Sports betting in Canada is still not (completely) legal. That might soon change. (Or not.)

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 79 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 35%
  • Publisher: 92%

Law Law Headlines News

Law Law Latest News,Law Law Headlines

Sports betting in Canada is still not (completely) legal. That might soon change. (Or not.) Globe_Sports

This translation has been automatically generated and has not been verified for accuracy.In this Nov. 18, 2019 photo, patrons visit the sports betting area of Twin River Casino in Lincoln, R.I. Currently, companies licensed by Canadian provinces are only permitted to offer what is known as parlay-style sports bets: wagers that include more than one match.It is the second-biggest betting event in the U.S.

For more than a decade, Mr. Masse has been beating the drum for a tiny, but significant, change in the Criminal Code of Canada that would revolutionize this country’s gambling industry. Currently, companies licensed by Canadian provinces are only permitted to offer what is known as parlay-style sports bets: wagers that include more than one match. , asks bettors to predict the outcome of between three and six sporting events.

But, one by one over the past few years, all of the major sports leagues in North America have reversed their stances on betting. Encouraged by studies suggesting sports wagering will prompt a spike in what they call “fan engagement,” the leagues are going all-in, especially for specific in-game bets and also for what are known as proposition, or “prop” bets that would make old-fashioned bookies salivate .

There are other ways for the law to be passed, including an order-in-council or the insertion of a few sentences in the next federal budget, both of which seem unlikely. Federal Justice Minister David Lametti has indicated that liberalizing the betting laws are not a priority. Besides, he adds, many Canadians are already betting on sports through online offshore operators, such as the British companies BET365 and Pinnacle, or the Antigua and Barbados-based Bodog. His group estimates Canadians wager about $4-billion through such operators, in what is known as the grey market. That is in addition to perhaps another $10-billion through illegal black-market operators such as organized-crime groups.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in LAW

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Scott Stinson: ‘It’s ruined sport.’ As Canada considers legal sports betting, there are warnings from abroadThe significant change comes in the culture itself. What happens when wagering on sporting events simply becomes a mainstream part of life? How on earth could it possibly ruin sport In the USA the State of Georgia just turned down betting on sports. High trafficking issues & filming done here increases it. Could care less if they legalize it. There’s always reputable sites if you want to gamble. I put $200 in an account and bet $10 or $20 when an event interests me. My last break between bets was 10 months.
Source: nationalpost - 🏆 10. / 80 Read more »