CSA and CIRO exclude sports and entertainment prediction contracts from supervised platforms
By SectorWire desk ·
Summary
Canada’s CSA and CIRO said in a joint notice released Thursday that sports and entertainment prediction contracts fall outside securities oversight. The regulators said platforms under their supervision cannot offer these contracts. Wealthsimple argued against applying separate regulatory regimes to sports contracts and financial or economic contracts.
Why it matters
The guidance prevents platforms supervised by CSA and CIRO from offering sports and entertainment prediction contracts in Canada.