British Columbia’s record-breaking wildfire season, by the numbers

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.”

Gillingham talks trash, pledges big bin boost

Scott Gillingham says he would add hundreds of locked garbage bins downtown to prevent unsightly trash piles if re-elected as mayor.

Manitoban Kent Monkman debuts beaver sculpture in Toronto’s ambitious new waterfront park

TORONTO - Kent Monkman’s first-ever public art installation is dam good.

The celebrated Cree artist’s new permanent sculpture, dubbed “The Colony,” debuts Wednesday in Toronto’s east end.

The 15-foot-high bronze structure features beavers dancing, feasting and celebrating, evoking Indigenous ceremonies.

It highlights the vital role of beavers in the natural, Indigenous and colonial histories of Turtle Island, says a release.

A day on the campaign trail: Winnipeg's mayor, seeking a second term, does double duty

In the weeks leading up to the civic election, Scott Gillingham has been performing a juggling act: he’s running to be Winnipeg’s 45th mayor, while still serving as its 44th.

“If someone asks me about the campaign, I’m going to answer them. But I think for most people, I’m the mayor of Winnipeg, even if I’m showing up as a candidate,” Gillingham, 58, says. “I try to do all I can to maintain that distinction.”

The Free Press joined Gillingham on a recent rainy September Saturday on the campaign trail, where he served in both roles during an event-laden day. City council’s final meeting before the Oct. 28 election was days earlier.

In Winnipeg, it’s rare for an incumbent to be defeated. But Gillingham knows his win in 2022 wasn’t exactly a landslide — he won with 27.5 per cent of the vote — and he’s been thinking about his second term ever since.