Verdx seeks approval for Canadian prediction market dealer
A team led by ex-Vanguard Canada CEO Atul Tiwari just applied to create Verdx, likely the country's first investment dealer focused entirely on prediction markets. They're seeking registration with Canadian regulators to run a platform where clients can trade contracts on events, but won't offer advice. Canadian law currently limits this to economic, financial, and climate topics—not sports or entertainment.
- Verdx seeks Canadian regulatory approval as an investment dealer
- Platform would only handle prediction market contracts
- Trades would be self-directed, without investment advice
- Founders have backgrounds in finance and compliance
- Current rules limit topics to finance, economy, and climate
Sources covering this
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