Canada
Gambling Legislation by State in the US and Canada
No matter which region bettors find themselves visiting in both Canada and America, they are bound to find some sort of online gambling offered. America is quickly becoming the online gambling metropolis with Canada showing signs of following suit. More Americans are turning to their mobile devices and laptops to access online gambling in its many forms and shapes. More states are currently in the process of legalizing online gambling, launching sports betting and featuring the latest and newest online casino platforms. US players first visited online casinos that were based in places such as the Isle of Man and Antiguan 1994. In 1996, Canada’s First Nations team started online casinos in Quebec and Montreal.
States That Have Yet to Join the Online Movement
Sports betting is one of the more sought after forms of online gambling in certain states in America. California, Maine, Massachusetts, Florida, Kansas, Missouri and Kentucky are in the process of strategizing with lawmakers, senators and government to pass laws and legislature to legalize sports betting. In most of these states, bills have been proposed and voters have been tallied in favour of these referendums but lawmakers in the states are neither here nor there when it comes to finding out exactly when the industry will launch.
There are, however, states have managed to provide their residents with sports betting at land-based venues for the time being. These states have had no luck with getting the gambling legislature to approve online wagering. New York, Mississippi, Arkansas, Maryland, North Carolina and New Mexico have all tried to get the sports betting scene online, but to no avail. Even though voters have declared that they would want online sports betting offered in these states it seems unlikely that this goal will come to fruition soon.
States That Have Launched Online Wagering
Michigan, Delaware, West Virginia, New Jersey and Pennsylvania are the only states where all three forms of online gambling are being offered presently. The five states all offer their players and residents Online Sports Betting, Online Poker and Online Casinos. New Jersey who generates over $225 million per annum has been identified as the state with the biggest online gambling market in the U.S. Indiana, New Hampshire, Iowa, Oregon, Colorado, Rhodes Island, Tennessee, Montana, Illinois and Washington D.C have all managed to successfully launch a legal and regulated online Sports Betting industry but not much else. In most of these states the online option was made available as a result of the lottery already being played in the respective state. Most establishments where the lottery is allowed will not be permitted to conduct any other forms of online gambling from their premises. However, land-based operators have inked lucrative and strategic partnership deals with premium sportsbook providers such as BetMGM, DraftKings, FanDuel and Pointsbet.
Lottery
The lottery the only game of chance that is allowed to be played legally in all the states in the U.S and Canada, with the latter offering some of the best Canadian casino websites run by off-shore operators to cater the gambling market. In Georgia, the Lottery Corporation allows patrons to play other forms of online games such as Fantasy 5, Mega Millions and Powerball. Keno games are also allowed in conjunction with Georgia Lottery Corporation’s Diggi Games. In Illinois, Lotto and Mega Millions tickets went on sale in March 2012; along with this the site also sold Powerball tickets. It was in April 2014 that the first record amount of $36.9 million in online ticket sales was announced, after just two years of the game offering going live. In 2014, Michigan announced that its first online tickets were sold for a game called instant Keno. The tickets could be purchased by residents via their mobile devices and computers. Later, in 2016, the Mega Millions 47, Powerball and Fantasy 5 tickets were available online to anyone older than 18, which is the legal lottery gambling age. In Kentucky, in 2016, online ticket for daily draw games and jackpots were finally made available. The state took a total of 3 years and some months to design the game’s intricate system, which does not allow winners to access their winnings, because of the very strict laws regarding money laundering in the state.
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Canada
Gaming Corps goes live with OLG iCasino in Ontario
Gaming Corps has launched its casino game portfolio with Ontario Lottery and Gaming Corporation (OLG) in Ontario, bringing a selection of the Swedish studio’s titles to OLG’s digital casino audience.
The rollout includes football-themed games timed to the summer football calendar. Titles going live with OLG include Goals to Glory: Football Fever, Penalty Champion: Goals to Glory, and Goals to Glory: Instant Blitz, part of Gaming Corps’ Instant Blitz series.
OLG is a provincial crown agency that has operated in Ontario since 1975, with responsibilities spanning land-based gaming facilities, province-wide lottery games, internet gaming, bingo, and electronic gaming products at Charitable Gaming Centres.
Graham Greensmith, Chief Commercial Officer at Gaming Corps, said: “Launching with OLG gives Gaming Corps outstanding visibility in one of the most exciting regulated markets in North America. The timing could not be better. As global football moves into focus, we are bringing OLG a fantastic line-up that speaks directly to the moment, while also introducing some of our most recognisable titles, mechanics and characters.”
