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Provincial lottery corporations in Canada are advocating for stricter regulations on prediction markets, claiming some event contracts resemble betting. This follows a recent statement from Canadian authorities clarifying that such contracts should not be classified as securities.
Canadian tourists have flocked to Las Vegas casinos, capitalizing on a special promotion that allowed them to spend Canadian dollars as U.S. dollars. This surge has occurred despite ongoing trade tensions between the U.S. and Canada, showcasing the resilience of cross-border travel and tourism.
The legalization of single-event sports betting in Canada has transformed the gambling landscape. Since the Safe and Regulated Sports Betting Act was passed, provinces have embraced new opportunities in the betting market, catering to a growing demand for diverse wagering options.
Canadian regulators have made it clear that sports prediction markets will not be classified as securities or derivatives. This decision stems from a recent joint notice issued by key financial authorities in Canada, aiming to clarify the legal standing of these markets.
Alberta's government is actively seeking proposals for enhanced gambling addiction services. This initiative comes as part of the launch of its regulated online gaming market, with funding sourced from iGaming revenue.
Senator Catherine Cortez Masto has garnered support from U.S. Trade Representative Jamieson Greer for her initiative to establish a Canada-Mexico working group aimed at enhancing trade and tourism. This comes in light of declining visitor numbers in Las Vegas, where tourism has seen a notable downturn.
IGT has secured a deal with the Western Canada Lottery Corporation (WCLC) for 720 Sierra27 video lottery terminals in 2026, marking a continuation of their collaboration. This move aims to enhance player experiences and support the Canadian gaming market.
Since Alberta's online gambling market opened to private operators, ads have flooded the province. Experts warn this surge may increase addiction risks, particularly among youths and vulnerable groups.
