Canada
Why States Need to Look at Pennsylvania and New Jersey When it Comes to iGaming
iGaming seems to be increasing in popularity on a daily basis in the United States. For those states who are yet to commit to legalizing online gambling but may be considering it in the future, they only need to look at Pennsylvania and New Jersey for great examples of how it is done successfully. Even states that have recently introduced new iGaming laws to allow people residing in each state to legally participate in iGaming, should take a look at both Pennsylvania and New Jersey.
It should come as no surprise to find New Jersey online casinos and sports betting leading the way in terms of success. New Jersey legalized online gambling in 2013 and their laws are now among the least restrictive in the US. New Jersey led the way for the introduction of online sports betting having won a lawsuit in 2018. Up until that point, it was only in Nevada where it was possible to legally place a sports wager online.
So, New Jersey has been at the forefront of iGaming for some time and they have some impressive figures. As of March 2021, gambling revenue in New Jersey increased 119.8% year-on-year, with the total market revenue for the month of March 2021 totalling $359.3 million. The sports betting segment is proving to be extremely successful and revenue has bounced 360.9% year-on-year to $60.8 million.
One of the many reasons why iGaming has been so successful in New Jersey is due to the quality of the online casinos and sportsbooks. We are talking some of the biggest names in the world of gambling and New Jersey is home to the likes of Golden Nugget Casino, Caesars Casino, BetMGM, Unibet, 888, Borgata, and DraftKings.
Thanks to regulation by the New Jersey Division of Gaming Enforcement, iGaming is safe in New Jersey and that plays a big role in public confidence when it comes to online gambling.
States wanting to introduce or develop their iGaming revenue should also pay close attention to Pennsylvania. Much like New Jersey, Pennsylvania online casinos feature many of the big-name brands, including BetMGM, Sugarhouse, PokerStars, BetRivers, BetAmerica, DraftKings, Unibet, FanDuel, and Caesars. Having a selection of high-quality casinos means people are more likely to be tempted into playing online games for real money. The more depth and quality of iGaming options available, the more chance there is of people playing.
Online gambling has been legal in Pennsylvania since 2017 and this has allowed the state to build up confidence over time. That is something other states need to understand when looking at the progress made in both Pennsylvania and New Jersey. The Pennsylvania Gaming Control Board are responsible for the safety of players in PA and they ensure iGaming websites can be trusted. Building this trust also takes time but once it is in place, people feel relaxed and confident about online gambling.
All legal iGaming websites in Pennsylvania will have the PGCB logo on their site. Introducing a simple way to let people know a website has been checked and is safe is a great idea and should be followed by other states wanting to introduce iGaming.
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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.
Canada
MediaTroopers Makes Preparations for Upcoming Alberta Launch with Eight Premium Operator Partners
MediaTroopers, the leading digital marketing and customer acquisition firm, has announced that preparations are underway for its upcoming launch in Alberta’s regulated gaming market, scheduled to go live on July 13. As part of those preparations, MediaTroopers will enter the province with eight of its premium operator clients, who are already preparing for their own entries.
With the launch of Canada’s second regulated commercial gaming market, Alberta has quickly become one of the most anticipated market opportunities for operators looking to expand. MediaTroopers has already cemented itself as a reliable partner in Ontario’s regulated market, supporting operators in one of North America’s most competitive markets, and it will bring that same expertise as it enters Alberta.
Much like Ontario, MediaTroopers will continue to support operators in Alberta with localized acquisition strategies, compliance-focused marketing, regional player education, and market-tailored performance-driven campaigns.
MediaTroopers has already seen strong interest from Alberta players through pre-registration activity. With eight of its premium clients also preparing to go live, the company expects to play a pivotal role in helping other licensed operators to build up brand visibility and recognition among players in the region from day one.
With its launch in Alberta, MediaTroopers remains committed to supporting sustainable, responsible, and compliant growth across Canada’s regulated market.
“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 Makes Preparations for Upcoming Alberta Launch with Eight Premium Operator Partners appeared first on Americas iGaming & Sports Betting News.
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