Canada
A Short Guide to Sweepstakes Casinos for Beginners
How to tell me you are into gambling without telling me you are into gambling: sweepstakes, coins, and tokens. Sweepstakes are not a new concept, they have been with us for a long time representing a very old form of prize gambling that today isn’t even treated as gambling per se. How so, and what sweepstakes casinos are, we will going to find out in this article. Let’s start.
What Are Sweepstakes Casinos?
Some believe that sweepstakes have been with us for centuries. The old meaning of the word was ‘the one who sweeps’ or ‘takes the whole of stakes in a game’. Today the expression refers to a prize that is won in a contest and a winner is chosen at random. It’s important to note that some of these prizes can be really huge.
Okay, so you can comprehend that sweepstakes competitions are omnipresent in today’s society. You can also find a lot of data on big winners, like that lady that won hundreds of sweepstakes per year. But what sweepstakes casinos are?
The whole new concept that is slowly taking over the world, sweepstakes casinos are a term reserved for a type of social casino, whose main focus is the social aspect of playing games. Instead of being focused on prize winnings, the player’s main goal is to have fun, which puts players in a totally new gambling environment. You won’t be focused on gaining huge winnings but on enjoying games you like.
Are Sweepstakes Casinos Legal?
Sweepstakes Casinos are 100% legal not only in most of the US states (except for Washington), but also around the world.
Since they don’t imply using real money for making wagers and playing games, from the legal perspective, they don’t fall under any real gambling category. Instead, they are classified as neither games of skill nor luck. They are simply sweepstakes.
Instead of winning real money, players will get virtual prizes in the form of tokens or coins after every mini-competition, which they will use in further play.
Regardless of the majority of sweepstakes casinos not operating with real money, when it comes to players, it’s still important to find a legal, reliable, and trustworthy casino provider. It’s, therefore, advisable to consult online casino guides that will give you in-depth reviews about the providers you are interested in. For example, the CasinoTopsOnline Fortune Coins Casino review will inform you about the registration process, bonus options, and more. The more things you learn about the provider, the more determined you will be to stick with one.
How Do Sweepstakes Casinos Work?
As we already mentioned, instead of winning real money prizes, in sweepstakes casinos, you will win special tokens – usually in the form of golden coins – which you can use to play other games you love. The more tokens you collect, the more options you will have for exploring different games.
In the same manner, you won’t need to place real money wagers in order to play games or win prizes. With the tokens you gather, you will be able to enter various contests and matches.
How Do You Get Your First Coins?
Once you are done with your registration, you will get coins to get you started. Using them, you will be able to play various games like slots, roulette, baccarat, blackjack, or even poker. Winning these games will result in more coins, which will lead you to more games.
It’s Possible to Win Real Money in Sweepstakes Casinos
Believe it or not, winning real money in the Sweepstakes Casino contest is in fact more than possible, but it requires following certain steps.
First of all, before receiving cash winnings, you need to share your personal information, such as ID identification, a passport, or a driver’s license, to confirm your identity.
The second step is showing your address as proof of residency. The operators will usually ask you to share the information from your utility bill, lease agreement or mortgage statement, notarized contract, or bank account.
Once your identification process is done, you will be able to redeem your coins for real money using your standard bank account. Remember that the focus of sweepstakes casinos is more on the “fun” part than on the monetary aspect. It’s therefore advisable not to keep your standards too high when it comes to the amount you will get.
Summary
Sweepstakes casinos promise a fun and unique gambling experience. Instead of wagering with real money, you will get virtual coins after the registration that you will be able to use further in the game. The more loot you collect, the longer you will stay and the more games you will be able to enjoy.
The important thing to remember is that the websites you choose to play at will be 100% safe and reliable, as long as you stick with the recommended providers. The whole concept is legal in most of the US states and around the world, so you shouldn’t have any problems finding a good operator, and you will be able to enjoy these games from wherever you find yourself at. In the end, you will also be able to collect even some real money prizes.
All in all, it’s a fun and refreshing gambling experience. Enjoy!
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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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