What are prediction markets? Wealthsimple’s newest investing feature explained

Financial services company Wealthsimple announced Thursday that it will start offering a new form of investment based on real-world events. The product is called prediction market trading and it’s gaining increasing popularity around the world. Here’s a breakdown of how it works, what’s driving its growth, and what investors should beware of.What are prediction markets?Prediction markets allow investors to bet on the outcome of real-world events like whether Canada’s infl