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CSA and CIRO oppose securities rules for sports event contracts in Canada

Regulation

The Canadian Securities Administrators and the Canadian Investment Regulatory Organization said sports and entertainment event contracts should not fall under securities and derivatives legislation. CIRO staff also said they would not support dealer applications to facilitate trading in those contracts; political, geopolitical and cryptocurrency contracts remain under assessment.

The position limits the types of event contracts that Canadian dealers can facilitate under securities rules.

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CGA chief criticises Ontario handling of problem gambling study

Canadian Gaming Association president and chief executive Paul Burns said iGaming Ontario’s decision not to publish a problem gambling study risks undermining trust. The study examined gambling harm before Ontario’s market launch in April 2022; iGaming Ontario reportedly questioned its methodology, while the agency said it continues to strengthen responsible gambling measures.

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