CIRO bans sports and entertainment event contracts as Polymarket draws $500,000
Regulation · SectorWire deskSource published
Summary
Canada's CIRO has updated its terms and conditions to explicitly prohibit event contracts tied to sports or entertainment outcomes, according to an Oct. 16 statement. Offshore platform Polymarket recorded more than US$500,000 in trading volume on Toronto's 26 October mayoral election despite the restrictions.
Why it matters
CIRO now explicitly prohibits event contracts tied to sports or entertainment outcomes, narrowing the permitted product set for dealers.
Cite as: SectorWire, “CIRO bans sports and entertainment event contracts as Polymarket draws $500,000”, 22 October 2026, https://sectorwire.news/item/ciro-bans-sports-and-entertainment-event-contracts-as-polymarket-draws/
Key facts
- Parties
- Polymarket, Wealthsimple, Interactive Brokers · CIRO
- Market
- Canada