How we rank prediction markets in Canada

What we rank

Our ranking of the best prediction markets in Canada compares the platforms where Canadians can legally buy and sell event contracts: yes/no contracts that pay US$1 if something happens, such as a Bank of Canada rate cut or an inflation print above a threshold.

In Canada, event contracts are derivatives. A platform can only offer them to you if it’s an investment dealer regulated by the Canadian Investment Regulatory Organization (CIRO) and the regulators have allowed it to deal in event contracts. As of October 22, 2026, two dealers have that approval: Interactive Brokers Canada, which trades on ForecastEx, and Wealthsimple, whose Predict app trades on Kalshi. Both offer only economic, financial and climate contracts with at least 30 days to maturity; sports, entertainment and election contracts aren’t allowed for Canadian dealers.

Platforms that aren’t registered in Canada aren’t eligible, however well known they are. That includes Polymarket, Kalshi itself and the US apps that offer prediction markets to Americans. Our guide to whether prediction markets are legal in Canada explains why, province by province.

The six criteria

Every eligible platform is rated from 0 to 10 on six criteria. The overall score is the weighted average, rounded to one decimal, and each review shows every rating.

Regulation & safety (25%)

This decides whether a platform can serve you at all and how well your money is protected. Both dealers we rank are CIRO members whose client accounts are covered by the Canadian Investor Protection Fund (CIPF) within its limits, so the scores here are close. We lower a score for open regulatory issues, such as promoting contracts that Canadians can’t trade after CIRO told dealers to stop.

Markets & features (20%)

Canadian dealers can only offer economic, financial and climate contracts, so we compare the depth within those three categories: how many contracts there are, how many are on Canadian data such as the Bank of Canada’s rate decisions, and which order types you get. Limit orders, selling before settlement and fractional contracts all count.

Fees & pricing (20%)

Every contract is priced in US dollars, so a Canadian pays twice: the trading fee per contract and the conversion from Canadian dollars. We work both into one example in Canadian dollars, and our fee calculator lets you run your own. The full schedules are in our guide to prediction market fees in Canada.

Liquidity (15%)

Liquidity decides whether the price you see is the price you get. We look at the exchange behind each dealer, its reported volume and the order book in the contracts Canadians can trade. Thin markets have wide gaps between the buy and sell price, which work like a hidden fee.

Deposits & withdrawals (10%)

We list how you can fund the account (Interac e-Transfer, bank transfer, wire), how long deposits take before you can trade, how long withdrawals take, and whether you can hold US dollars so you don’t convert every time.

App & experience (10%)

We check which devices each platform runs on, how easy it is to find a market and read its rules, how clearly the risks are explained, and which support channels exist. We only quote app-store ratings with the date we read them.

How the score works

Each rating uses the same scale as our other rankings:

The overall score is calculated automatically from the six ratings and their weights. The ranking follows the overall scores: a platform with a lower score never sits above one with a higher score, and our site won’t publish if it does. We don’t round scores up to change an order, and ties are broken by the regulation rating.

Where our facts come from

• Regulators: CIRO’s bulletins on event contracts, Joint CSA and CIRO Staff Notice 91-307 (August 27, 2026), and the provincial securities commissions’ notices and decisions.
• The dealers: their fee schedules, help centres, risk disclosures and terms, read on the date shown on each page.
• The exchanges: Kalshi’s and ForecastEx’s rulebooks and public data where they apply to Canadian clients.
• App stores: ratings and review counts, with the date we read them.

Every page lists its sources with dates. When a fact can’t be confirmed from a primary source, we say so rather than guess.

Updates and corrections

We re-check the ranking when a dealer changes its fees, markets or apps, when a new dealer is approved, or when CIRO or a securities regulator acts, and every change is logged in the ranking’s update history. If you spot an error, tell us and we’ll correct it.