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CSA and CIRO reiterate Canadian rules for prediction-market contracts

Regulation

The Canadian Securities Administrators and the Canadian Investment Regulatory Organization reminded investors and businesses that event contracts classed as securities or derivatives must meet applicable requirements. They said non-compliance could lead to enforcement action and noted that some jurisdictions prohibit trading binary options with terms under 30 days to individuals.

Operators offering event contracts in Canada may face registration requirements and enforcement if they do not comply with securities or derivatives laws.

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Regulation

Polymarket blocks access in Alberta, British Columbia and Quebec

Polymarket has added Alberta, British Columbia and Quebec to the Canadian provinces where it blocks access to its trading exchange, according to its terms of use. Alberta minister Dale Nally said the company had made the decision itself; Polymarket had not replied to a request for comment by publication. The platform is already barred from operating in Ontario under a two-year settlement with the Ontario Securities Commission.

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