Canadian authorities maintain restrictions on prediction markets
Regulatory restrictions hinder expansion of sports and entertainment prediction markets in Canada.
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Regulatory restrictions hinder expansion of sports and entertainment prediction markets in Canada.
Canada’s regulatory stance concerns suppliers offering sports prediction markets in the country.
Updated Canadian regulatory guidance confirms that sports and entertainment event contracts are prohibited in Canada.
The guidance prevents platforms supervised by CSA and CIRO from offering sports and entertainment prediction contracts in Canada.
CIRO considers facilitating or approving dealer-member applications to trade sports and entertainment event contracts inappropriate.
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