Prediction markets are now live in Canada, letting you bet real money on questions like whether Canadian trips to the US will rise or fall, using the exact same account as your retirement savings. Vincent Gregoire unpacks what that means for anyone who thinks they’re investing when they might actually be gambling.
The interview also gets into a newer wrinkle, overdraft protection that borrows against your stock portfolio instead of charging an insurance fee. It sounds convenient until the market drops and the bank decides when your investments get sold, not you.
Vincent Gregoire, Canada Research Chair in Finance and Technology at HEC Montréal, explains why these tools stay off your credit report even as they change your risk exposure, and where the fine print gets skipped. If prediction markets, leverage or overdraft protection are part of your banking app, this is the context most people miss before clicking agree.
Topics: prediction markets, overdraft protection, gambling vs investing, Wealthsimple Predict, financial risk
GUEST: Vincent Gregoire | @vincentgregoire
Originally aired on2026-08-19
