B.C. Regulator Warns Against Illegal Prediction Markets
British Columbia’s Independent Gambling Control Office (IGCO) has clarified its position on prediction markets following new guidance from Canada’s securities regulators. The provincial gambling regulator says contracts based on sports and entertainment outcomes qualify as gambling under British Columbia law and must comply with the province’s gambling framework. The statement followed an August 27 notice from the Canadian Securities Administrators (CSA) and Canadian Investment Regulatory Organization (CIRO). Their guidance addresses products commonly described as event contracts, prediction contracts or prediction […] The post B.C. Regulator Warns Against Illegal Prediction Markets appeared first on World Casino News.
British Columbia’s Independent Gambling Control Office (IGCO) has clarified its position on prediction markets following new guidance from Canada’s securities regulators. The provincial gambling regulator says contracts based on sports and entertainment outcomes qualify as gambling under British Columbia law and must comply with the province’s gambling framework. The statement followed an August 27 notice from the Canadian Securities Administrators (CSA) and Canadian Investment Regulatory Organization (CIRO). Their guidance addresses products commonly described as event contracts, prediction contracts or prediction […]
The post B.C. Regulator Warns Against Illegal Prediction Markets appeared first on World Casino News.
