Wealthsimple Enters Canadian Prediction Markets While HYPE Token Tops $75 Billion
IBKR•Online brokerage Wealthsimple will launch Wealthsimple Predict to let four million Canadian customers place bets on over 4,000 economic, financial and climate events, ending Interactive Brokers’ exclusivity in Canadian prediction markets. Hyperliquid’s HYPE token reached a fully diluted valuation near $75 billion—overtaking Interactive Brokers’ market cap and underscoring its ecosystem expansion.
1. Wealthsimple Enters Canadian Prediction Markets
Online brokerage Wealthsimple plans to launch a new app called Wealthsimple Predict, giving its four million Canadian clients access to over 4,000 event-based contracts tied to economic, financial and climate outcomes. This move ends Interactive Brokers’ exclusivity in Canada’s prediction market segment and could pressure IBKR’s trading volumes in that niche.
2. Hyperliquid Valuation Overtakes IBKR
Hyperliquid’s HYPE token reached a fully diluted valuation near $75 billion, surpassing Interactive Brokers’ market capitalization and highlighting investor interest in broader blockchain ecosystems. The token hit an all-time high above $76 before a 10% pullback to $67.14, representing a 150% gain year-to-date versus bitcoin’s 30% decline.
