Canada: Regulators reject securities framework for sports and entertainment event contracts
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Canadian securities regulators have said sports and entertainment prediction market contracts should not be governed under securities and derivatives legislation, sharpening the debate over how such products should be regulated in Canada. The Canadian Securities Administrators, or CSA, and the Cana…
Canadian securities regulators have said sports and entertainment prediction market contracts should not be governed under securities and derivatives legislation, sharpening the debate over how such products should be regulated in Canada. The Canadian Securities Administrators, or CSA, and the Canadian Investment Regulatory Organization, or CIRO, issued the position Thursday amid growing interest...