Ian Shelswell, Director, iCasino Product, Partnerships & Development at OLG, added: “OLG is always looking to bring high-quality content to our players, and Gaming Corps’ portfolio adds further variety to our iCasino offering at an exciting time in the sporting calendar. The combination of football-themed releases, instant win content, recognisable slot franchises and engaging game mechanics makes this a strong addition to our casino catalogue. We are pleased to welcome Gaming Corps to OLG and look forward to developing the partnership.”
The post Gaming Corps goes live with OLG iCasino in Ontario appeared first on EE Gaming | Global iGaming & Tech Intelligence Hub.
Alex Cuoci
Wealthsimple and Kalshi Partner to Bring Prediction Markets to Canada
Wealthsimple announced the release of Wealthsimple Predict, providing retail investors the ability to trade event contracts on Kalshi. The standalone application is scheduled to launch this summer. Through the app, users will have access to approximately 4000 Kalshi event-based contracts in categories Wealthsimple is authorized to offer in the Canadian market, specifically climate, financial markets, and economic indicators.
“Prediction markets are the fastest-growing segment of global financial markets, letting traders turn an opinion into a position on the factors that shape our world – where inflation is headed, what happens to rates, or how the year unfolds. Until now, Canadians have had limited access. Wealthsimple Predict gives Canadians a clean, well-designed way to access these markets, with education and guardrails built in from day one,” said Brett Huneycutt, co-founder and Chief Product Officer, Wealthsimple.
“Kalshi was founded on a simple belief: views on the future should have markets, and those markets should be available to everyone. That’s why we’re partnering with Wealthsimple, Canada’s leading financial innovator – to give everyday investors in Canada access to fair, secure, and regulated prediction markets,” said Alex Cuoci, Kalshi.
In March, the Canadian Investment Regulatory Organization (CIRO) authorized Wealthsimple to offer event and forecast contract trading, also known as prediction markets. These contracts are regulated as futures contracts (derivatives). The approval covers contracts with a 30-day settlement period or longer, within the categories of economic indicators, financial markets, and climate. Wealthsimple is the second investment dealer to receive regulatory approval from CIRO for prediction markets.
To access trading through Wealthsimple Predict, new clients must complete a standard Know Your Client (KYC) process. Education is built into every stage of the experience, including a guided orientation of a client’s first trade. The app also shows users key disclosures and definitions, including trading risk reminders, contract resolution information, notices that positions can be sold at any time, and liquidity risk warnings on lower-activity markets. Wealthsimple Predict will only be available to Canadian residents.
Kalshi is authorized to operate in the US as an event contracts exchange, with federal authority from the Commodity Futures Trading Commission (CFTC), the regulatory authority for the U.S. derivatives market. Prediction markets follow the same regulatory framework applied to other financial assets traded in the US, such as equities, bonds, and traditional derivatives, with clear rules for price formation, settlement, and governance.
The post Wealthsimple and Kalshi Partner to Bring Prediction Markets to Canada appeared first on Americas iGaming & Sports Betting News.
Alberta
MediaTroopers lines up eight operator partners ahead of Alberta launch
MediaTroopers said it is preparing to launch in Alberta’s regulated gaming market on July 13, as Canada’s next regulated commercial gaming market opens.
The digital marketing and customer acquisition firm said it plans to enter Alberta alongside eight “premium operator” clients, which it said are also preparing for their own market entries. MediaTroopers did not name the operators.
The company said its Alberta offering will mirror its work in Ontario, including localized acquisition strategies, compliance-focused marketing, regional player education, and market-tailored performance campaigns.
MediaTroopers also said it has seen “strong interest” from Alberta players through pre-registration activity, without providing figures.
“Alberta represents an exciting next step for regulated iGaming in Canada, and Media Troopers is ready to support operators from day one,” said Shmulik Segal, CEO of Media Troopers. “Our experience in Ontario has given us a strong understanding of what it takes to enter a new Canadian market successfully, from compliance and localization to scalable player acquisition. With eight of our premium clients already preparing for launch and early pre-registration traction underway, we see Alberta as a market with tremendous potential.”
The post MediaTroopers lines up eight operator partners ahead of Alberta launch appeared first on EE Gaming | Global iGaming & Tech Intelligence Hub.
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