Category: Prediction Markets

On August 27 2026, CSA staff issued regulatory guidance concerning prediction markets. This is an important development in the regulatory landscape for prediction market platforms in Canada. CSA and CIRO staff announced that: (1) event contracts based on sports or entertainment events/outcomes should not be regulated within securities/derivatives legislation, and (2) are not appropriate for…

With the announcement in April that certain CIRO[1] dealer members have received regulatory approval to offer event contracts,[2] there has been a consistent stream of public commentary regarding the permissibility of prediction markets for retail Canadian clients. Much of this commentary has been focused on potential consumer protection concerns while others have argued for the…