crisis, call or text 988, Canada's suicide crisis helpline, any time. For gambling problems, most provinces run a free, confidential helpline open 24/7, such as BC's Gambling Support Line (1-888-795-6111), ConnexOntario (1-866-531-2600) and Quebec's Jeu : aide et référence (1-800-461-0140); the territories and Nova Scotia route gambling through their health and crisis lines. Every province also runs a self-exclusion program, but none covers prediction-market apps.
- [All Canada guides](https://safebet.ai/ca/guides/)