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Broadening prediction-market gambling a bad idea

Let’s make a prediction: sooner or later, when Canadian governments find a way to take their own cut of the action, prediction-contract gambling on everything from sports to entertainment to political decisions is going to come to Canada.

And that’s a horrible, dangerous, pernicious idea.

Unless you have particular access to information — either inside information or strategic information based on skills or education — you’re not likely to make money at it. In fact, structurally, you’re likely to lose. In prediction markets, you basically pay an amount, plus fees from the company involved, to bet on whether something will or will not happen within a certain time frame. The amount you pay for your contract depends on how other people are also betting.

As Wealthsimple describes it, “You buy whichever side you think is right. Prices move with demand, so if the market leans towards one outcome, the more that side costs. If a lot of people are backing the TSX to finish above 38,000, yes gets more expensive and no gets cheaper.”

Hydro Québec faces issue we should avoid

You might be tempted to call it a canary in an electric power generation coal mine.

Record participation, funds raised in 2026 breast cancer awareness race

It’s become a tradition for the West End Legends to gather, get dressed up in hot pink and gab about their late girlfriend on the first Sunday of Breast Cancer Awareness Month.

“Mary was a beauty, a brain, an athlete and a friend,” said Linda Opalko, a 67-year-old member of the fundraising team founded in honour of Mary Stawychny.

Stawychny’s last breath was taken the same day the group — made up of friends the career teacher maintained since she grew up on Ingersoll Street more than 50 years ago — got together for the 2022 CIBC Run for the Cure.

“We were walking as she was leaving us four years ago,” Opalko said as she and fellow fundraisers strolled down Wellington Crescent on Sunday morning.

Mayoral hopefuls trade accusations

Two mayoral hopefuls traded accusations about meddling in each other’s campaigns as the incumbent rallied supporters for his re-election bid on the eve of advanced polls opening across Winnipeg.

A social media post made by Mike Vogiatzakis, one of 12 nominees in the Oct. 28 race for the top job at city hall, caught the attention of rivals Sunday.

The funeral director took to Facebook midday to criticize Kevin Klein — a competitor he said he thought of “as a friend” until the former Tory cabinet minister made a U-turn after pledging to back the Vogiatzakis campaign.

“Good speaker? Yes. Good looking guy? Sure. Someone I trust now? Absolutely not,” he wrote in a lengthy post.

Six high school hockey programs ceased operations following new Hockey Manitoba policy

She lived the best of both worlds.

For the last three years, the 17-year-old wore a sweater for two different hockey programs — her high school team and AAA club in the Manitoba Female Hockey League — and was preparing to flourish in both colours again this winter.

Recently, however, the blue-liner was disappointed to learn she is no longer eligible to play her Grade 12 season with her school owing to a new policy imposed by Hockey Manitoba that bans players from participating in the Manitoba Women’s High School Hockey League if they are rostered on a U18 AAA team.

The rule applies to all athletes who play for both Winnipeg-based and rural AAA teams.