By SectorWire desk ·
The Canadian Lottery Coalition has called for stronger restrictions on prediction markets. The appeal follows financial regulators’ statement on 27 August that sports event contracts should not qualify as securities.
Prediction markets face calls for stronger restrictions after financial regulators stated sports event contracts should not qualify as securities.
Request a correction / right of reply
Linked through shared companies, regulators and people, or one step further through the graph.
Failures to report suspicious transactions resulted in anti-money laundering penalties that both gaming corporations paid in full.
Quebec’s online gambling reform has greater political momentum, while licensing, supervision and Loto-Québec’s role remain unresolved.
The proposed iGaming opening could change the market in which Loto-Québec operates.
CasinoCanada’s research suggests licensed Canadian operators face offshore competitors taking more wagers despite serving fewer players.
Atlantic Lottery will not contest the compliance penalty.
Atlantic Lottery will pay the penalty without contesting FINTRAC’s ruling.