Canada Tightens Prediction Market Rules, Bans Brokers From Displaying Sports Contracts
- —CIRO bans sports and entertainment contracts in broker apps and promotions
- —Unavailable contracts must be removed from search, recommendations and marketing
- —Links directing clients to third-party sites with such markets are prohibited
- —Contracts on economic data and financial indicators with 30-day minimum maturity remain allowed
Why it matters: Canada is tightening retail access to prediction markets, limiting the expansion of Kalshi and ForecastEx in the country.
Source: Cryptonews.net