Author: Jeffrey Derevensky | Professor & Chair, Educational & Counselling Psychology, McGill University
Wealthsimple is launching a CIRO-approved prediction markets app soon. The evidence suggests most traders lose money, and the products look a lot like gambling.
2 Comments
CobraChicken3000@lemmy.ca · 13 pts · 13d
Honestly, I am very disappointed by Wealthsimple (and Questrade) for releasing this blight on consumer investors who are too ignorant to distinguish long-term investment from gambling.
villasv@lemmy.ca · 8 pts · 13d
Not disappointed because I expected no more, these companies already pray on
day tradersgamblers, they were just missing out on the latest "products" so it was a matter of time