# Koho says no to prediction markets, Geely is coming to Canada, and a Switch 2 deal

> A short holiday-weekend briefing: Koho's CEO on why it won't add betting-style markets, Geely's 2027 Canadian launch, and a Costco clearance.

- Published: 2026-10-13T11:00:00.000Z
- By: The Circuit Staff
- Type: Daily Briefing
- Topics: Daily Briefing, Fintech, Devices, Gaming
- URL: https://thecircuit.ca/posts/2026-10-13-briefing/

Welcome back from the long weekend. It was a quiet one, so this is a short briefing.

## 1. Koho won't add prediction markets

Prediction markets, which let people bet on real-world events, are the hot feature in U.S. fintech. Koho CEO Daniel Eberhard told the [BetaKit podcast](https://betakit.com/why-koho-wont-bet-on-prediction-markets/) he won't add them, calling them gambling dressed up as tech. Koho is instead focused on finishing its bid for a Schedule 1 bank licence. [Read the full story](https://thecircuit.ca/posts/2026-10-12-koho-prediction-markets/)

**Why it matters:** A fast-growing fintech turning down an easy engagement feature stands out, as more U.S. trading and betting apps court Canadians.

## 2. Geely says it's coming to Canada in 2027

Chinese automaker Geely is officially entering the Canadian market, with its first vehicles planned for 2027, [MobileSyrup reports](https://mobilesyrup.com/2026/10/09/chinese-automaker-geely-announces-entry-into-canadian-market/). It's setting up local operations and a retail network. Geely already sells here through brands it owns, including Volvo, Polestar and Lotus, but this is the first time the Geely brand itself will be sold in Canada.

**Why it matters:** More EV competition at the lower end of the market could push prices down, depending on how tariffs and import quotas on Chinese-built vehicles play out. No models or prices yet.

## 3. A Switch 2 bundle clearance at some Costcos

Some Costco Canada warehouses are clearing a Nintendo Switch 2 bundle (console, 256GB microSD Express card and a year of Switch Online) for $599.97, down from $789.99, [iPhone in Canada reports](https://www.iphoneincanada.ca/2026/10/09/costco-canada-clears-out-nintendo-switch-2-bundle-for-599-97/). It varies by location, and stock is limited.

**Why it matters:** The console alone is $679.99 after Nintendo's September price increase, so this is well below the usual price if your warehouse has it. Call ahead.

---

**One more thing:** A developer rebuilt *Skate 3* in an open-source engine and set a demo level in Northern Ontario, complete with tricks off a moving snowmobile and a long Tim Hortons line, [MobileSyrup reports](https://mobilesyrup.com/2026/10/12/skate-3-ontario-level/). It's a work in progress, and very Canadian.