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Canada’s newest FinTech unicorn is poised to become its newest bank. CEO Daniel Eberhard explains what comes next.

The company is nearing the end of its 5-year journey to secure a Schedule 1 banking licence, which CEO Daniel Eberhard claims will help Koho offer more competitive lending and savings rates to everyday Canadians.

“I think that we will look back on prediction markets the same way we look back on altcoins and … NFTs.”

To Eberhard, prediction markets are techwashing what amounts to gambling, which could lead to a bunch of negative downstream social effects.